The Executive Secretary, Tertiary Education Trust Fund TETFUND, Suleiman Boforo, says the Nigerian economy can only be globally competitive with the institutionalization of Research and Development R&D.
Bogoro said this in Abuja, while receiving the draft Executive Bill for establishment of the National Research and Development Foundation NRDF from the NRDF Bill Drafting Committee.
The draft bill is aimed at establishing a National Research and Development Foundation to coordinate research that would pave way for Nigeria to become a knowledge-based economy.
Bogoro commended the commitment shown by the Attorney General of the Federation, Abubakar Malami, by engaging members of staff of the Ministry of Justice to be part of the drafting committee.
He said that the submission of the draft bill had laid the foundation for driving a knowledge-based economy, saying it was imperative for Nigeria to pursue knowledge for economic development.