The Nigerian Content Development and Monitoring Board (NCDMB) and Dangote Oil Refinery have cooperated to enhance research and development in the country’s oil and gas sector.
Simbi Wabote, Executive Secretary of the Board, paid a visit to the Dangote Oil Refinery exhibition stand at the NCDMB Research & Development fair and conference 2021 and praised the company for expressing support for the board by participating in the fair.
In collaboration with NCDMB, Dangote Oil Refinery has already picked six graduates from across the six geopolitical zones to pursue MSc and/or PhD programs in Zeolites ZM5 at Ahmadu Bello University, Zaria.
The conference, titled ‘Creating sustainable collaboration in research and development for the energy sector, brought together researchers, industry participants, investors, finance firms, and manufacturing firms to uncover patentable or commercially viable items as a result of R&D operations.
Wabote stressed the importance for enterprises in the Nigerian oil and gas sector to begin nurturing the development of the country’s own technology rather than simply being consumers of other people’s inventions.
Analysis of global practices of Research and Development revealed that the combined R&D spend of just five countries makes up 63.5 per cent of the entire global R&D spend”, he said in his opening remarks. These five countries, namely the United States, China, Japan, Germany, and India, were also found to account for more than half of world GDP.
Africa, on the other hand, accounted for less than one per cent of the global R&D spend, while its GDP is only three per cent of the global GDP. You will agree with me that there is a nexus between the spend on Research and Development and economic prosperity,” the Executive Secretary added.
The minister, who was represented by the Permanent Secretary, Nasir Sani-Gwarzo, also encouraged industry stakeholders and youths across the country to use the NCDMB R&D centre to improve existing solutions and develop new ones to meet critical industry concerns.
The theme for the fair captures stakeholders’ collective commitment to aggressively drive innovation and position the oil industry on the path of an integrated energy sector, where field development and production solutions are sourced through local capabilities, according to Bayelsa State Governor Douye Diri, who was represented by his deputy, Lawrence Ewhrudjakpo.
It is important that the private sector investment in research and development.“It is important, however, to clear up a certain misconception: The funding of research is not the sole responsibility of National Governments; rather, big spenders on research and development globally come from the private sector,” he noted.