The nation’s power sector privatisation, is in jeopardy, with a looming major power crisis as investors have threatened to shut power generation plants over unpaid invoices. The Managing Director (MD) of Mainstream Energy Solutions Limited , Engr. Lamu Audu, told journalists after a facility visit to Jebba and Kainji Hydro Power Plants that his company was being owed N44 billion for energy produced and consumed.

The economic hardship in Nigeria is unprecedented. Our solely dependence on oil has cost us economic recession. A new born baby knows that things are hard; recently a 7 year old boy was killed just for stealing Garri. Some families now eat twice a day, some once; many do not have what to eat. This hardship and poverty level demands a revolution in Entrepreneurship to bring succour to our dying economy.

Meanwhile, the NNPC has reiterated its determination to maximise the participation of Nigerians in local projects to raise the bar of Nigerian content policy. Baru gave the assurance at the 11th Oil Industry Achievement award, organised by the Petroleum Technology Association of Nigeria (PETAN) in Lagos. The theme of the paper was: “Local Content Compliance in an Extended Low Price Environment.”

The African Institute for leadership Excellence in collaboration with Fast Track Brand communication, publishers of the African Brands Journey, supported by African Brand congress and international Brand Management (IBMA) is set to host an award ceremony.

More winners have emerged in the DiamondXtra directorate draw where 41 lucky customers were rewarded with cash prizes and a star prize of a Hyundai SUV at the season 8 grand finale draw.