Ike Amos Abuja — The going concern status of the Nigerian National Petroleum Corporation (NNPC) is currently at risk, according…
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There had been controversies whether all the banks actually complied fully with the directive following discoveries last week that about seven banks had yet to remit a total sum of $793m being government funds into the TSA.
“It is therefore sad and distressing that in spite of all that I tried to do in the best interest of our nation, I continue to be faced with constant demonisation, unproven accusations and deeply personal insults.”
State governments that fail to implement the action plans, as stated, would be taken off the facility with immediate effect.
Even with all the anticipated positive impact of the Petroleum Industry Bill (PIB) on the oil and gas sector of the economy, it has remained mired in inexplicable stalemate, unable to find its way back to the legislature from the executive to which it was returned in 2014.
Bredenhann said the complexities and challenges facing Africa’s oil and gas industry had become daunting.
The PwC report titled ‘Electricity beyond the grid: accelerating access to sustainable power for all’, says a new approach is needed that better recognises the part that off-grid technology can play, adding that new approaches to beyond the grid electrification need to be adapted to achieve the UN 2030 target of electricity for all.
The report titled, ‘Electricity Beyond the Grid: Accelerating Access to Sustainable Power for All’, which was released on Tuesday, says a new approach is needed that better recognises the part that off-grid technology can play in the expansion of power to rural communities.
On the lingering controversy over NNPC’s transfer of the oil blocks; OMLs 26, 30, 34, 42 4, 38 and 41, Rasak said, “We in the new management team of NNPC have reviewed that transaction and totally agree with NEITI that the transaction was not transparent and should be investigated.”
The report noted that the transition to a non-oil economy will not be an easy task, considering the lingering four concerns bordering on the business environment—corruption, inadequate infrastructure, low skill levels, and macroeconomic uncertainty.
