According to Adeosun, the World Bank is bringing a specialists power finance team to see how they can proffer financial solutions to the challenges of power in Nigeria.
Browsing: Mrs. Kemi Adeosun
She said the sum of N6.330 billion was refunded by the Nigerian National Petroleum Corporation (NNPC) to the federal government, adding that N35 billion PPT was proposed for distribution for August (including VAT), bringing the total to N510.270 billion.
“The decrease was as a result of shut-in and shut-down of pipelines at other terminals due to the activities of vandals and for maintenance impacted negatively on production,” Adeosun explained.
“We fully understand that monetary policy alone is not sufficient to bring about desired economic growth,” Buhari told a meeting of African central bank governors in Abuja.
Adeosun met international investors in June on a non-deal roadshow in London as Africa’s biggest economy explores fund-raising options to finance a record budget deficit.
According to the Minister, crude oil export volume increased by 1.9 million barrels in March, 2016 despite the subsisting Force majeure declared at Forcados Terminal, Shut-in and Shut down of pipelines at other terminals due to leakages, vandalism and turn around maintenance.
