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The Nigeria, Czech Republic Chamber of Commerce and Industry 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 the Czech Republic.
The president of the Chamber of commerce, Mr Daihiru Mohammed, said: ”The parties also agreed on exchanging best practices and know-how in the area of R&D and information, support technology transfer and commercialisation of output”
The priority areas in the agreement include: 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.
Dahiru said the agreement is a huge success for Nigeria in terms of building the critical capacity in the areas of technology to attain the countries vision 20:20;20, noting that Czech is among the top 30 nations with the highest human development in the world. It possesses an advanced economy and in 2006 achieved the status of a developed country, according to the World Bank.
According to the MOU, The cooperative activities shall be on equal basis financially will include organization of study stays, educational activities and workshops or internships for experts f both parties
The agreement is for an initial period of five years which can then be renewed for another five years.
The Czech Republic ranks as the ninth-most peaceful country in Europe, while achieving the best performance in democratic governance and infant mortality in the region. It is a pluralist parliamentary representative democracy with membership in the European Union, NATO, the Council of Europe and the Visegrád Group.