Posted on November 12, 2018

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How Nigeria’s economic woes hobble continental integration

• AfCFTA’s $80 billion deals in three years at stake • Afreximbank to raise trade integration projects to $25bNigeria’s economic structure, dominated by commodities and primary products offerings, with a slow-paced, but painful infrastructure development strategy, is now running against its plans to participate in the continent’s market integration agenda.The integration plan, under the African […]

Posted on November 12, 2018

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‘FG paid N1trn to DISCOS, GENCOS without evidence of electricity’

BENIN—FORMER President of Trade Union Congress, TUC, Mr. Peter Esele, has disclosed that the Federal Government paid over N1 trillion to Electricity Generation Companies, GENCOs and Electricity Distribution Companies, DISCOs, since the commencement of the privatisation of the  power sector with nothing to show for it. He accused both the GENCOs and DISCOs of failing […]

Posted on October 23, 2018

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NNPC, others silent over United States court’s $6.59 billion gas contract fine

Absence of institutional framework stalling Nigeria’s progress, say stakeholders The Ministry of Petroleum Resources, the Department of Petroleum Resources (DPR), and the Nigerian National Petroleum Corporation (NNPC), are yet to take a position after a United States court gave a $6.59 billion default decision against the Federal Government. The sanction was for the parties thwarting […]