Oil-rich Bayelsa, despite huge FAAC hauls, among 8 of Nigeria’s poorest states – report
Ben Eguzozie
September 8, 2021
Can’t survive without FAAC disbursements With IGRs of less than 10%, states are insolvent Bayelsa, one of Nigeria’s oil resources-rich states, is ironically ranked along with seven others as the nation’s poorest sub-nationals, according to a states’ annual viability index (ASVI) based on a survey carried out by Economic Confidential showing the 2020 […]
Imo government sees potentials for jobs across South-East through JLN
Dikachi ElembaSeptember 7, 2021
By Dikachi Elemba, in Owerri Firm to procure 2700 hectares of farmland To venture into fabrication of tools With the various investments by JLN Agric Implementation Services Limited and JLN Farm Division to bring a revolution in the agricultural sector in Imo State and the entire south east, through massive stocking and assembling […]
Port Harcourt DisCo losing 30% of revenue to meter bypass thieves
Ben EguzozieSeptember 6, 2021
Goes tough on offenders The management of Port Harcourt Electricity Distribution Plc (PHED), one of the 11 DisCos in the country, has vowed to arrest and prosecute any person, group of persons or corporate body found to be engaged in meter bypass in its network. PHED’s franchise area are: Rivers, Bayelsa, Akwa Ibom, […]
Capegate maps out 150MW waste to electricity in Kano
Onome AmugeSeptember 2, 2021
plan to generate 10 megawatts (MW) of electricity by 2022 from waste, and ramping it up to 150MW before 2025 in Kano State, is being promoted by Capegate Investment Limited, an Abuja based waste management company. The company had earlier signed a 20-year Public Private Partnership (PPP) refuse management contract with the Kano State […]
Anambra hails inclusion in Nigeria’s oil producing states’ grouping by RMAFC
Ben EguzozieSeptember 2, 2021
Says years of fight for inclusion worth it With 14 operational oil wells, state could up its economic growth The Anambra State government is basking in unprecedented euphoria over its recent inclusion in the grouping of Nigeria’s oil producing states by the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC). Willie Obiano, governor of […]
Delta State 2021 budget faces N40bn revenue shortfall, says Pere-Gbe
Onome AmugeSeptember 1, 2021
The Delta State government has been subjected to a revenue deficit of N40 billion as it undergoes implementation of its 2021 budget. Barry Pere-Gbe, the Delta State commissioner for economic planning, who made the disclosure at the 2022 Citizens Budget Engagement Forum held in Asaba, the state capital, attributed the shortfall to insufficient funds from […]
Kaduna signs MoU with NNPC, GACN on gas delivery project
Jacob AjakaiyeAugust 27, 2021
By Jacob Ajakaiye, in Kaduna The Kaduna State government has signed a Memorandum of Understanding (MoU) with the Nigerian National Petroleum Corporation and Gas Aggregation Company of Nigeria on gas utilization and expansion, a move geared at boosting industrial development in the state. The signing of the document which was presided over by Governor […]
MOSOP says no Ogoni green light on OML 11 resumption, faults NPDC’s accord with OLI
Ben EguzozieAugust 26, 2021
Believes adequate consultation not done yet Cited non-conclusion of Ogoni clean-up Petroleum experts advise NNPC starts PIA implementation with OML 11 The Movement for the Survival of the Ogoni People (MOSOP) has faulted the recent accord reached between the Nigerian Petroleum Development Company (NPDC) and Ogoni Liberation Initiative (OLI) headed by Douglas Fabeke, […]
ASR Africa grants Sokoto N2.5bn to support health service institutions
Onome AmugeAugust 26, 2021
By Onome Amuge The Abdul Samad Rabiu Africa Initiative (ASR Africa), a philanthropic establishment founded by Abdul Samad Rabiu, chairman of BUA Group, has presented a N2.5 billion tertiary health infrastructure grant to the Sokoto State government. According to a statement by the corporate social responsibility organisation, the grant is to facilitate construction of […]
Oil marketers strike grounds vehicular movement in Imo
Dikachi FranklinAugust 26, 2021
By Dikachi Franklin, in Owerri Motorists and commuters in Imo State have been thrown into hardship and frustration as a result of a strike action embarked upon by the state chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN). The sudden strike action, which caught members of the public by surprise, has led […]