The whopping sum of $26.5b, which the Federal Government has so far spent on the maintenance of its loss-making 445, 000 barrels/day capacity refineries, is capable of building three new refineries of the same size going by the cost analysis of refinery projects across the world.
Power consumers have raised the alarm that power distribution companies were now selling the free meters that were provided for electricity users by the Federal Government.
The 2021 edition of REN21’s Renewables in Cities Global Status Report, shows that one billion people live in cities with a renewable energy target or policy. The number of cities that have enforced partial or complete bans on fossil fuels jumped fivefold in 2020. With a special focus on Sub-Saharan Africa, the report shows that despite many challenges, city governments across the region have taken important steps to advance the deployment of renewables.
As the largest economy in Africa, with huge gas reserves and high solar energy potential, Nigeria has all the natural resources necessary to meet the growing demand for electricity. However, the inadequate energy infrastructure still leaves a significant part of the population without power or relying on oil-fired back-up generators.
The Nigerian National Petroleum Corporation (NNPC) has said that the Federal Government is going to consult widely before halting subsidy on Premium Motor Spirit, popularly called petrol.
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A wealthy population combined with a weak tradition of environmental awareness has put the UAE’s per capita rates of solid waste generation well above the global average.
While speaking at the groundbreaking for the Rungas composite cylinder manufacturing plant in Alaro City Free Zone, Epe, the Minister of State for Petroleum Resources, Mr Timipre Sylva, urged Nigerians to disregard the increase, explaining that it was a mix-up.
Nissan Motor Co. Ltd has announced Guillaume Cartier as its new Chairperson for the Africa, Middle East, India, Europe and Oceania (AMIEO) region.
The six winning female Start-up Founders at the just-concluded Nigeria Digital Economy Summit (NDES) Accelerator Programme held in collaboration with Foresight Seeds Fund, a part of The Foresight Group, will receive some sponsorship and continued mentorship from Schneider Electric, Foresight Seeds Fund and other partners for the next twelve months to enable them to evolve into successful businesses.
