Tag: NNRC
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FG to end fuel, electricity subsidies by mid-2021
Plans by the federal government of Nigeria to end both electricity and fuel subsidies by mid-2021 have been revealed. The Nigeria Natural Resource Charter (NNRC) revealed the plans on Sunday quoting an International Monetary Fund (IMF) report. According to NNRC, the report followed the conclusion of IMF’s Article IV consultation with Nigeria. According to the…
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Hon Nwawuba addresses intricacies of PIB
Given the delay in the passage of the Petroleum Industry Bill (PIB), the Deputy Chairman, House of Representatives Committee on the Niger Delta, Hon Henry Nwawuba has said care must be taken for the National Assembly (NASS) not to pass a bill that will not be of any good to the Nigerian oil and gas…
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PIB: We’ll give it speedy passage after recess – Rep
…the issue of host community will be adequately addressed The Chairman, House of Representatives Committee on Niger Delta, Hon Essien Ayi has said the House will give the Petroleum Industry Bill (PIB) an accelerated legislative attention once the chamber reconvenes. TheNewsGuru.com (TNG) reports Ayi stated this on Thursday in his opening remarks at a webinar…
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Petroleum Industry Bill: An end to NNPC’s accountability loophole
After the Niger Delta Development Commission (NDDC) probe saga, there are now insinuations by every Tom, Dick, and Harry over the level of corruption and mismanagement that might be going on in the Nigerian National Petroleum Company (NNPC). With the recent probe of contracts in the NDDC, attention, and of course, the focus of the…
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Marginal oil fields: Another goldmine ebbing away
By Kolade Omotoso For so long as Nigeria had crude oil as the mainstay of her economy, how well has it served Nigeria since discovery? Not so well as corruption and sabotage have seen the country and its citizens wallowing in abject poverty, infrastructural deficit and wanton corruption. In a bid to harness the full…
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OPINION: Fate of the Niger Delta region: Why FG must act now or never
What does the future hold for the people of the Niger Delta region of Nigeria in the next 60 years? For critical observers, the future is bleak. But, how is this so when Nigeria has made over $1 trillion in oil revenues in the past 60 years? How did we get here? Since crude oil…
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Why NDDC continues to fail on its mandate – Experts
Experts in the Nigerian oil and gas sector have alluded reasons why the Niger Delta Development Commission (NDDC) has continued to fail on its mandate despite receiving massive funding. TheNewsGuru.com (TNG) reports the experts alluded the reasons on Friday during a Twitter conference with the theme ‘strategic reforms needed to transfer benefits to the Niger…
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‘Why it’s difficult to entrench change in NNPC’
Najim Animashaun, a Policy Adviser and Lawyer, has given an insight as to why it is difficult to entrench the culture of change in the Nigerian National Petroleum Corporation (NNPC). TheNewsGuru.com (TNG) reports Animashaun gave the insight on Friday during a Twitter conference with the theme: “Reforming NNPC towards operational efficiency and commercial effectiveness”, hosted…
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Nigeria petroleum industry in dire need of strategic reforms, says policy expert
The Program Coordinator of the Nigeria Natural Resource Charter, Tengi George-Ikoli has said the nation’s petroleum industry is in dire need of strategic reforms. TheNewsGuru.com (TNG) reports the NNRC Program Coordinator stated this on Saturday during a media conference hosted on Instagram Live by Dayo Ibitoye, a public policy expert. During the conference that was…
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COVID-19: Analyst unbundles implications of falling oil prices on Nigerian economy
Oil and gas analyst, Ronke Onadeko on Wednesday in a tweet chat with the Nigeria Natural Resource Charter (NNRC) and other experts unbundled the implications of falling oil prices on the Nigerian economy as the Coronavirus disease (COVID-19) rage through most countries in the world. Recall that the Nigerian government reduced the pump price of…