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Tech Confab To Explore How To Grow Economy Through Innovation

Accelerating Nigeria’s economic growth through innovation will form the focus of this year’s edition of Nigeria Innovation Summit scheduled for Lagos.

The summit, which will hold from August 20-21, at Lagos Sheraton Hotels, Ikeja, is a yearly event that promotes the need for businesses, organisations, entrepreneurs and government to become more innovative and use innovation to drive sustainable economic development. It helps embrace innovation and move in the direction of digital transformation through the use of emerging technologies and trends, research, development, commercialisation, entrepreneurship and investments.

Each year, the summit provides a platform that fosters collaborations among government agencies, businesses,international organisations, innovators, researchers, academic community and startups.

Announcing the summit, Emerging Medi Chief Executive Officer (CEO), Kenneth Omeruo, said: “This is the time for Nigeria with her youthful population, to leverage new technologies like Artificial Intelligence, Virtual Reality, Blockchain, Internet of Things, Robotics, Data sciences etc and apply them in sectors like Health, Agriculture, Financial services, Education, Renewable Energy and Clean-techs to solve problems around us. These opportunities are already creating new businesses who are becoming a major source of foreign investments into Nigeria and that is a major way of accelerating economic growth. This is our motivation each year to host this summit.”

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He said small businesses and startups hold the key to a sustainable economic growth for the country as in 2018 according to Partech Africa report, Nigerian startups attracted $ 306 million in funding over 26 deals, and encourages the government to provide more support and create the enabling environment for businesses and innovations to thrive.

Summit Programme Coordinator Tony Ajah said: “Each year, we bring in experts from around the world in several innovation ecosystems to Nigeria to share these global opportunities and network with participants are the summit.

“This year’s summit will feature keynote presentations, panel discussions, workshops, exhibitions focusing on healthtech,agritech, renewable energy and cleanTech.

Source: The Nation

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