Young Nigerians Interrogate the New Automotive Policy

  The Federal Government (FG) has stated that the implementation of the National Automotive Industry Development Plan would revitalize the local auto industry to enable manufacturers produce less expensive car models with the price range between N1.2million and N1.5million. It also said it would work jointly with auto manufacturers, franchise holders, reputable motor dealers and…

Angry Reactions Trail Missing $20 Billion Unremitted Oil Revenues

Central Bank of Nigeria (CBN) Governor Sanusi Lamido Sanusi appeared before the Senate’s Investigative Public Hearing on unremitted oil revenues, where he alleged that $20 billion is still unaccounted for. He also provided a detailed explanation about the irregularities in the accounting system of the Nigerian National Petroleum Corporation (NNPC), presenting evidence showing that NNPC,…

NIGERIANS UNSURE OF SURE-P

Last week, the Senate ad-hoc committee investigating the activities and finances of the Subsidy Re-investment and Empowerment Programme (SURE-P) raised an alarm that N500 billion, accruing to the project, has not been accounted for. The committee, headed by Deputy Senate Leader, Abdul Ningi, stated that a total amount of N834.33 billion accrued to SURE-P between January 2012…

PIB: MINISTER’S POWERS NOT TOO MUCH – DIEZANI ALLISON MADUEKE

“The powers vested on the Petroleum Minister under the Petroleum Industry Bill  (PIB) are not excessive”, says  Nigeria’s Petroleum Minister, Diezani Allisson Madueke. She made this statement at the Senate Joint Committee public hearing on the PIB held last Thursday at the National Assembly Complex in Abuja, Nigeria. Consistent with its mandate to promote oil…