The Federal Government, through the Ministry of Petroleum Resources, will canvas for investment into the oil and gas sector at the 2021 Annual Sub-Sahara Africa Oil and Gas Conference in Houston, Texas, USA.
The Minister of State for Petroleum Resources, Timipre Sylva, who had said a road map document that would drive investment in the sector would be unveiled in the next six months is expected to speak to investors at the conference.
A document made available to journalists showed that Sylva would among other issues intimate investors on the need to leverage the National Gas Expansion Programme (NGEP) alongside his Technical Adviser, Gas Business & Policy Implementation, Justice Derefaka, who would focus on “Nigeria’s Pathway to Gas Economy through Nigerian Gas Flaring Commercialisation Programme (NGFCP).
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Earlier this month, the Nigerian Government reportedly approved $1.5bn in funding to repair the Port Harcourt refinery, which had closed down two years ago. Of course, the news was met with some negative reactions from Nigerians. Their sentiment might come from a point of mistrust that the project might be a conduit pipe for corruption. Or perhaps poor management would eventually kill the project, taking Milton Friedman’s
“If you put the federal government in charge of the Sahara Desert, in 5 years there’d be a shortage of sand” quote into perspective.
However, skepticism and sentiments aside, the economics in funding a refinery repair for $1.5 billion can be debated.
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By Adibe Emenyonu
Former Vice President of Nigeria, Mohammed Namadi Sambo, has commended the country’s premier private University, Igbinedion University Okada for distinguishing itself in academic excellence and value-driven education for over two decades Namadi Sambo who gave the commendations while speaking at the 22nd matriculation ceremony of the university, held physically and virtually, said its great feat achieved in creating entrepreneurs instead of job seekers, attests to its quest for excellence by the founder and Chancellor, Chief Gabriel Osawaru Igbinedion, the Esama of Benin, cannot be quantified.
He said while the security challenges in the country has some direct relationship with the massive job deficit, Igbinedion University, Okada, has set the pace for breeding skilled graduates with the ability to handle high skilled jobs.