• Latest
  • Trending
  • All
  • News
  • Business
  • Politics
  • Science
  • World
  • Lifestyle
  • Tech
Oil and gas Nigeria

NCDMB launches US $50m R&D fund to improve Nigerian oil and gas industry

March 27, 2020
Health and Safety in African Mining

Health and Safety in African Mining

June 9, 2023
Shareholders Plan Legal Action Against Mining Company For Unethical Chrome Sale

Shareholders Plan Legal Action Against Mining Company For Unethical Chrome Sale

April 29, 2023
advertisement
ADVERTISEMENT
B.E.D. Cape Town Branch: Consistency, Customer Service and Teamwork

B.E.D. Cape Town Branch: Consistency, Customer Service and Teamwork

April 29, 2023
Armcoil and Schneider Electric Partner to Deliver SKID Substations to Prominent Mining Group

Armcoil and Schneider Electric Partner to Deliver SKID Substations to Prominent Mining Group

April 29, 2023
Zest WEG’s Expanded Middelburg Branch – Improving Services and Delivery for Customers

Zest WEG’s Expanded Middelburg Branch – Improving Services and Delivery for Customers

April 29, 2023
Clear Gear™ Lubricant Sets a New Benchmark for Reliability in Mining

Clear Gear™ Lubricant Sets a New Benchmark for Reliability in Mining

April 30, 2023
The Agreement to Sell Three of Sappi’s European Graphic Paper Mills to the Aurelius Group Lapses

The Agreement to Sell Three of Sappi’s European Graphic Paper Mills to the Aurelius Group Lapses

April 29, 2023
One Platform to Rule All: Guanajuato Silver Selects Micromine

One Platform to Rule All: Guanajuato Silver Selects Micromine

April 29, 2023
Unlocking Value From Data To Drive Better Business Results

Unlocking Value From Data To Drive Better Business Results

June 6, 2023
Global Energy Leaders Named in Africa Oil Week Advisory Committee

Global Energy Leaders Named in Africa Oil Week Advisory Committee

April 29, 2023
Sappi’s Platinum Sustainability Status Is Once Again Verified by EcoVadis

Sappi’s Platinum Sustainability Status Is Once Again Verified by EcoVadis

April 25, 2023
Rosond Appoints Geotechnical Project Coordinator

Rosond Appoints Geotechnical Project Coordinator

April 25, 2023
  • African Mining Brief
  • Magazine Archive
  • Contacts
Saturday, June 10, 2023
African Mining Brief
No Result
View All Result
  • Login
  • Home
  • News
  • Events
  • Industry
  • People
  • Projects
  • Press Releases
  • Magazine Archive
MAGAZINE ARCHIVE
ADVERTISE
  • Home
  • News
  • Events
  • Industry
  • People
  • Projects
  • Press Releases
  • Magazine Archive
No Result
View All Result
African Mining Brief
No Result
View All Result
  • Home
  • News
  • Events
  • Industry
  • People
  • Projects
  • Press Releases
  • Magazine Archive
Home News

NCDMB launches US $50m R&D fund to improve Nigerian oil and gas industry

by Dennis Ayemba
March 27, 2020
in News, Nigeria, Oil & Gas
0
Oil and gas Nigeria
497
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

The Nigerian Content Development and Monitoring Board (NCDMB), has launched a US $50m intervention fund as part of efforts to deepen domestic research and development (R&D) activities in the oil and gas industry in Nigeria. The Executive Secretary, Simbi Wabote, said the launch of the intervention fund is part of the board’s leadership drive for research development.

“The intervention fund emphases the commitment of the board and its understanding of the importance of research and development activities in optimizing the economic productivity of the country. We therefore urge other stakeholders to contribute to the fund,” he said.

Read: Coronavirus – Low Crude Oil Prices May Force Nigeria to Abandon Production

Importance of Research and Development

Minister of State for Petroleum Resources, Chief Timipre Sylva, lauded the board for the R&D initiative, describing it as a good start. “R&D is a major pathway to job creation and the transformation of the nation from a resource-based to a knowledge-based economy,” he said.

He further urged the industry to collaborate more with the academia to bring about home grown solutions to the nation’s problems. He noted that the issue of climate change is a problem of carbon emission, not necessarily transition to renewables, hence, the industry should research into how it can reduce the carbon emission from oil exploration activities as the nation has far too long allowed other climes to dictate the narrative for Nigeria.

The ES was speaking during the flag-off of the board’s Research and Development Fair and Conference Roadshow in Abuja. He outlined the achievements of the maiden edition of the R & D Fair in 2017, noting that the board intends to develop an R&D specialised centre in Yenagoa, Bayelsa State, with a model to convert ideas to products.

Tags: NCDMBSimbi WaboteTimipre Sylva
Share199Tweet124
Dennis Ayemba

Dennis Ayemba

Jan - March 2023 Magazine

Health and Safety in African Mining

Health and Safety in African Mining

June 9, 2023
Shareholders Plan Legal Action Against Mining Company For Unethical Chrome Sale

Shareholders Plan Legal Action Against Mining Company For Unethical Chrome Sale

April 29, 2023
B.E.D. Cape Town Branch: Consistency, Customer Service and Teamwork

B.E.D. Cape Town Branch: Consistency, Customer Service and Teamwork

April 29, 2023

Trending News

  • Business Maverick Zunaid Moti Announces Departure from Moti Group

    Business Maverick Zunaid Moti Announces Departure from Moti Group

    1056 shares
    Share 422 Tweet 264
  • Scraper Winch

    692 shares
    Share 277 Tweet 173
  • Thyssenkrupp Uhde Expertise Extends the Life of Ammonia Tanks

    636 shares
    Share 254 Tweet 159
  • Slope Stability

    618 shares
    Share 247 Tweet 155
  • Underground Support Systems

    599 shares
    Share 240 Tweet 150
  • Another successful turnkey modular construction and transit solution from thyssenkrupp Uhde delivered to a key customer

    597 shares
    Share 239 Tweet 149
  • African Mining Brief
  • Magazine Archive
  • Contacts

© 2023 African Mining Brief I All Rights Reserved Powered by Clivo.

No Result
View All Result
  • Home
  • News
  • Events
  • Industry
  • People
  • Projects
  • Press Releases
  • Magazine Archive

© 2023 African Mining Brief I All Rights Reserved Powered by Clivo.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In