How Research and Innovation Can Drive Profit and National Growth
Research and innovation can be profitable in countries with strong academic sectors. If I have the knowledge and time, I can begin with focused thinking and develop ideas at little cost. If I need expertise, I can sponsor researchers and lecturers in universities to help solve practical problems. Universities contain students, scholars and professionals who can work on solutions in health, agriculture, manufacturing and technology. Researchers need funding, while sponsors need useful results. This partnership can create products, facilities and discoveries that improve lives and strengthen the economy. Nigeria needs a stronger culture of funding research. When innovators can demonstrate that a solution improves crop yields, treats disease or creates jobs, government and private investors should support it. Investing in proven ideas can help researchers recover their costs, make profits and fund further innovation.
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