NCDMB Holds Innovation Spotlight Webinar for Nigeria’s O&G Industry

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As part of the efforts geared towards ensuring that Nigerian oil and gas industry is adequately equipped to navigate the challenges and uncertainties thrown up by the Coronavirus, the Nigerian Content Development and Monitoring Board (NCDMB) will on Friday, April 15 hold a webinar with a theme “Innovating for the Future of Nigeria’s Oil and Gas Industry”.

The Board said given the recent happenings ranging from a pandemic to a global slump in oil price, the topic of innovation has become very paramount to the Nigerian Oil and Gas.

On its Twitter handle @officialncdmb, the Board hinted that the Executive Secretary of the NCDMB, Engr Simbi Wabote will host the innovation spotlight webinar this Friday, April 15 by 4pm.

“It’s happening this Friday by 4pm. Engr @wabote_simbi FNSE will host an Innovation Spotlight Webinar tagged “Innovating for the Future of Nigeria’s Oil and Gas Industry.

“You can’t afford to miss this. Register now https://zoom.us/webinar/register/WN_8rLRfBusQkKd9XQhv2FTVQ…

It said “over the years, key sectors of the local economy have witnessed the opportunities that digital technology innovation can unlock. The advent of young technology innovators in the financial services space, ushered in an era of financial technology (Fintech) services for the nation. This same trend has also been observed in many other industries including health (Healthtech), education (Edtech), and Insurtech.

“With recent happenings ranging from a pandemic to a global slump in oil price, the topic of innovation has become very paramount to the Nigerian Oil and Gas Industry.

“At this Webinar, the Nigerian Content Development and Monitoring Board will share its perspectives and plans regarding innovation and digital technology development for the industry.

“At this session, other industry stakeholders will also share insights about opportunities in the industry for innovation, and what they are currently doing in their various capacities. May 15, 2020 04:00 PM in West Central Africa.”

Speaking during a recent webinar organised by the Oil and Gas Trainers Association of Nigeria (OGTAN), the Executive Secretary of NCDMB bemoaned the twin challenge of COVID-19 pandemic and low price of crude oil and warned that it might remain for a considerable time.

Wabote noted that the impact of the COVID-19 and the slump in the oil prices would also usher in some new opportunities. Speaking on the need for the industry to embrace and adopt necessary innovation that would enable it navigate the current phase, he said that most oil and gas training would likely take place in virtual classrooms and would require virtual machines, simulators and dongles.

Also, the CBN Governor, Godwin Emefiele in a document, titled ‘Turning The COVID-19 Tragedy into an Opportunity for a New Nigeria’, stated that no one knows what the world will look like after the pandemic. Adding that it is quite important for Nigeria to look inwards for solutions.

The global spread of COVID-19 ushered in a new normal – companies shifting from on-site work to working from home and relying on remote work tools now more than ever. The changes are part of the effort by businesses to maintain business continuity.

Through the power of technology, many organisations and teams have deployed innovative technology in organising their businesses and activities.

Peace Obi


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