How Nigeria Can Benefit From Technology Transfer
Technology transfer is the movement of data, designs, inventions, materials, software, technical knowledge or trade secrets from one organization to another or from one end to another. Experts said the technology transfer process is guided by the policies, procedures and values of each organization involved in the process.
Also known as technology transfer (ToT), technology transfer can take place between universities, businesses and governments, either formally or informally, to share skills, knowledge, technologies, methods of manufacturing, etc. This form of knowledge transfer helps to ensure that scientific and technological developments are accessible to a wider range of users who can then help to develop or exploit them. This transfer can occur horizontally in different fields or vertically by moving technologies, for example, from research centers to research and development teams.
This commercialization may involve the creation of joint ventures, licensing agreements and partnerships to share risks and benefits.
But an important part of technology transfer is the protection of intellectual property (IP) associated with innovations developed in research institutes, according to the Director General of the National Office for Technology Transfer and Promotion (NOTAP), Dr. Dan Azumi Ibrahim. This may mean licensing patented intellectual property to outside companies or creating start-ups to license intellectual property.
Economic experts have long recognized that the transfer of technology is central to the process of economic growth and that the progress of both developed and developing countries depends on the extent and effectiveness of such transfers. In recent years, economists have also realized (or rediscovered) the important effects of international technology transfer on the size and structure of world trade.
Methods of technology transfer
Technology transfer can take place using the following instruments.
1. License – An agreement between the technology owner (licensor) and the recipient (licensee) that grants the right to use the technology developed or owned by the transferring person or business for a specified period of time is called a license .
The two broad categories of licenses include one that grants exclusive rights to use the technology and another that grants non-exclusive rights in which the owner reserves the right to later transfer the technology to a company other than the recipient. It may also include the right to sublicense, allowing the licensee to grant someone else the right to use the technology.
2. Joint venture agreement – The company executes a joint venture agreement regarding the transfer of technology for a particular company with the aim of integrating long-term cooperation between the parties, motivating all participants for the successful transfer and reducing the costs. compared to self-employment.
3. Franchising – This is one of the most preferred methods of technology transfer. Companies generally transfer the technical know-how or know-how involved in this type of contract.
4. Original Equipment Manufacturer – This is a kind of subcontracting agreement where a foreign company transfers a relevant part of its technologies and a local company manufactures according to the specifications of the agreement. Such an agreement enables local companies and enterprises to absorb technologies and restructure their production mechanism.
5. Repurchase agreements – This is a form of agreement between developing country stakeholders and large foreign companies, in which a foreign company provides industrial equipment in exchange for profits from the sale of materials raw materials or goods produced. This type of technology transfer is often used in the construction of new factories and other related activities.
It is interesting to note that there is a considerable amount of knowledge and technology today that allows the development of approaches and can effectively plan and implement business processes. What needs to emerge is a well-funded and powerful mechanism to execute technology transfer among stakeholders to ensure uninterrupted economic progress.
NASENI and Uganda agree on technology transfer
But the need for African countries to look inward in the development of the region using science, technology and innovation emerged recently in Abuja as the Agency’s Executive Vice President/Chief Executive Officer national for scientific and technical infrastructures (NASENI) Engr. Professor Mohammed sani Haruna on behalf of the Federal Government has agreed to work with the Ugandan Embassy in Nigeria in areas of bilateral strategy partnership on technology transfer, agro-industry, renewable energy, among others.
The deal was struck when the Ugandan High Commissioner to Nigeria, Amb. Nelson Ocheger paid a courtesy visit to NASENI in Abuja, seeking possible areas of collaboration with the Agency.
Receive the delegation in their office after tour of the Agency’s facilities, Professor Haruna said the time had come for African leaders to look inward and work with other African countries to develop the continent using their local resources, technology, human capital, including sponsorship of goods and services produced within the African continent.
According to Haruna, “Benefiting from each other’s advancements in technology and innovation is what will take Africa to where we want to be. The other continents do not want us to overtake them because we are their markets.
While presenting the achievements and interventions of the Agency in the fields of energy, agriculture, education, industries, etc., he reiterated that the mandate of NASENI is to establish and to maintain an appropriate and dynamic scientific and technical infrastructure to achieve industrialization initiated and supported by the country through the development of relevant processes, capital goods and equipment necessary for the creation of employment, welfare national economy and progress.
Earlier in his remarks, the Ugandan High Commissioner to Nigeria, Mr. Nelson Ocheger, who was represented by Chargé d’Affaires, Brigadier General Herbert Mbonye, said that their mission in NASENI was to identify the possible areas of collaboration with the Nigerian government in the areas of technology transfer, renewable energy, agribusiness, capacity building, oil and gas, and education, among others.
He said the only way to achieve such cooperation was to sign a memorandum of understanding with the federal government through NASENI, which he said has a similar mandate with the Uganda Institute of Research and development (UREI) to ensure the transfer of appropriate technology for the development of the continent.
According to him, Uganda has been slow to diversify its economy, especially in the agro-processing sector, adding that 85% of Uganda’s GDP comes from agriculture. “We are number one in food processing in Africa and number three worldwide.” He explained.
“However, we may be in research and development, but the technology alone can end up in the shelves. So we need capacity building to use these technologies. We Africans have a long way to go. to go, but inter-African cooperation is the way to go, adding that the western world has no interest in sharing its technologies and ideas with Africans, but perhaps in showing its success.We must work together to strengthen our savings,” he said.
Airtel Africa Launches Smartcash Payment Service Bank in Nigeria
Airtel Africa, a leading telecommunications and mobile money service provider with operations in 14 African countries, has launched SmartCash Payment Service Bank, its wholly-owned subsidiary, to provide secure and reliable financial services across the Nigeria.
Based in Lagos, it accepts deposits from individuals and small businesses, offers payment and money transfer services in Nigeria, and issues debit and prepaid cards, among other banking services. SmartCash also enables person-to-person payments and transfers from all over the world. The service is currently available at select retail touchpoints.
The company said plans are underway to expand the innovative, technology-driven services to all parts of the country, including the most remote and remote, with the aim of accelerating financial inclusion for all. Nigerians. The launch follows the granting of a license by the Central Bank of Nigeria. Already, SmartCash aims to reach the 36.8% of the unbanked adult population in Nigeria, as estimated in the Access to Financial Services in Nigeria report.
Airtel Africa Group Managing Director Segun Ogunsanya said: “The launch of SmartCash Payment Service Bank gives us a new impetus at Airtel Afrca, to continue growing our footprint on the continent and delivering innovative solutions. In banking, we have the best of both worlds – a hybrid of commercial banking and mobile financial services – providing a last-mile connection to the financially excluded. Through this, we want to help drive financial inclusion in Nigeria, empower Nigerians while transforming the payments landscape in Nigeria and the rest of Africa.”
CEO and Managing Director of SmartCash Payment Service Bank, Muyiwa Ebitanmi said, “Through SmartCash Payment Services Bank, we aim to bridge the financial divide by providing rural and urban Nigerians with access to innovative, highly secure and affordable banking services. reliable. powered by technology and tailored to their needs.”