“The intervention fund has all-in single digit interest rate of 8 per cent for loans extended to Nigerian oil and gas service providers and all-in single digit interest rate of 5 per cent for loans extended to community contractors,” he stated.
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“You can see that debt is almost paid. That and all the regulations being put in place as highlighted by the Nigeria Electricity Regulation Commission are part of government’s commitment to its Power Sector Recovery Programme,” he noted.
Malami said he would order an immediate investigation and also ensure that all ongoing investigations about the payments and sharing of the accrued revenue to the affected communities are accorded due attention.
This was disclosed in a report obtained from the NBS website, which showed that the price of petrol increased to N146 in October from N144.5 in September 2017.
“This plan, akin to the Saudi Arabian government’s economic diversification plan, should include a clear strategy with interlinked policies, trade, industrial, fiscal and far reaching structural and governance reforms of the NNPC that could include partial privatization”
Mupwaya said it was important to address the issue of electricity theft, given its significant effect to the transformation of the electricity industry in the country.
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This latest threat is coming a week after the notorious militant group, the Niger Delta Avengers threatened an end to the ceasefire agreement it entered with the Federal government last November, and the resumption of violence in the region.
Mkpoikana Udoma 16 November 2017, Sweetcrude, Port Harcourt — The Movement for the Survival of the Ogoni People, MOSOP, has…
16 November 2017, Sweetcrude, Vienna, Austria — The price of OPEC basket of fourteen crudes stood at $59.79 a barrel…
