The Retail Development and Investment Company (RDIC) has launched Nigeria's first indigenous, private-sector-driven research repository database. This platform aims to enhance the visibility, accessibility, and utilisation of locally generated research outputs while connecting academic work to industry needs.
Initiative Details
Speaking at a media briefing in Lagos, RDIC Chief Executive Officer Mr Ejimofor Akah announced the initiative called the 'Iwemi National Academic Research Innovation Challenge (INARIC)'. He stated that the project, in collaboration with Wema Bank, focuses on 10 strategic sectors critical to Nigeria's development: fintech, agriculture, healthcare, economic diversification (especially SME development), renewable energy, manufacturing, education technology, infrastructure, and digital innovation.
Prize and Submission
The platform will offer a N25 million prize to the top 10 research submissions for 2026. Winners will be selected based on originality, relevance to national challenges, and potential for commercialisation or policy impact. Submissions opened on June 1, 2026, via an online portal where researchers can upload their work and gain global visibility within minutes.
Mr Akah explained that the repository is indexed on major search engines and academic databases, attracting researchers from countries like China, India, and the UK. Beyond cash rewards, contributors benefit from global exposure, royalty earnings, career opportunities, and unrestricted access to their work. Owners of older research can submit hard copies for digitisation.
Importance of Originality
Prof. Olatokunbo Okiki, University of Lagos Librarian, emphasised that research must move beyond recycling ideas to generating new knowledge. He noted that originality is the foundation of knowledge advancement and urged researchers to address societal challenges such as insecurity, food security, healthcare, energy, and unemployment.
Prof. John Faloju, Head of Department of European Languages and Integration Studies at UNILAG, highlighted the need for strong partnerships to transform university research into practical solutions.
Call for Support
Mr Iheukwumere Amadi, Executive Director of the Iwemi project, called on institutions, corporate organisations, and foundations to support the initiative. He stressed that collaboration and funding are key to sustaining the platform, driving job creation, inspiring young researchers, and contributing to economic development.
