Dangote Refinery has announced a partnership with the Nigerian Content Development and Monitoring Board (NCDMB) for the purpose of promoting research and development in Nigeria’s oil and gas industry.
This was contained in a statement from the firm, which said Dangote refinery was a platinum sponsor of the second edition of the NCDMB Research and Development Fair and Conference 2021 in a bid to show its commitment to the project.
The statement noted that Dangote refinery was able to showcase its 650,000 barrel per day project and the research and development activities it had carried out during the construction of the refinery at the fair.
The Executive Secretary of NCDMB, Simbi Wabote, who commended the company’s support for the fair expressed the need for companies in the Nigeria oil and gas sector to start promoting the growth of the country’s home-grown technology rather than wholesomely consuming other people’s innovations.
Wabote said, “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. These five countries, namely USA, China, Japan, Germany, and India were also observed to have accounted for over 50 per cent of the global Gross Domestic Product.
“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 minister of Petroleum resources, represented by the Permanent Secretary, Nasir Sani-Gwarzo, also called on industry stakeholders and youths nationwide to take advantage of the NCDMB R&D centre to strengthen the adaptation of existing solutions and also come up with new ones in order to address major challenges in the industry.
The Bayelsa State Governor, Douye Diri, represented by his deputy, Lawrence Ewhrudjakpo was also quoted as saying that “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.
“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.”