The Nigerian Content Development and Monitoring Board (NCDMB) said the oil and gas industry would adopt and leverage associated opportunities should artificial intelligence (AI) disrupt the sector.
Executive Secretary of NCDMB, Simbi Wabote, speaking in Abuja, stated that instead of fighting changes that may come with AI in the oil and gas sector, industry players, especially in Nigeria, should prepare ahead and take advantage of technological disruption.
Wabote noted that the fourth edition of the Nigerian Oil and Gas Opportunity Fair 2023 would explore such emerging opportunities in the oil and gas industry, linkage sectors as well as the entire African continent. On the expansion of 2023 NOGOF to linkage sectors and countries, the Executive Secretary explained that the oil and gas industry has the potential to catalyze industrialization and promote economic growth across sectors, not just in Nigeria, but across the continent. “We hope to stimulate investment, foster technology transfer, and enhance local content development across the African oil and gas value chain,” he added.
The Executive Secretary further stated that the ideas for hosting NOGOF 2023 are “aligned with the key objectives of the Nigerian Oil and Gas Industry Content Development Act 2010 Act, which mandates the NCDMB to support the development of local capacities and capabilities in the Nigerian oil and gas industry, foster institutional collaboration, maximize participation of Nigerians in oil and gas activities, link the oil and gas sector to other sectors of the economy, maximize utilization of...
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