Vice President Yemi Osinbajo says Nigeria needs institutions that will produce cutting edge Artificial Intelligence (AI) applications to solve problems in key sectors of education, business, agriculture, medicine, security among others.
Speaking at the First Board Meeting and Fund Raising dinner in aid of the establishment of the Nigerian University of Technology and Management (NUTM) on Wednesday in Lagos, Osinbajo said that there must be a Nigerian institution whose sole objective is to inspire innovation, inventions and research that address the most crucial problems of the nation and the world.
The Vice President stated that in a world increasingly disrupted by technology and innovation, the nation must convert its best young minds to creative thinkers, innovators in science, technology, the economy, commerce and public finance.
Osibanjo added that although Nigeria already has several tertiary institutions of science and technology and management sciences, the NUTM comes with a difference, as it will serve as a world class centre for the training of the best Nigerian minds and talents.
The Vice President however stated that funding is a major issue for the University as the NUTM must in its bid to excite research, invest a considerable amount of resources in attracting Nobel laureates and international leaders of thought and innovation.
Osibanjo then pledged the Federal Government’s commitment to ensuring that the initiative succeeds, as it is not just a project but a vital national resource.