By Michael Eboh The new Petroleum Industry Bill, 2020, currently before the National Assembly, is proposing the establishment of a specialized intervention mechanism, called the Midstream Gas Infrastructure Fund, to deepen gas usage in the country. According to the bill, the purpose of the Fund shall be to make equity investments of government-owned participating or […]

…Urges FG to hasten modular refineries project By Chioma Onuegbu – Uyo A Niger Delta group, under the aegis of Domestic Refinery Owners Association of Nigeria, DROAN, has raised the alarm over that some individuals and organisations are allegedly negotiating and encouraging illegal refiners to continue with the unwholesome business. National Chairman of DROAN, Mr […]

According to Investopedia, subsidy is a benefit given to an individual, business, or institution, usually by the government, and is usually in the form of a cash payment or a tax reduction.

By Emmanuel Elebeke The Federal Government says plans are on to diversify Nigeria’s energy supply needs to include renewable energy so as to accelerate socio-economic development of the country. The Minister of Science and Technology, Dr Ogbonnaya Onu, disclosed this when he declared open the forum on “Scaling-Up Interconnected Mini-Grids Development in Nigeria: Current Status, […]

By Ediri Ejoh The Nigeria Liquefied Petroleum Gas Association (NLPGA), has rejected moves by the Petroleum Product Pricing Regulatory Agency (PPPRA), to impose N2.5 billion Administrative Levy or ‘Administration Tax’ on LPG. In a message obtained by Vanguard, Executive Secretary, NLPGA, Mr Olakunle Oyebanjo, stated: “Earlier this year, following a 10-year battle by NLPGA, the […]