FG to set up Oil & Gas Equipment Machinery Devt Institute in Bayelsa - BLUE VOICE RADIO

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FG to set up Oil & Gas Equipment Machinery Devt Institute in Bayelsa

FG to set up Oil & Gas Equipment Machinery Devt Institute in Bayelsa

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By Emem Idio
YENAGOA —MINISTER of Science and Technology, Dr Ogbonnaya Onu, has
said that plans were underway by the Federal Government to establish an Oil
and Gas Equipment and Machinery Development Institute in Yenagoa, Bayelsa
State, as part of efforts by the current administration to move the economy
from resource to knowledge based economy.
Dr Onu, who disclosed this during a courtesy call to the Bayelsa State
governor, Mr Seriake Dickson at Government House, Yenagoa, yesterday,
hinted that construction work will begin next year and solicited the support
and cooperation of the state government particularly in the provision of
suitable site to make the project a reality.
According to the minister, the decision to select Bayelsa State as the site of
the institute stems from the fact that the state had made important
contributions in the oil and gas industry, noting that the institute develop
skills in the oil and gas sector as well as create jobs and wealth, adding that
the products of the research will invigorate the economy of the state in
particular and the country at large.
He said, “We need to have capacity in areas such as this in order to develop,
this has become important because the Ministry of Science and Technology is
working hard in line with the policies of the President Muhammadu Buhari
administration to move the country way from the direction of resources based
economy to knowledge based economy that is also innovative based and we
need to build capacity if we have to do so.
“We need to develop the capacity so that all the things we need can be
produce locally. for example, it doesn’t make sense at all that we produce
crude oil and then import refine product, so this institute will help us develop
the capacity and the appropriate technology for oil and gas exploration
“That is why the Oil and Gas Equipment and Machinery Institute is very
important to the economy of our country because the research and
innovation work that will come out of it will now be made available to small,
medium and large scale entrepreneurs and enterprises that can now mass
produces them so that we can be in a position to now meet our needs locally
and export to other countries.”

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