Onome Amuge
The Nigeria Vietnam Chamber of Commerce and Industry (NVCCI) and the University of Lagos (UNILAG) have joined forces in a ground-breaking partnership aimed at revolutionising the production of microchips and semiconductors in Nigeria.
The partnership’s far-reaching impact will extend beyond the immediate benefits of microchip and semiconductor production as it is set to have a transformative effect on the technological landscape of the country, and boost the economy through increased productivity, innovation and job creation. The project is also expected to create a wealth of new job opportunities, both within the manufacturing industry and in the supply chain. This will in turn boost the nation’s foreign exchange earnings
The NVCCI has applauded the powerful synergy created by the partnership, bringing together the academic excellence of UNILAG with the industry expertise of NVCCI. The Chamber, in a statement, noted that the union of these two forces is a truly innovative and unique collaboration, which has the potential to transform the landscape of both the academic and industrial sectors
As explained by the Chamber, the purpose of the partnership is to build a state-of-the-art facility that will drive research, development and production of microchips and semiconductors. These microchips and semiconductors are a fundamental component of the modern world, and play a critical role in the functioning of smartphones, computers, vehicles, and a multitude of other products.
In addition to its economic impact, the initiative is expected to create a significant number of high-skilled jobs, from engineers to technicians. These highly trained professionals will form the backbone of a cutting-edge workforce that will play a pivotal role in shaping the future of technology.
The NVCCI argues that by producing microchips and semiconductors within Nigeria, the country will be able to reduce its reliance on foreign suppliers, and as a result, its vulnerability to fluctuations in foreign exchange rates. This will strengthen the local supply chain, improve the resilience of the economy, and increase the nation’s capacity for self-reliance.
“Microchips are the unsung heroes of our interconnected world. They power our devices, enable seamless communication, and drive progress. As global demand surges, this partnership ensures that our nations , Nigeria and Vietnam, benefit mutually by remaining at the forefront of this technological revolution,” it stated.
Oye Akinsemoyin, president of NVCCI, during a courtesy call visit to Ismael Ibrahim, the director of international partnerships, UNILAG, to cement the initiative, said; “This partnership transcends boundaries. Together, we’ll propel our economy forward, creating a legacy of innovation.”
Commenting on the significance of the partnership,the UNILAG director of international partnership, stated, “Today marks a pivotal moment, a fusion of academia and industry. Our students will engage in ground breaking research, and our graduates will shape the digital landscape.”
