Sturgeon wants this referendum to be held between the second half of 2018 and first half of 2019 for Scotland to be able to have a say over its relationship with the European Union (EU) post-Brexit.
If it gets parliamentary approval, this will be the second such Scottish independence referendum after 2014, when the region had voted to remain part of the UK.
"I will take the steps necessary now to make sure that Scotland will have a choice at the end of this process. A choice of whether to follow the UK to a hard Brexit, or to become an independent country able to secure a real partnership of equals with the rest of the UK and our own relationship with Europe," Sturgeon said from her official Bute House residence in the Scottish capital of Edinburgh.
"Another referendum would be divisive and cause huge economic uncertainty at the worst possible time," he said, adding that the government had been working closely with all the devolved administrations.
Also Read
"Only a little over two years ago people in Scotland voted decisively to remain part of our UK in a referendum which the Scottish government defined as a 'once in a generation' vote. The evidence clearly shows that a majority of people in Scotland do not want a second independence referendum," he noted.
Scotland, in contrast to the rest of the UK, had voted to remain in the European Union (EU) in last June's referendum.
Sturgeon will seek Scottish Parliament's permission to request a Section 30 order from the Westminster government next week, which will allow a fresh legally-binding referendum to be held once consent is granted.
Her speech came ahead of a debate in the House of Commons where MPs will considerthe Article 50 bill later today.
Sturgeon believes she can win a second independence referendum this time around because of the implications of Brexit for the country and to resist being forcibly taken out of the EU single market.
"I have been genuine and sincere about trying to reach a compromise agreement with the UK government. We have not met with a Government and a Prime Minister who is willing to meet us half way on that... They have moved away from compromise with language that has appeared to become harder and harder," said Sturgeon.
Disclaimer: No Business Standard Journalist was involved in creation of this content