Rivers outlines purpose of 2021 budget as capex gulps 68.18% of N448.6bn

  To stimulate economy via investments in commerce, tourism N38bn for loans repayment 86bn to support SMEs development, social investment, jobs creation   Rivers State, rich in crude oil and gas deposits, with a gross domestic product economy of over $33.69 billion, is pursuing a higher capital expenditure (capex) of 68.18 percent or N305.9 billion […]

Women in oil region lay demands on NDDC on funds accountability

  Train on rights to query public sector financial management     While federal government quango, the NDDC is currently enmeshed in humongous mismanagement of N81.5 billion on frivolities in only four months (January – May) amid high-level illegalities and corruption in contract awards, half-finished, partly-done or outrightly abandoned projects, the women in the oil region […]

COVID-19: Oil-rich state governor tackles Nigeria government over fears pandemic could escalate on hypocrisy  

intercepts 9 trucks laden with livestock, grains, 200 persons from the north puts trucks up for auctioning, while quarantining persons The regional governor of Nigeria’s oil-rich Rivers State, Nyesom Wike, who has lately taken on a combative posture with the country’s central government in the face of the novel coronavirus pandemic that has killed hundreds of thousands of people across the […]

Abia State government  sets up infrastructure development council

…oil-rich $12.5bn economy suffers deficit Abia State government has set up an Infrastructure Development Council (IDC) to cater for the infrastructural needs of the state. Governor Okezie Ikpeazu is the chairman of the council. The council would work to compute the infrastructure needs of the state, the costs of developing them, and possibility of raising […]

Let’s not play politics with pump price of fuel – Donald Duke warns

Donald Duke, Nigeria’s presidential candidate for the Social Democratic Party (SDP) warns that “the oil and gas sector are too important to Nigeria’s economy to play politics with. He said, “petroleum is one commodity that defines our economy. Decisions regarding petroleum products have far-reaching implications on the economy, and therefore, have to be taken after […]