The National Board for Technology Incubation (NBTI) of Nigeria has unveiled its innovative model for transforming grassroots innovation into globally competitive enterprises, with 56 Commonwealth member nations set to adopt the framework.
The NBTI model, showcased at the Nigerian High Commission in London, has been hailed as a game-changer for driving inclusive growth, creating employment opportunities, and diversifying economies across the Commonwealth.
According to Dr. Kazeem Kolawole Raji, Director-General of NBTI, the model has been proven to turn local innovation into globally competitive enterprises, and is aligned with the Commonwealth Secretariat’s Strategic Plan 2025-2030 and the C-RISE Framework.
The Commonwealth Investment Network (CIN) will support the replication of NBTI’s success across member states, providing technical assistance, knowledge exchange, and private-sector linkages.
The implementation plan includes a three-pillar strategy: connecting innovation ecosystems, mobilizing finance and skills, and ensuring inclusive participation.
The initiative is expected to be showcased at the Commonwealth Heads of Government Meeting (CHOGM) in Antigua and Barbuda in 2026.
Nigerian innovators have already showcased their talents at the NextGen Innovation Challenge 2025 Grand Finale in London, demonstrating the country’s potential for innovation and entrepreneurship.
The NBTI model is seen as a beacon of hope for transforming the Commonwealth economies, and Nigeria is committed to sharing its experience and expertise to drive innovation and investment across the region.
