Tuesday, 28 October 2014 22:51 Written by Roseline Okere • Says downstream sector needs N3.2tr yearly investment • Reps to pass PIB by May 2015 WORRIED about the slow growth of the downstream oil and gas sector due to what it considered as a result of the regulated regime in the industry, the Federal Government yesterday stressed the need to eliminate price […]
NASS, FG Disagree Over N1.2trn Fuel Subsidy By Chika Izuora — Oct 29, 2014 | 5 Comments Real trouble is about to break out between the National Assembly and the presidency over the proposed N1.22 trillion budgetary allocation for petroleum subsidy in the 2015 budget appropriation. The figure includes N971.4 billion as subsidy for premium motor spirit (PMS) otherwise known […]
Written by Mohammed Shosanya, Lagos The Africa Network for Environment and Economic Justice (ANEEJ) has commended the Economic and Financial Crimes Commission (EFCC) over its renewed efforts in pursuing ongoing fuel subsidy corruption cases in the country. The group’s action was sequel to the accelerated pace some of the cases have been receiving in the past two months. ANEEJ’s Policy […]
INTRODUCTION The Africa Network for Environment and Economic Justice (ANEEJ), in collaboration with Bayelsa State Emergency Management Agency, organized a 2-day step down workshop on disaster management for selected staff of Yenagoa and Ogbia Local Government Councils in Bayelsa State, from Wednesday 8th – Thursday 9th October, 2014 at SSG Conference Hall, State Secretariat, Yenagoa. The workshop was held in […]
President Goodluck Jonathan’s demonstration of government’s apparent helplessness in checking rampaging economic terrorists eating up 60 percent of fuel subsidies meant to assist the poor, does not inspire hope of ending the nation’s financial hemorrhage that denied the citizenry of improved socioeconomic welfare. The President had August 28 failed woefully to address satisfactorily the age long pilferage of fuel subsidies […]
18 Oct 2014 (This day Newspapers) Minister of Finance and Co-coordinating Minister for the Economy, Ngozi Okonjo-Iweala Fall in crude oil prices may stall payment Yemi Adebowale About 46 oil marketers in the country are grappling under the yoke of heavy debts following the failure of the Federal Ministry of Finance to pay them the outstanding verified subsidy claims and […]
Leadership Newspaper, October 20, 2014. page 48
17 Oct 2014 • Trillions of naira could be ploughed back to govt revenue • Cash-strapped states to benefit • Okonjo-Iweala warns about effects of falling crude price Omololu Ogunmade in Abuja and Ejiofor Alike in Lagos As oil prices continue to make their descent and are expected to fall below $80 a barrel, oil market analysts have called on […]
MEDIA ADVISORY Guests at Spokesperson’s Noon Briefing on Friday to focus on financing the post-2015 development agenda In its report, the Intergovernmental Committee of Experts on Sustainable Development Financing found that the financing needs for sustainable development were in the trillions of dollars per year. Annual global savings, at $USD 22 trillion, are sufficient to meet these needs, but current […]