The French Government has said that it has set aside about one billion euros to be invested in the Nigeria Oil and Gas industry. This followed a declaration that Nigeria remains France first economic trading partner in Africa. France Ambassador to Nigeria, His Excellency, Denys Gauer, declared this when the Group General Manager, Group Public Affairs Division (GPAD) of the Nigerian National Petroleum Corporation (NNPC), Mr. Ndu Ughamadu, led a delegation to his office in Abuja on Tuesday. Mr. Gauer said that French Development Agency has put in place about one billion Euros to encourage French investors to invest in the Nigeria Oil and Gas sector. According to him, French government is also cooperating with the Federal Government in the fight against Boko Haram insurgency.
Delta State Governor, Senator Dr. Ifeanyi Okowa, the Governor of Central Bank of Nigeria, Mr Godwin Emefiele and others have identified Micro, Small and Medium-Scale Enterprises (MSMEs) as the fastest way for Nigeria's economic growth. While identifying MSMEs as great employers of labour, they observed that investing in such would not only boost Nigeria's economy but, will ensure speedy technological development of the country. Their positions were made known on Saturday at the maiden edition of Ika Economic and Investment Summit organised by the Ika Village Square at Agbor. The summit had as its theme, "exploiting the economic potentials of Ika nation through strategic partnership." "As it concerns MSMEs, we have done a lot to encourage our people to be entrepreneurs but, ...
A coalition of 20 civil society and rights groups have written the Director General, Infrastructure Concession Regulatory Commission to make available to them all relevant information over the proposed concession of Port Harcourt Refinery pursuant to the Freedom of Information Act. The groups stated that their decision was stemmed from moved by the Ministry of Petroleum Resources and the Federal Government to concession the Port Harcourt Refinery to Nigerian Agip Oil Company/ENI. The group said that the Minister of State for Petroleum Resources had released information to several news outlets in the mainstream and online media of plans to concession the Refinery. A statement from Festus Keyamo Chambers signed by Festus Ukpe, counsel and John Ainetor, Assistant Head of Chambers
The Managing Director of Seplat Petroleum Development Company, Mr. Austin Avuru, has said that the company was not lobbying to stop the passage of the full version of the Petroleum Industry Bill (PIB). Avuru said Seplat as an oil company would easily fit into the legislation once it is eventually passed in full into law saying that it was not losing any sleep over the passage of the complete PIB. He spoke following insinuation making the round that some oil multinationals were behind the delay in the passage of the full version of the PIB. Addressing newsmen shortly after the closing ceremony of Seplat's 'Eye Can See' programme held in Orerokpe, Delta State, Avuru noted that the delay in the passage of the Bill has significantly frustrated investment decisions in the industry