The Petroleum Technology Development Fund (FUND) says it will review its programme in line with the views of the present administration.
This is contained in a statement issued in Abuja by Mr Kalu Otisi, Head Media and Public Relations.
The fund said the review was imperative considering the reality of global challenges in the oil and gas industry particularly the low price environment.
The statement said that the Acting Executive Secretary, PTDF, Mr Ahmed Galadima, proposed a holistic review of the fund.
It quoted Galadima as saying that the fund needed to streamline its activities by identifying and focusing on key areas of priority that were within its mandate and financial capacity.
It said the executive secretary had also inaugurated a committee and urged its members to provide the right level of manpower support to the Nigerian oil and gas industry.
The statement said that he advised the committee to come out with innovations that would help to adjust and respond to the current realities of dwindling financial resources.
“It is therefore imperative that we critically examine PTDF role in projects, interventions, collaborations, vocational and non-vocational training and research programme and refocus them in the direction that will have an immediate impact in the oil and gas industry.
“The new thinking will be tailored towards meeting the government’s economic growth prospects and proffering solutions to the present and anticipated challenges in oil and gas industry through human capital development,’’ the statement said.(NAN)