There is no gainsaying the fact that the greatest challenge of Nigeria’s power industry apart from issues surrounding adequate gas supply to power plants and widespread and endemic corruption is the one of poor financing for the sector.

THE immediate past Minister of power, Dr Lanre Babalola recently shocked newsmen in Lagos when he declared that not every one wants constant supply of electricity in the country.

RECENTLY, the Labour Writers Association of Nigeria, LAWAN, organized a seminar on “Impact of Economic crisis on employment”, held in the ancient city of Ibadan, Oyo state.

TRADE Union Congress of Nigeria, TUC, has identified among others, seven major areas government should focus as relief measures to mitigate immediate negative impact of full deregulation of the downstream sector of the nation’s petroleum industry on the Nigerian masses.

The insurance industry in the West African sub-region is tapping into windows of opportunity by re-organizing and re-inventing for full participation in the oil and gas insurance

President John Evans Atta Mills has admonished insurance companies in African to refrain from any act of unethical conducts capable of tarnishing the sector image any further.

Mr William Ofotsu Agbenyega is the new president of West African Insurance Companies Association (WAICA)
WAICA was founded in 1973 and they have been holding educational conferences in all member countries on rotation basis

Managing Director of Valid Insurance brokers, Mallam Idriss Abbas in this interview with Patience Saghana says insurance clients must consult the lead if they want a good run for their money. He also says the number of insurance brokers in the country is still relatively small.

March 2, 2010 at 8:45 pm The activities of these multinational oil companies towards the supply of gas are so damaging to the Nigerian economy and its citizens, why could the Federal Government sit back and watch these international oil companies thwart /frustrate their power supply target for its citizenry, and this has been the problem hindering the actualization of this power supply problem in this country, no nation will tolerate this if not in Nigeria, back to their country’s of origin they have uninterrupted power supplies, why should they frustrate Nigerians and the Federal government, The Minister of Petroleum, Dr, Rilwanu Lukman, and The Minister of Power, Dr. Lanre Babalola have lots of question to answer? Nigerians has found that they are quite unfit to address the issue of resolving the power supply problem by allowing the International oil companies to frustrate the long cry of power supply by all Nigerians. |

It may not be altogether welcoming or comforting to say that Nigeria’s new Minister of Petroleum Resources would have his or her hands full, but that is the fact: whoever emerges as the next minister already has their work fully cut out.