The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, has inaugurated the Nigerian Content Research and Development Council (NCRDC).
The Council is expected to advise the Nigerian Content Development and Monitoring Board (NCDMB) on matters relating to research, development and innovation strategy for the oil and gas industry. Inaugurating the council, Kachikwu commended NCDMB for accomplishing the commitment it made at the 2017 Research and Development Fair. He described the R&D council as a timely innovation that would deepen the achievements recorded in Nigerian content implementation.
The Council’s terms of reference are to “advise the board on criteria and methodology for prioritising market cum demand-driven research projects, advise the board on the appropriate strategies and governance arrangements to attract funding for research projects and advise the board on criteria for the award of research grants and review progress on impact of such grants on research projects, product development and innovation.”