Lagos creates N250m fund for research, innovation
The Lagos State Government says it is providing n250m innovation fund for research and innovation in the state.
Governor Babajide Sanwoolu stated that the Lagos State Science, Research and Innovation Council was created for research and innovation while speaking at the Art of Technology Lagos 1.0 Conference in Lagos on Thursday.
he also pledged the commitment of the state government to the building of metropolitan fibre optic cables to deepen broadband penetration in the state.
“This fund is primarily tasked with investment in research and development in science and technology across different thematic areas in the state. From Artificial Intelligence to robotics to health informatics and green energy, LASRIC will direct funds to solve issues of national significance through science and technology research,” he added.
The governor noted that with a population of about 22 million and a crumbling infrastructure, new sustainable methods of transportation and infrastructure deployment must be formulated to keep up with the population growth.
According to him, the government plans to launch an innovation master plan which will highlight the government’s critical focus areas.
he said, “The use of AI to predict movement of human resources and materials and reverse environmental degradation are critical solutions we need to adopt. our challenges put us in a unique position to engineer not just our own solutions but engineer solutions for the world at large. In view of these and other issues, our administration is committed to releasing and charging our nascent problem solving potential through innovations in science and technology.”