Showing posts with label infrastructure. Show all posts
Showing posts with label infrastructure. Show all posts

Tuesday, 6 October 2015

PIB, oil theft, poor gas infrastructure face new Petroleum Minister

Whoever takes on the office of minister of Petroleum in the  current dispensation would have to contend with a deluge of challenges including  the stagnant Petroleum Industry Bill, oil theft, finding solution to the nation’s poor gas infrastructure and cash call issues.
  Industry stakeholders say these and other challenges must be tackled head-on by the coming  Petroleum minister.
 

Tuesday, 29 September 2015

FG to increase Excess Crude Account to $3.95bn

The Federal Government, in a bid to attain robust external reserves, is planning to increase the amount in the Excess Crude Account from the current balance of $2.25bn to $3.95bn next year.
 
It is also targeting fresh private sector investment of $1.5bn (N315.2bn) in infrastructure within the 2016 fiscal period.