Oil Production Capacity of Nigeria’s Neighbors Nigeria’s neighbors have been involved in different activities regarding oil production. To the West of Nigeria, Benin Republic plans to start producing oil by 2030. To the North of Nigeria, Niger Republic has a refinery co-owned by the CNPC (China National Petroleum Corporation) and Nigerien Government. To…
Government-Owned Refineries in Nigeria The Nigerian Government has four (4) oil refineries with a total combine capacity to produce 445,000 barrels per day. Rivers State has two (2) refineries while Kaduna also has two refineries but one of it produces Linear Alkyl Benzene (LAB). According to the State Oil Corporation, NNPC, the four (4)…
List of Projects from China Loan Nigerian National Public Security Communication System Project Nigerian Railway Modernization Project (Idu-Kaduna section) Abuja Light Rail Project Nigerian ICT Infrastructure Backbone Project Nigerian Four Airport Terminal Expansion Project (Abuja, Kano, Lagos & PH) Nigerian Railway Modernization Project (Lagos – Ibadan section) Nigerian Zungeru Hydroelectric Power Project Nigeria Rehabilitation and…
Econet Wireless In December 2000, Econet Wireless Nigeria Ltd (‘Econet’) was among the initial 5 applicants that bid for the auctioning licencing exercise held in January 2001. This was a company from Zimbabwe that was listed on the Zimbabwean Stock Exchange at this time. Econet started its GSM operations on the 7th of August, 2001.…
The Beginning Prior to the return to democratic rule in Nigeria, there had been some impediments to the ease of doing business in the telecoms industry. Among these included: Inability of foreign players (non-Nigerians) to participate High import duties on telecom equipment Complex procedures for importation of telecom equipment into the country Inadequate fiscal incentives…
After Ibrahim Magu’s Suspension Following the suspension of the former acting Chairman, Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, there was an interest in the tenure of the leaders of EFCC Since 2003, the Economic and Financial Crimes Commission has had 4 different leaders. The EFCC Act grants The Chairman a period of…
“. . .because there is 200,000km of road network nationwide. Federal government owns about 35,000 of that network. The remaining of the 200,000 (take 35,000 out), belongs to the states and the local governments.” Babatunde Fashola, Minister for Works & Housing (July 6, 2020)
