Babs Omotowa contends the $1.5bn proposed for the refinery will be wasted
I was aghast at an oil conference in 2007, when the then newly appointed NNPC GMD, Abubakar Yar’Adua announced with a swagger, that the federal government had reversed the sale of two of the refineries, and that instead, NNPC was going to spend N100bn ($0.9bn then) on the Turnaround maintenance (TAM) to fix the refineries.
The previous President Obasanjo administration had sold two of the refineries to Aliko Dangote and a consortium who had paid $750m, which was unbelievably returned to them by the new administration of President Umaru Yar’Adua.
ON THE GO
CCT chairman assaults security officer in Abuja, says ‘the guard was rude’ Danladi Umar, chairman of the Code of Conduct Tribunal (CCT), who was caught on video physically assaulting a security man at Banex Plaza, Wuse 2, Abuja, says the guard was “rude”.Advertisement.
Lagos council chairman impeached over ‘financial misappropriation’ Oladotun Olakanle, chairman of Onigbongbo local council development area (LCDA), has been impeached.Advertisement According to NAN, he was accused of misappropriating funds before he was removed from office on Tuesday..
Cable Foundation trains campus journalists on investigative reporting Cable Newspaper Journalism Foundation (CNJF) has organised a training for campus journalists on investigative reporting.Advertisement The workshop, which took place in Abuja on Monday and Tuesday, had students from seven.
What does it really take to succeed in big multinational businesses in the developing world?
One man’s remarkable journey from a rural Nigerian village to a top job in a global corporation describes the challenges, the opportunities and the issues we must all face up to if we are to create positive organizational and societal impact, equality and equity in global businesses.
Babs Omotowa has written
From Storeroom to Boardroom to share his insight on the challenges and opportunities of big businesses in developing countries including on, climate change, oil spills, corruption, transparency, culture, government relationships and societal (community and capacity) development.
Ask what you can do for your country – Nigeria!
2020 has been another difficult year for Nigeria. Coronavirus, kidnapping, and banditry have been devastating on lives, and the economy, which has also been battered by low oil prices, recession, and inflation. The EndSARS protest, killings, and looting have left a deep scar on our nation but also a silver lining. Nigeria is at the crossroads and witnessing a rising cacophony of disappointment, anger, and division.
John F. Kennedy at his 1961 presidential inauguration rallied Americans during the challenging period of 22% poverty (55% in southern areas), war with Vietnam, and the throes of racism and the civil rights movement. He mobilized Americans towards national loyalty despite the tribulations, and his famous speech included “…ask not what your country can do for you; ask what you can do for your country.…knowing that here on earth, God’s work must truly be our own….”