Abstract

This paper examines the problems confronting Nigeria as a nation and the contributions of science and technology to the economy. We observe that effective science and technology policies are crucial in advancing Nigeria economically, socially and politically given the varieties of challenges facing the largest populated nation in Africa. Alternate sources of energy to alleviate the inadequacy of electricity supply in Nigeria are suggested base on availability of needed local resources. Unemployment should be reduced through provision of soft credit loans to small scale investments and informal sectors of the economy. There should be an appreciable investment in the non-oil and agricultural sector to boost the economy. The commitment to sustainable monetary and fiscal policies and human capital development are identified as key driving factors of the Nigerian economy.

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