Managing Director, Bank of Industry (BoI), Rasheed Olaoluwa ; and President, Nigeria Academy of Engineering, Professor Raifu Salawu during a courtesy visit of members of the academy to the bank in Lagos, on MondayFOR Nigerian industrial firms to surmount some of their technological challenges as well as reduce dependence on importation of machinery and technology transfer, the Bank of Industry has urged stakeholders to promote reverse engineering culture as a viable alternative.
According to the bank, over-dependence on technology transfer or importation of industrial machines would further limit the country's potential of developing local competencies and industrialization.
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