THE UNDERLYING FACTORS World Rainforest Movement (1999) records show that 70-80% of Nigeria’s original forest has disappeared and presently the area occupied by forests is reduced to 12%. In the period between 2000 and 2005, Nigeria has lost about 2,048ha of forest (FAO, 2005). Although the Nigerian government established several forest reserves for conservation of…
Lagos – Nigeria and India are nurturing new relationships in the areas of promoting modular refinery projects as well as developing Liquefied Petroleum Gas (LPG), or cooking gas cylinder manufacturing companies. The Nigerian Content Development and Monitoring Board (NCDMB), which is negotiating the deal on behalf of government acknowledged India’s strength in those areas. The agency…
Osinbajo made the call in his address at the opening of a one-day workshop on ‘‘Africa-China cooperation in Information Technology and Digital Economy: prospects and challenges’’ on Thursday in Abuja. Vice President, Yemi Osinbajo, on Thursday called for strengthening mutual trust and deepening cooperation with China on Information and Communication Technology to develop Nigeria’s digital space….
Phase 3 canvasses hamonised Right of Way charges Aerial fiber optic network infrastructure provider, Phase 3 Telecom has said for the country to attain 30 per cent broadband penetration, the country must capitalise on local innovation for ICT sector improvement. Besides, it stressed that there was need to provide winning solutions to cub infrastructure deficiencies;…
By Adewale Sanyaolu with agency reports Following last week’s non-deal road show in the United States of America (USA), U.S. Fund Manager-Pecora Capital, has agreed to raise $2 billion over the next 18 months for Nigerian infrastructure projects. “As a long-term investor, we see a time of crisis as an opportunity, adding that he expects…
By Michael Eboh President Muhammadu Buhari, Tuesday, disclosed that the global competitiveness of Nigerian engineers has reduced drastically due to the absence of an updated engineering curriculum, as well of the absence of critical engineering training infrastructure in institutions of learning nationwide. Speaking at the 27th Engineering Assembly of the Council for the Regulation of…
LONDON (Bloomberg) — After decades of difficulties in Nigeria over crude theft, pollution and oil-related corruption, Royal Dutch Shell Plc still feels optimistic a fossil fuel can improve life in the country. The Anglo-Dutch oil major is seeking to develop Nigeria’s domestic energy market around natural gas. It’s plentiful, harder to steal, better for the…
An energy expert, Mr Bank-Anthony Okoroafor has commended the Federal Government efforts on the Ajaokuta- Kaduna-Kano (AKK) gas pipeline project. Okoroafor in an interview with the News Agency of Nigeria (NAN) on Monday in Abuja said the approval of the project by the Federal Executive Council was a step in the right direction. The project…
Ever since Nigeria Local Content Act was enacted in 2010, it has been monitored by the Nigerian Content Development Monitoring Board (NCDMB), overseen also by the Executive Secretary of the Board. The success story of Nigeria’s local content cannot be overemphasized due to visionary leadership and strategic plans to take it to the next level…
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC) has advocated research and development (R&D), to boost local content initiatives in the country. He said the sector must conduct research in areas such as oil production and exploration, fabrication, building of plants for the use of oil firms and other activities, which require utmost contributions…
