NEITI: FG’ll Save N700b Yearly On Subsidy Removal

… As NNPC recounts removal of subsidy The Nigeria Extractive Industries Transparency Initiative (NEITI) has given a nod to the proposed oil subsidy removal, stating that government would save N700 billion yearly from it. According to statement from the Acting Director of Communications, Obiageli Onuorah, the Acting Executive Secretary of NEITI, Dr Orji Ogbonnaya Orji, […]

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FG Says No Resources To Continue To Fund Oil Industry

Nigeria government Thursday, stated that the country no longer have the resources to fund the country’s oil and gas industry, and is therefore, considering and developing new models of financing for the industry in the days ahead. Speaking during a town hall meeting in Abuja, the Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, […]

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