FG to promote creation of 1,500 SMEs via new technologies

The Director General of Federal Institute of Industrial Research Oshodi, FIIRO, Dr. Gloria Elemo, has said that an estimated 1,500 small and medium scale enterprises are expected to be set up across the country in the next one year through the 250 Research and Development (R&D) technologies/outputs developed by the institute. economySpeaking ahead of the Investment and Technology Week being put together by the institute, she said that not less than 50,000 direct job opportunities will also be created following the adoption of the technologies by the 774 local government areas in the nation, even as she said that 75,000 entrepreneurs have so far benefited from FIIRO technology transfer. She noted that the 250 R&D outputs to be showcased at the four days event, which kicked off today (Tuesday, October 14, 2014), would also spur more Foreign Direct Investment, FDI, interest into the country.