Minister of state for Petroleum Resources, Chief Timipre Sylva, will Thursday launch the $50million Research and Development Fund utilisation protocol in the nation’s oil and gas industry.
He will be launching the Nigerian Content Development and Monitoring Board (NCDMB’s)10-year Research and Development roadmap as well as commissioning the Technology Innovation and Incubation center established by the Board to facilitate innovation and incubation of ideas for market adoption.
The theme of the fair is “Creating Sustainable Collaboration in Research and Development for the Energy Sector,” and will feature presentation of Research breakthroughs, panel discussion on R&D pillars of success and a special feature on how Nigeria can adopt a sustainable acceleration program for launching innovative ideas into the market
Wabote recalled that the maiden edition of the R&D Fair was organised in 2017 where Research breakthroughs were exhibited, and linkages were facilitated between Researchers and end-users in the Oil and Gas Industry.
According to him, “since the successful hosting of the maiden edition, significant progress has been made in elevating the industry collaboration on R&D, including: establishment of Nigerian Content Research and Development Council with a mandate to advise the Board on matters relating to research and development in the oil and gas industry as well as development of R&D 10-Year Strategic Road Map.”
SOURCE: TheCable
