Wage bill, other spending exceed subsidy savings — Oyedele
…Govt saved N15.8trn from subsidy removal, naira floatation …FG got only N5.43trn, borrowed N11.85trn …No large pool of cash available to FG By Emma Ujah, Abuja Bureau Chief ABUJA — The Federal Government has clarified that the N15.8 trillion saved from fuel subsidy removal and the flotation of the naira between June 2023 and December […]
‘The gains of 50 percent slash in electricity tariff’
“Government’s decision to slash power tariff is a clear demonstration of it plan to build local capacity. This implies that government is looking inward to stimulate tangible growth in the manufacturing sector of the economy. The good thing is that government is putting measures in place to revamp manufacturing industries across the country. The policy in electricity reduction now is a deliberate attempt by government to enhance entrepreneurial development and wealth creation in the economy”.
Falling oil price: Pathway to diversification
One of the key indicators for measuring overall development in the world is the Human Development Index (HDI). This is a composite index based on three indicators: longevity, as measured by life expectancy; education attainment, as measured by a combination of adult literacy and the combined gross primary, secondary and tertiary enrolment ratio; and standard of living, as measured by gross domestic product (GDP) per capita.
Telecom: Time to declare it as Critical National Infrastructure
Oluwakemi Babatunde is a fish trader based in Epe, a small town about 40 Kilometers from mainland Lagos. She’s been in the fish trade for ages, having learnt the ropes from her mother who was also a fish trader, with clients in diverse places that included Lekki and Ajah in Lagos. Babatunde says that today, things are radically different from what they were in the old days.
Petroleum Minister recounts achievements in Oil and Gas sector
The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke has said that the upstream sector has recorded a renewed impetus in cost management, compressed contracting cycles and a reinvigorated pursuit of the passage of the Petroleum Industry Bill (PIB). Mrs. Alison-Madueke stated this while delivering her keynote address at the 2015 Nigeria Oil and Gas Conference and Exhibition with the title “State of Industry: Achievements and future Direction” at the International Conference Centre in Abuja.
NNPC GMD flags off NOG 2015
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Dr. Joseph T. Dawha has flagged off the Nigerian Oil and Gas Conference and Exhibition, 2015 edition. Dr. Dawha while flagging off the Conference at the International Conference Centre in Abuja said the NOG is now a flagship event for the Nigeria Oil and Gas Industry.
