Delta South
Governor Okowa begs Nigerian government to revive Warri port in order to decongest Lagos
Delta Governor Ifeanyi Okowa, has called on the federal government to quickly resuscitate the Warri port, in order to curb unemployment in the state. The governor made the call at a town hall meeting with youths, including #ENDSARS protesters, civil society groups, students, social groups, community leaders and stakeholders across Delta South and Delta Central Senatorial Districts in Warri this week. He said that with the congestion of the ports in Lagos, the federal government should revive Warri port and other seaports in Delta State to boost the nation’s economy and create employment for the youths. He stated that the rate of unemployment in Nigeria is very high, and that checking unemployment is not just about employing people into public service. Okowa disclosed that to tackle the une...
Senate calls for quick diversification of economy, frowns against high cost of oil production
The upper chamber of the National Assembly has called on the federal government to quickly diversify the economy, following the high cost of oil production without commensurate result. Berating the Nigerian National Petroleum Corporation (NNPC) for the high cost, which resulted into marginal profit of just $3 per barrel for the country, the Senate noted that the high cost of oil production in the country is higher than other oil producing nations. This development was noted when when officials of NNPC appeared before the Senate Committee on Finance. The Senate also noted that the high cost of oil production which is $21.2 per barrel, almost equaling $25 per barrel oil price benchmark fixed for the N10.509 trillion 2020 revised budget. The upper chamber expressed its displeasure when the Ch...
