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R&D: Reps mandate petroleum ministry, PTDF, NCDMB to give 2% budget to FUP

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By Levinus Nwabughiogu
ABUJA—HOUSE of  Representatives, yesterday, mandated the  Federal Ministry of Petroleum Resources to henceforth cede two percent of its budget starting with the current year to the Federal University of Petroleum Resources, Effurun, Delta State to boost research development in the Oil and Gas Industry.

House of Rep members

Other relevant government agencies mandated for the same purpose include the Petroleum Technology Development Fund, PTDF and Nigerian Content Development and Board, NCDMB.

The House reached the decision at plenary after considering a motion by Mr Reyenieju Daniel.

Moving the motion, Daniel said that the University lacked funds to conduct researches that would impact positively on the oil and gas industry, noting that “The Federal University of Petroleum Resources which is the first in Africa and sixth in the world was set up with the core mandate of producing skilled personnel with the capability to understand, use and adapt existing technology, improve on and develop new ones.”

According to him, “Section 9 (2), (3) and (4) of the Federal University of Petroleum Resources (Establishment) Act 2017 provides as follows;

“(2) The Federal Ministry of Petroleum Resources, PTDF and  NCDMB shall provide two per cent of their annual budgets for research programmes in petroleum technology and facilities in the university, while the PTDF shall contribute at least two per cent of its gross revenues for the academic and infrastructural development of the university and the general fund shall be applied for the purpose of the university.”

Adopting the motion, the House mandated its  Committees on Petroleum Resources (Upstream), Tertiary Education and Services, Finance and Local Content to ensure that the affected agencies complied to the resolution.

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