The Minister of State for Petroleum Resources, Chief Timipre Sylva, will next week launch the oil and gas Research and Development (R&D) Fund Utilisation Protocol put in place by the Nigerian Content Development and Monitoring Fund (NCDMB).
Sylva will also inaugurate the R&D 10-Year Strategic Roadmap as well as the Technology Innovation and Incubation center established by the NCDMB to facilitate innovation and incubation of ideas for market adoption.
The minister will be performing the three functions at the second edition of the NCDMB’s R&D Fair and Conference slated for September 9, 2021 in Yenagoa, Bayelsa State, with the theme, “Creating Sustainable Collaboration in Research and Development for the Energy Sector.” The Executive Secretary of NCDMB, Mr. Simbi Wabote, disclosed this in Lagos at a press conference to herald the upcoming R&D fair and conference.
He said the R&D fair was intended to bring together industry stakeholders, academia, and researchers towards achieving a common agenda on R&D as a pillar for sustainable local content.
Wabote added that the maiden edition of the fair organized in 2017 witnessed exhibition of research breakthroughs and facilitation of linkages between researchers and end-users in the oil and gas Industry.
