- September 9, 2021
- Posted by: adminer
- Category: Social Economic, Technology/ICT
The Federal Government has inaugurated the Nigeria Content Development and Monitoring Board (NCDMB) Research and Development (R&D) 10-year Roadmap to enhance technology development in the country.
Chief Timipre Sylva, Minister of State for Petroleum Resources inaugurated the roadmap at the 2nd NCDMB Research Development Fair and Conference in Bayelsa, on Thursday.
The theme of the conference is “Creating Sustainable collaboration in Research and Development for Energy Industry and its Linkage Sector’’
He said that Research and Development remained key to economic development of any country.
“I am delighted to formally launch the NCDMB 10-year R&D Roadmap.
“The Roadmap is anchored on eight success pillars – funding, infrastructure, capability, commercial framework, collaboration, governance, legal framework and enforcement.
“ The eight success pillars collectively implemented will no doubt position our industry on the path of sustainable assimilation of products of Research in oil and gas operations,’’ he said
Represented by the Permanent Secretary, Dr Nasir Sani-Gwarzo, he said that beyond financial intervention, the industry must challenge the local academia with its research problems, to ensure the development of homegrown technology and the retention of oil and gas spend in the economy.
He said that this challenge would be taken seriously by the Nigerian National Petroleum Corporation (NNPC) and its Joint Venture Partners especially with preparation to unveil a reformed oil and gas industry that is driven by efficiency, innovation and independence as encapsulated in the Petroleum Industry Act of 2021.
“The Petroleum Industry Act has introduced a governance framework for the industry with clear delineation of roles between regulation and profit-centric business units.
“The Act contains fiscal incentives to attract investment in gas development and local refining, it also provides exceptional care for host communities and future energy security through dedicated funding of frontier basins, renewable energy development and local content.
“The evolving reality is a pointer for stakeholders to begin to look inward and gravitate towards research and development endeavors capable of granting them technological and strategic competitive advantage,’’ he added