He said, “The Senate notes that the protracted power shortages in the northern part of the country have led to the shutdown of the industrial sector in the region. It also notes that lack of gas pipelines from the southern part to the northern part of the country has hindered power generation by the 215MW Kaduna power plant.”
“The foreign exchange requirement for importation of petroleum products is estimated at $28bn (N3.35tn) annually, with 40 per cent of the total amount (N1.34tn) dedicated to financing the logistics of importation,” Kachikwu said.
The member representing Ajaokuta federal constituency said in the last two years, he had raised motions on the need to avoid the sale of the steel company, adding that he had also presented a motion on the need for the federal government to renegotiate the completion of the steel company with its original builders.
The bill provides that the benefits to be derived by non-oil communities will be less than those for communities where oil exploration and production take place.
16 June 2017, Yenagoa, Nigeria — Striking self-assurance, a penchant for hyperbole and a working knowledge of Latin – these…
16 June 2017, Sweetcrude, Vienna, Austria — The price of OPEC basket of thirteen crudes stood at $44.38 a barrel…
*Mineral resources minister gazetted new charter Thursday *Black ownership requirement increased to 30% from 26% 16 June 2017, Johannesburg –South…
CBN disclosed that external reserve dropped to $30.222 billion on Tuesday June 13th, representing a weekly decline of $68 million when compared with the $30.290 billion achieved the previous Tuesday of June 6th.
“NPDC is reported to be consistently ceding its core activities to third-party private entities without due procurement process in Strategic Alliance Agreements that involve the provision of funds by those entities to carry out exploration.”
…Says govt won’t invest in new refineries Oscarline Onwuemenyi 16 June 2017, Sweetcrude, Abuja – The Federal Government has ruled…
