The Governor of Lagos State, Babajide Sanwo-Olu, has presented a seed fund of N250m for technological innovations to the Lagos State Science Research and Innovation Council (LASRIC).
Sanwo-Olu presented the cheque on behalf of the state government on Friday alongside members of the council at the State House, Ikeja, Lagos.
He stated that the presentation was in line with his plans for Lagos state to be a hub of technological innovations.
The Governor said “For us, it is to put an action in what we believe in. When you make pronouncements as a government, you must put them to action.
”I don’t want very stringent conditions that will not make people benefit from this fund. In the next six months, let us begin to see a litmus test that people have been supported through this fund.
”We can’t do it alone, ours is just a seed fund. Some of you have access to international donors and partners that will want to see the level of our seriousness and commitment; I want us to put in serious effort so that others will be willing to support us.
“We need innovative solutions. We can think global but we have to act locally. Let us think about solutions that are peculiar to us as Lagosians and Nigerians and you will be amazed that we have great skills waiting for people to bring them out,” the governor said.
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LASRIC is a Lagos State institution in charge of research with the responsibility of boosting innovation and technology in the state.
The council is presently made up of a 16-member team, headed by the Vice-Chancellor, University of Lagos (UNILAG), Prof. Toyin Ogundipe.
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