NCDMD To Activate $50 Million R&D Fund For Institutes, Universities Wabote

Wabote institutes $50M R&D intervention fund, flags off Roadshow – Nigerian  Content Development & Monitoring Board

Yemisi Izuora

The Nigerian Content Development and Monitoring Board, NCDMB, is proposing a road show to create better awareness for tertiary institutions and research institutes to access its $50 million Research and Development intervention fund.

Simbi Wabote, Executive Secretary of the Agency, at a media engagement in Lagos yesterday to announce the 2nd edition of the Boards R&D Fair and Conference coming up in Bayelsa, said that in the light of the pivotal role of Research and Innovation in the development of indigenous technology, NCDMB has placed high premium on R&D oversight as a critical enabler in achieving the Board’s aspiration of 70 per cent local content by 2027.

This he said prompted the creation of $50 million Research and Development Fund which he regretted has not been undersubscribed to by stakeholders.

Wabote, said the NCDMB established in 2010 was mandated to develop the capacity of the local supply chain for effective and efficient service delivery in the oil and gas industry and slso promote value addition in Nigeria through enforcement of utilization of Nigerian-made goods, services, and manpower in oil and gas activities.

The Board he further said has the mandate to facilitate home-grown technology and innovation through the nurturing of local Research and Development (R&D) capabilities.

He noted that, “Section 67 of the NOGICD Act 2010, mandates the Board to conduct workshops, conferences, seminars, symposia, and other public fora to enhance the implementation of the provisions of the NOGICD Act 2010.

“We are therefore hosting the 2nd edition of the NCDMB R&D fair on September 9th 2021 in Yenagoa Bayelsa State to bring together industry stakeholders, academia, and researchers towards achieving a common agenda on R&D as a pillar for sustainable local content.

The maiden edition of the R&D Fair was organized in 2017 where Research breakthroughs were exhibited, and linkages were facilitated between Researchers and end-users in the Oil and Gas Industry.

Since the successful hosting of the maiden edition, significant progress has been made in elevating the industry collaboration on R&D, including, Wabote stated.

He said that after the successful first outing the Board was able to establish the Nigerian Content Research and Development Council with a mandate to advise it on matters relating to research and development in the oil and gas industry.

The Agency also, developed the R&D 10 Year Strategic Road Map, which will be launched during the 2021 R&D Fair as well as development of frameworks for supporting research breakthroughs to products for industry application.

Over 20 Researchers are expected to benef from the Board’s intervention.

It has also inaugurated a Technical Advisory Board on Nigerian content Research and Development Fund.

To ensure effective utilisation of the Fund, Wabote said the Board would be signing Memorandum of understanding, MOU to establish R&D Centers of Excellence in five universities which include the Federal Universities of Technology in Minna, Akure and Owerri, Niger Delta University Amasoma and Modibbo Adama University of Technology Yola.

The Executive Secretary said the Board has concluded plans to host the 2nd edition of the NCDMB Research and Development Fair and Conference with the theme: “Creating Sustainable Collaboration in Research and Development for the Energy Sector”, through hybrid participation in compliance with COVID-19 protocols.

The event 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

The Minister of State for Petroleum Resources has confirmed his attendance and will be launching the NCDMB 10-year R&D roadmap as well as commission the Technology Innovation and Incubation center established by the Board to facilitate innovation and incubation of ideas for market adoption.

The Minister will also launch the $50 Million R&D Fund utilization protocol

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