Oil & Energy
Content Board Okays $50m R&D Intervention Fund

The Nigerian Content Development and Monitoring Board (NCDMB), has launched a $50 million intervention fund as part of efforts to deepen domestic research and development (R & D) activities in the Nigerian oil and gas industry.
Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, said the launch of the $50 million intervention fund was part of the board’s leadership drive for research development.
He noted that the intervention fund emphasised the commitment of the board and its understanding of the importance of research and development activities in optimizing the economic productivity of the country urging other stakeholders to contribute to the fund.
Wabote spoke 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 a R & D specialised centre in Yenagoa, Bayelsa State, with a model to convert ideas to products.
Minister of State for Petroleum Resources, Chief Timipre Sylva, lauded the board for the R & D initiative, describing it as a good start.
Sylva stated that R & D is a major pathway to job creation and the transformation of the nation from a resource-based to a knowledge-based economy.
Chief Sylva charged 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.
Highpoint of the engagement was the decoration of the NCDMB R & D lapel pin on Sylva by Wabote.
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Dangote Refinery Resumes Gantry Self-Collection Sales, Tuesday
This is revealed in an email communication from the Group Commercial Operations Department of the company, and obtained by Newsmen, at the Weekend.
The company explained that while gantry access is being reinstated, the free delivery service remains operational, with marketers encouraged to continue registering their outlets for direct supply at no additional cost.
The statement said “in reference to the earlier email communication on the suspension of the PMS self-collection gantry sales, please note that we will be resuming the self-collection gantry sales on the 23rd of September, 2025”.
Dangote Petroleum Refinery also apologised to its partners for any inconvenience the suspension may have caused, while assuring stakeholders of its commitment to improving efficiency and ensuring seamless supply.
“Meanwhile, please be informed that we are aggressively delivering on the free delivery scheme, and it is still open for registration. We encourage you to register your stations and pay for the product to be delivered directly to you for free. We sincerely apologise for any inconvenience this may cause and appreciate your understanding,” it added.
It would be recalled that in September 18, 2025, Dangote refinery had suspended gantry-based self-collection of petroleum products at its depot. The move was designed to accelerate the adoption of its Free Delivery Scheme, which guarantees direct shipments of petroleum products to registered retail outlets across Nigeria.
The refinery stressed that the earlier decision was an operational adjustment aimed at streamlining efficiency in the downstream supply chain.
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