The atmosphere at the Radisson Blu Hotel, Victoria Island, Lagos was pumped up with nothing but excitement this past Thursday, November 19th, as the Nigerian Content Development and Monitoring Board (NCDMB), and its implementing partner-Enactus Nigeria, hosted guests and dignitaries from the  Lagos State Government, the Bank of Industry (BOI), Lagos State Employment Trust Fund (LSETF) and Sahara Energy, the United States Consulate, Lagos; as well as the media, during the official launch of its Science and Technology Innovation Challenge (STIC).

The STIC, which is the first-of-its-kind by the NCDMB, is an enterprise-development program designed to challenge undergraduates from all accredited Nigerian tertiary institutions to stretch their ingenuity, and apply science & technology to create home-grown, innovative, and technology-driven business solutions that address some of our pressing everyday problems, while creating job opportunities and wealth.

While delivering his welcome address, the Country Director of Enactus Nigeria, Mr Michael Ajayi expressed the organization’s commitment to continue to inspire and train young people across the country to become successful, purposeful and values-driven social innovators and entrepreneurial leaders. Mr Ajayi also stated Enactus Nigeria’s commitment to continue to foster multi-sectoral partnerships that involve stakeholders in the public, private and social sector in order to drive the magnitude of social impact necessary to lift people out of poverty and create job opportunities, while solving problems and improving the living standards of Nigerians.

The Executive Governor of Lagos State, Governor Babajide Sanwo-Olu, through his Special Adviser on Innovation and Technology, Mr Olatubosun Alake, also expressed the willingness of the state to drive sustainable growth in the innovation and technology ecosystem as evidenced by the administration’s recent funding of seven innovative start-up companies in areas such as food security, secular economy and COVID-19 prevention, as well as the funding of research initiatives in University of Lagos, Lagos State University, Yaba College of Technology and the African Research Centre of Excellence.

The Executive Secretary of NCDMB-Engr Simbi Wabote, during his keynote address, expressed excitement about the STIC and how the NCDMB had committed over 10million man-hours to execute, for the benefit of Nigerian youths, numerous human capital development initiatives including, but not limited to, sea time training for over 50 cadets, vocational skills training in ICT, industrial automation & mechatronics and process control.


During the panel discussion, all the panelists-the MD/CEO of the Bank of Industry, Mr Olukayode Pitan, the Executive Secretary of the LSETF, Mrs Teju Abisoye; Mr Tonye Cole, the co-founder of Sahara Group; the Executive Secretary of the Lagos State Employment Trust Fund (LSETF); and the Executive Secretary of NCDMB, Engr. Simbi Wabote, spoke deeply about how the Nigerian youths can leverage technology in providing business solutions to everyday problems. They also encouraged the undergraduates to consider opportunities like those provided by the STIC, to proffer solutions to the challenges of today’s world.

While entries for the STIC is open to undergraduates from all Nigerian tertiary institutions (University and Polytechnics) from November 19th 2020, till January 14th, 2021, for a chance to win 10million Naira as well as secure business incubation, the faculty guides of the winning institutions also get to win N750,000 (Seven Hundred and Fifty Thousand Naira) and top quality Laptop, while the institutions represented by the winning undergraduates receive institution-specific infrastructural support to enhance their capacity for research & development courtesy of the NCDMB.

Although about 17 media organizations, including Arise TV  and the News Agency of Nigeria (NAN) have so far reported on the STIC and its official launch, kindly click the following link for full details of the STIC


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