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Diversification: FG to consider mining, agriculture as viable options On By Adeola Badru President Muhammadu Buhari on Tuesday said his administration was committed to diversifying the nation’s economy from dependence on oil and gas using mining and agriculture sectors as viable options. He stated this while declaring open the 56th annual international conference and exhibition of the Nigerian Mining and Geosciences Society (NMGS), held at the International Conference Centre of the University of Ibadan. President Buhari who spoke through the Minister of State for Mines and Steel, Dr Uchechukwu Ogah, said the mining and agriculture sectors have huge economic potentials in creating well-paid jobs and wealth for people in the country. ....
02/20/2021 | Press release | Distributed by Public on 02/20/2021 12:31 Local content: DPR counsels Nigerians to invest in oil and gas production Mr Auwal Sarki, the Director, Department of Petroleum Resource (DPR), has urged Nigerians to invest in the downstream oil and gas sector to boost the country s crude oil production capacity. He made the remark in Ogbele community, Ahoada East Local Government Area of Rivers, at a meeting with the management of ND Petroleum Resources, a private sector investor in oil and gas in the area. Sarki said that DPR was on an Executive Management facility visit to the privately-owned Nigerian company to ascertain its production, refining and distribution capacity. ....
By Edith Ike-Eboh Abuja, Feb. 9, 2021 The Federal Government has inaugurated the Nigerian Upstream Cost optimisation Programme (NUCOP) to drive down the cost of crude oil production in the country. The Minister of State for Petroleum Resources, Chief Timipre Sylva, at the inauguration on Tuesday in Abuja said that cost reduction of crude oil production would help Nigeria remain competitive in the global market. “NUCOP is aimed at optimising our upstream operation expenses through process enhancement and industry collaboration. “One of the top priority areas given to the Ministry of Petroleum Resources under the Next Level agenda of Mr President is the reduction of the price crude oil extraction cost. ....
To print this article, all you need is to be registered or login on Mondaq.com. Various business regulatory agencies regulate the activities of companies in Nigeria. While some of the agencies apply to all businesses regardless of the sector, the nature of the business, others are specific to a particular sector. This write-up will give a brief overview of the regulatory agencies and identify whether such agency applies to all business or a particular sector. The agencies and their functions concerning businesses in Nigeria will be briefly discussed below. The Corporate Affairs Commission (CAC) This is usually the first and foremost agency every proposed ....