Month: July 2020

AKK Project for Sustainable Economic Growth – President Buhari

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President Muhammadu Buhari has said that delivery of the 614km Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline project is part of his Administration’s efforts to ensure sustainable development and growth of the nation’s Economy. The President, who stated this Tuesday while flagging off construction works on the AKK project through virtual link from the State House in Abuja …

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Nigeria Targets $10 Per Barrel Cost of Production by 2021

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The Federal Government of Nigeria has made its intention to fix the Unit Operating Cost (UOC) of producing crude oil in Nigeria to $10 per barrel. The Group Managing Director of Nigeria National Petroleum Corporation, Mele Kyari made the disclosure on Wednesday, June 10, 2020, during the second webinar series by the Nigerian Association of Explorationists (NAPE), …

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PIB passage to rekindle hope for deepwater projects

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Final Investment Decision (FID), worth over $100billion could be taken in Nigeria’s oil and gas sector, especially in the deep water going by renewed efforts by the country to pass the long-stagnated, Petroleum Industry Bill (PIB). Indeed, while there have been delay on some upstream projects including, Bonga South West-Aparo, Zabazab-Eetan, Bosi, Uge, Nsiko deep …

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USAID Partners with Imo to Improve WASH State to ‘corporatize’ Water Board for better performance

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Owerri – On July 16, 2020, U.S. Agency for International Development (USAID) Mission Director Stephen M. Haykin joined with Governor Hope Uzodinma in a virtual signing ceremony to formalize a new partnership with Imo State to improve the management and delivery of water and sanitation (WASH) services to help people live healthier lives through reliable access to …

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Public water system fails as government spends billions

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Despite billions of naira allocated yearly for the provision of potable water, Nigeria remains immersed in poor infrastructure for collection, treatment and distribution. Amid the water scarcity, Adebayo Alao, Head of Water Sanitation and Hygiene (WASH) and Acting Director of Programmes, WaterAid Nigeria, shocked watchers recently when he quoted data by the National Bureau of …

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Budget Review: Several infrastructure projects stalled

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With the crash of crude oil price, everal infrastructural projects earlier scheduled for take-off in the first quarter of 2020 would be stalled. Following the crash of the crude oil price, several infrastructural projects earlier scheduled for take-off in the first quarter of 2020 would be stalled, as the Federal Government is yet to come up with …

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How N400 billion ecological funding can save Nigeria’s coastline

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The waves of current from the ocean have become more violent, eroding the nation’s coastline which poses a serious threat. With the higher rainfalls predicted for the year 2020, states in Nigeria may have to worry about something more serious than a flood – the erosion of the coastlines. According to Mr Kabiru Abdullahi, Lagos State Commissioner for Water Front …

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Nigeria Oil And Gas Operators Pledge Million Of Dollars To Mitigate Effects Of COVID-19

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Nigerian oil and gas industry has embarked on a collaborative industry-wide intervention to recognise the devastating impact of the COVID-19 pandemic. (Image source: Yuri Samoilov/Flickr) The group’s governance committee comprising managing directors of oil companies and other Industry players, headed by Mele Kyari, NNPC group managing director, has also allocated 26 per cent of the …

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