The Place of Innovation and Indigenous Technology in National Economic Transformation

Abstract

There is a need for Nigeria to acquire adequate technology and
follow through an innovative part in order for the economy to
bootstrap. At present the economy of the nation is nose-diving and
requires an emergency turnaround if we have to develop. A country
blessed with rich mineral and natural resources, but has failed to
add value to its produce but rather export the raw material in other
to get finished products in return thereby creating room for its own
economic mishap. The research work tries to find ways to improve
above the present current economic recession using local home
made products as a point of contact. To boot, the report has shown
that the application of indigenous technology will navigate our
Nation into a decent economic, infrastructural development and
well as human development