La­gos cre­ates N250m fund for re­search, in­no­va­tion

The Punch - - NEWS | PHOTO - Ife Ogun­fuwa

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.”

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