 govt ug sign mou to improve programmes allied to oil and gas sector govt ug sign mou to improve programmes allied to oil and gas sector govt ug sign mou to improve programmes allied to oil and gas sector webmaster mon 10302017 715 the ministry of natural resources the geology and mines commission ggmc and the university of guyana ug signed a memorandum of understanding mou for 100 million philanthropic education grant for the year 20172018 the grant will provide the university of guyana s faculty of technology with muchneeded equipment for its geology labs curriculum development training outreach and field research all linked to the emerging oil and gas sector it also provides specific allocations for all other faculties for studentcentered enhancements at the university of the total amount 55m 55 will be used for equipment and supplies to the faculty of technology s laboratories all of which will be pursued by the ggmc 15m 15 will be used for scholarships and training while 16m each 16 will go towards the improvements of classrooms and teaching facilities at the faculty of health earth and natural sciences humanities and social science and agriculture at the turkeyen and tain campuses and idce the sum of 7m 7 will go towards supporting the school for entrepreneurship and business innovation programme with emphasis on the natural resources sector and 7m 57 to support research curriculum review and development process marketing media and stakeholder consultations minister of natural resources raphael trotman who handed over the first tranche of the funds 45m to vice chancellor prof ivelaw griffith at the university of guyana turkeyen campus said that the government views the initiative as an investment in education and youth development the minister also noted that timeliness of the projects adding that it is a significant it represents a renewed and enhanced relationship with the ministry ggmc with the university of guyana even as the oil and gas sector develops further minister trotman stated that research is also needed in the gold and diamond mining sectors as they will not be neglected post2020 when oil production begins professor griffith explained that this is one of the university s most significant grants which has been negotiated over the last year with the ggmc griffith said that it is an investment by the government in the institution in an area critical to the nation s economy meanwhile ggmc commissioner noel dennison said that ggmc has a longstanding relationship with the ug he highlighted the fact that many of the commission s staff through scholarships have their education at the institution article adapted from  http ginagovgy govtugsignmoutoimproveprogrammesalliedtooilandgass  mou ministry of natural resources geology and mines commission oil gas 