File Photo The Department of Petroleum Resources (DPR) has advocated that market forces should be allowed to determine gas prices to guarantee the security of supply and demand of the commodity. Mr Sarki Auwalu, the Chief Executive Officer, DPR, disclosed this while presenting keynote address at the pre-summit conference on “Decade of gas’, in Abuja, on Monday. Auwalu said that the right and market-based pricing of gas was critical, as it would assure producers of returns on their investments. He also outlined five critical levers for gas development, especially as Nigeria moves to leverage its abundant gas resources for national growth, diversification of the economy and to use gas as the fuel for economic transformation. According to him, the levers include availability, accessibility, a...
The social media was agog recently that some purported women from Umueri in Anambra-East local government area protested half naked at the construction site of the International Cargo Airport over what they termed forceful land-grabbing by government to build the airport. Reports also had it that the said protesting women from Umueri had accused the state government of encroaching into areas the community didn’t release to them. But the traditional ruler of Umueri His Royal Majesty Igwe Sir Ben Izuchukwu Emeka stated unequivocally that such reports were malicious and economical with the truth because nobody protested naked and that his subjects were not known for such amoral behaviour. Igwe Emeka stated that Umueri was grateful to the government and people of Anambra state that the Interna...
Vox Media Over $70 billion have been invested in telecommunications infrastructure deployment in Nigeria since the liberalisation of the industry in 2001. The Executive Vice Chairman of the Nigerian Communications Commission, NCC, Prof Umar Garba Danbatta, who made this known said the amount represented a larger chunk of local and Foreign Direct Investment (FDI) attracted into the sector within the period. Danbatta made the remarks on Thursday while delivering the Bullion Lecture 2021 Edition organised by the Centre for Financial Journalism (CFJ), Lagos. According to him, the investment in infrastructures has boosted the economy and provided more opportunities for more Nigerians have access to telecoms services. “Today, the number of active telephone lines being used by Nigerians has signi...
The Enugu State Government has declared its resolve to resist any attempt by land grabbers and fraudsters to short-change the people under any guise. The Commissioner for Lands, Dr Victor Nnam, stated this when he received an award for exceptional service and leadership from the traditional ruler of Amechi Udewo, Igwe Daniel Nnamani, the Ogboo Ogu I of Amechi Udewo, Awkunanaw, Enugu State. The Commissioner said his Ministry was working assiduously to transform land administration in the State, in line with the agenda of the State Governor, Chief Ifeanyi Ugwuanyi. He said: ‘I appreciate the entire people of Amechi and Obeagu Awkunanaw. I assure you of my resolve to continue the good fight of faith against land grabbers and fraudsters, as well as the transformation of the land administration...
The President, African Development Bank (AFDB), Dr Akinwumi Adesina, has appealed to the Federal Government to deepen investment in youth, to enable them put their entrepreneurial ingenuity to good use. Adesina, who spoke virtually at the 2020 Nigerian Prize for Leadership at the weekend in Abuja, noted that Nigerian youth are plagued by plethora of challenges like unemployment, limited technical and vocational skills, limited inclusion in the socio-political space and lack of finances to develop their businesses. “No nation is perfect. But those who learn from history become greater. Events repeat itself twice when people do not learn. As a nation, Nigeria should do everything possible to invest and reinvest itself by focusing on the youth. “Today, we have 206 million people, 70 per cent ...