Nigeria and other African countries must close the scientific and technological gap they have with the rest of the world for the African Continental Free Trade Area to succeed.
Gurib-Fakim said, “Only 0.1 per cent of all patent applications are registered in Africa, compared to 65 per cent in Asia and 25 per cent in North America. Africa is also responsible for only two per cent of the world’s research output and one per cent of research spending. She wondered how a continent with the largest share of arable land and the youngest population, that fueled all of the world’s industrial revolution, helped drive the mobile phone industry, and at the cusp of supporting the world’s energy transition to greener technology with a large store of rare earth deposits could accept “such dismal statistics”.
“The consequences of that deficit have been significant and include continued reliance on the colonial model of resource extraction largely responsible for the debilitating poverty trap and aid dependence trap.”
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