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Nigeria’s membership in BRICS, according to Kazeem Raji, director-general of the National Board for Technology Incubation (NBTI), provides local entrepreneurs with “unprecedented” access to international markets and direct connections to a bloc that accounts for over 40% of the world’s population and trillions of dollars in trade.
A strong coalition of developing nations, BRICS stands for Brazil, Russia, India, China, and South Africa. The union, which provides a forum for political and economic cooperation among poor countries, has been gradually acquiring international recognition.
In January, the bloc accepted Nigeria as a partner nation.
On Wednesday, Raji gave a speech at the “National showcase: Nextgen innovation challenge 2025” in Abuja.
Nigeria’s most promising innovators in vital industries will be identified, supported, and shown through the National Board for Technology Incubation’s (NBTI) Nextgen Innovation Challenge 2025, which is run by UKALD.
“Nigeria is not just catching up; Nigeria is taking the lead,” he said, adding that the innovation competition “sent a message loud and clear.”
Raji went on to say, “Every submission, every concept, is a vote of confidence in the future we are creating—a future written by Nigerians, for Nigeria, and for a world in dire need of fresh ideas.”
He characterized the national exhibition of the NextGen Innovation Challenge 2025 as a revolutionary platform designed to promote indigenous ideas on a global scale and to magnify the genius of Nigerian brains.
“Igniting Indigenous Ingenuity: Nigerian Solutions, Global Impact,” our subject for 2018 National Showcase, perfectly encapsulates the spirit of this event. It’s more than simply a catchphrase,” he stated.
It is a strong, unwavering, and determined statement that the moment for Nigeria to take the lead in innovation has arrived.
“I would like to recognize His Excellency’s remarkable leadership, Bola Ahmed, President
Tinubu, GCFR, whose vision for renewed optimism forges a daring route from reliance to innovation and from consumption to production.
Nigeria is undertaking a bold and purposeful transition under the visionary leadership of President Bola Ahmed Tinubu, GCFR. This transformation is anchored on the Nigeria First Policy, the Rekindled Hope Agenda, and Nigeria’s historic membership in the BRICS economic alliance.
These platforms—which are intended to boost our domestic talent, fortify our sovereignty, and propel a new age of innovation-led development—are more than merely collaborations and policies.
“You, the innovators, are the living evidence that our people are Nigeria’s greatest resource, not the earth.
“The Nigeria First Policy is a strong push to give local solutions for regional and worldwide problems first priority.
It is a confirmation that Nigerian innovators should hold leadership positions, Nigerian products are valuable, and Nigerian ideas matter. With government assistance, development funding, and policy changes geared toward empowering indigenous thinkers, builders, innovators, and creators, you now work in an environment that is purposefully being shaped to your advantage.
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At the same time, Nigeria’s membership in BRICS gives you access to international markets like never before, putting you in direct contact with a multilateral bloc that together accounts for nearly 40% of the world’s population and trillions of dollars in investment and trade flows.
“This is your pass to innovative cooperation with other innovators in emerging economies, new export prospects, new funding sources, and new partnerships.”
“IDEAS FROM NIGERIAN INNOVATORS CAN TRANSFORM INDUSTRIES.”
The private sector and foreign organizations should invest in Nigerian inventors, according to Uche Nnaji, minister of innovation, science, and technology, who also noted that their solutions have the potential to change lives.
“Invest in these innovators, I implore you. “This is only a small portion of what Nigeria has to offer,” he remarked.
“These young men and women have more than just ideas; they have blueprints, solutions, and scalable products that have the power to change industries and change lives.”
According to Nnaji, the competition attracted more than 3,000 innovation entries from the 36 federation states and the Federal Capital Territory (FCT).
He continued, “74 finalists have emerged from this amazing pool of talent—each one a testament to the ingenuity, courage, and brilliance that define the Nigerian spirit.”
He pointed out that the federal government’s renewed hope agenda places innovation at the center of national growth and governance.
To cut down on red tape and create opportunities for funding, mentorship, and market access, the minister stated, “we are investing in digital transformation, expanding access to science and technology education, and reforming our innovation ecosystem.”
We are witnessing the tangible results of that vision now. Our young innovators are demonstrating that Nigeria is not just consuming technology, but also producing it, with solutions ranging from sustainable energy to agric-tech, fintech, edtech, AI, and deep-tech.
He restated his ministry’s commitment to expanding support for idea-to-market transitions and bolstering innovation hubs nationwide.
Tinubu stated that low-income and emerging economies should be included in global financial systems and treated fairly during his remarks at the 17th BRICS conference on Saturday.
