Lagos, 12 April 2009 – Minister of Science and Technology, Dr Bako Zaku, on Thursday in Abuja, said $500 billion (about N72.3 trillion) was realised from the sale of biotechnology products every year worldwide.
He made the announcement at the launch of the third Open Forum on Agricultural Biotechnology in Africa, organised by the National Biotechnology Development Agency (NABDA).
Zaku, who spoke on the theme, "Biotechnology and its application in Agriculture", said there were 4,000 biotechnology firms in the world, adding that 50 per cent of them were in Europe, 30 per cent in the U.S., and 20 per cent in Asia. – Visit OFAB site for full article |
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