Kachikwu to present National Oil Policy

Nigeria Minister of State, Petroleum Resources, Dr. Ibe Kachikwu, yesterday said the ministry will next week present the Draft National Oil Policy to the Federal Executive Council (FEC). The Senior Technical Adviser to Kachikwu, Gbite Adeniji, who made this known at the ongoing stakeholders’ consultation forum on the draft National Gas Policy and National Oil Policy, […]

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Nigeria moves to review 2017 fiscal plan to combat recession

In a bid to combat the nation’s current economic recession, the Federal Government is to review its 2017 fiscal plan recently approved by the Federal Executive Council (FEC) but yet to be submitted to the National Assembly. By the move, the government will re-prioritise its spending in such a way as to guarantee a quick […]

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Senate to stop FEC from awarding contracts

THE Senate, yesterday, commenced a process aimed at stopping the President and the Federal Executive Council, FEC, from awarding contracts of any kind in the country. The legislature said there was no basis for the FEC to award contracts, insisting that the status quo must be changed. To this end, it passed a resolution, urging […]

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