With respect to traditional knowledge, and other crucial components of a distinctively Indian “knowledge economy”, the policy assumes that monetisation is the goal of social action. But monetisation is only one aspect of the successful employment of a nation’s stock of past and present inventions, and not the most important.

Don’t confuse patents with innovation

The Minister of Science and Technology, Dr Ogbonnaya Onu, said Nigerians would soon have reasons to celebrate, following ongoing efforts to transform Nigeria from a resource based to a knowledge economy.

Nigeria to transform from a resource base to knowledge based economy — Onu