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Nigeria, Czech Agencies Sign MoU On Joint Venture

May 23, 2014

Sunday Michael Ogwu

The Nigeria-Czech Republic Trade mission has brokered a joint venture agreement between the technology agency of Czech Republic and the National Agency for Science and Engineering Infrastructure (NASENI) on information exchange. The MoU which was signed in Czech Republic has as its main objective to support and promote bilateral and multilateral scientific research and development and in particular joint ventures between Nigeria and Czech Republic

Speaking to Daily Trust on the MoU, President of the mission Mr Daihiru Mohammed said the parties also agreed on exchanging best practices and know-how in the area of Research and Development and information, support technology transfer and commercialization of output.

The priority areas in the agreement includes information and communication technology, biotechnology and pharmaceuticals, agriculture and food technology, systems-on-chips, genomic medicine, energy technology, sustainable development of transport, protection of environment and mining technology.

According to the agreement the cooperative activities shall be on equal financial basis include organization of study stays, educational activities and workshops or internships for experts for both parties.

The agreement is for an initial period of 5 years which can then be renewed for another 5 years period.

For more stories covering the world of technology, please see HispanicBusiness' Tech Channel

Source: AllAfrica

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