A bill to create the National Commission for Technology Transfer, Acquisition, and Promotion has successfully passed its second reading in the House of Representatives. Sponsored by Hon. Clement Jimbo, the bill aims to monitor and manage the inflow of foreign products and technology into Nigeria.
In his lead debate, Jimbo highlighted that the bill seeks to harness Nigeria’s large and active population to create job opportunities for youths, process raw materials into finished goods, and increase the country’s Gross Domestic Product (GDP). He emphasized the need for continuous value addition to Nigeria’s solid minerals sector, particularly in the face of increasing foreign imports.
Jimbo, who represents Abak/Etim Ekpo/Ika Federal Constituency in Akwa Ibom State, noted that the bill is also designed to help increase Nigeria’s revenue through foreign exchange. He cited statistics from the National Bureau of Statistics (NBS), which report that Nigeria currently uses over 200 million mobile phones, 500,000 solar systems, and millions of cars, laptops, and other electronic devices—many of which require batteries made from lithium.
He pointed out that large quantities of lithium have been discovered in Nigeria, specifically in Abuja, Nasarawa, Kogi, Ekiti, Kwara, and Cross River states. This aligns with statements from the Minister of Solid Minerals, Mr. Dele Alake, who has vowed to prevent the export of Nigeria’s solid minerals without adding value. Jimbo emphasized that this bill reflects that vision.
After the plenary session, Jimbo called for the swift passage of the bill, stating that it would significantly improve the lives of Nigerians. He assured that the bill has no financial implications once passed into law, in line with the Standing Orders of the House.
