“We suspected that the cash came in between 2012 and 2014 but Yakubu has refused to disclose the sources. Maybe when his trial begins, he will open up in court. We believe he owes it a duty as a citizen to name those who showered the huge gifts on him.”
The minister noted that the management of Abuja Steel Mill had requested for coal for the production of steel, adding that the ministry would support local steel manufacturers that could solve steel deficit.
Dr. Baru noted that the long delay in the passage of the PIB had led to uncertainty in the fiscal terms, while the recent move by the National Assembly to amend the NLNG Act had also dampened the optimism of investors in the industry.
Dangote runs on expensive diesel generators and requested Tanzanian government support last year to supply natural gas at a reduced price. President Magufuli later intervened after a meeting with Nigerian billionaire and the company’s owner Aliko Dangote over stalled negotiations on prices.
13 March 2017, Sweetcrude, Lagos — Following a liquidity boost and the continued appreciation of the Naira against the dollar…
13 March 2017, Sweetcrude, Vienna, Austria — The price of OPEC basket of thirteen crudes stood at $49.81 a barrel…
13 March 2017, Sweetcrude, Yenagoa — A militant group in the Niger Delta, the Reformed Egbesu Fraternity, REF, has called…
12 March 2017, Sweetcrude, Port Harcourt — A fortnight ago, the Vice President, acting as President visited the troubled Niger…
13 March 2017, Sweetcrude, Washington — Speaking at the Powering Africa: Summit recently, Enoh T. Ebong, Acting Director, U.S. Trade…
But the ERGP document explained that the efforts of the government in restoring peace to the Niger Delta region would result in an increase in oil revenue by 176 per cent in 2017 and then an average of 13 per cent every year until 2020.
