NCDMB and NLNG Launch $9 Million Professorial Chair Endowment Programme in Six Universities

The Nigerian Content Development and Monitoring Board (NCDMB) and Nigeria LNG Limited (NLNG) have taken a significant step towards boosting academic research and development in the country. According to a report by Tribune Online, the two entities have launched a new endowment programme aimed at establishing professorial chairs in six Nigerian universities. The $9 million programme, which was launched on November 10, will see each university receive $1.5 million to fund the establishment of a professorial chair in fields related to oil and gas. The initiative is part of the NCDMB’s efforts to promote local content development and capacity building in the Nigerian oil and gas industry. The six universities that will benefit from the programme are the University of Port Harcourt, University of Benin, University of Lagos, University of Ibadan, University of Nigeria, Nsukka, and Obafemi Awolowo University, Ile-Ife. The NCDMB and NLNG have not yet disclosed the specific fields of study for the professorial chairs, but it is expected that they will be in areas such as petroleum engineering, geology, and environmental science. This move is expected to significantly boost academic research and development in these fields, as well as provide opportunities for students to gain practical experience in the oil and gas industry. The Nigerian oil and gas industry is a key contributor to the country’s economy, and initiatives such as this endowment programme are crucial in ensuring that the industry remains competitive and sustainable. The NCDMB and NLNG have not said when the facility began operating, but it is expected to have a positive impact on the Nigerian oil and gas sector in the long term.