
FG to end petrol subsidy June 2022, World Bank condemns N2.9tn funding
The World Bank has decried the continued spending by the Nigerian government on petrol subsidy, which it said is on track to gobble up N2.9tn this year.
The World Bank has decried the continued spending by the Nigerian government on petrol subsidy, which it said is on track to gobble up N2.9tn this year.
An energy and infrastructure conglomerate, Sahara Group, has said it will invest over $1bn to enhance access to Liquefied Petroleum Gas in Africa and emerging economies in a bid to boost energy transition on the continent.
Kyari received the award in a ceremony attended by eminent Nigerians at the Eko Hotel & Suites, Lagos on Saturday. They include the former Secretary to the Government of the Federation, Ambassador Babagana Kingibe; Kano State Governor Abdullahi Umar Ganduje, Ondo State Governor Rotimi Akeredolu; Edo State Governor Godwin Obaseki; Former Abia State Governor Orji Uzor Kalu; captains of industries and seasoned public servants.
As the largest economy in Africa, with huge gas reserves and high solar energy potential, Nigeria has all the natural resources necessary to meet these targets.
According to him” The TCN is currently embarking on the upgrade of 132 KV lines from Ikeja West to Ota and this activity is phased into four stages. This is the second stage and TCN is upgrading the 132kv lines with more robust and sophisticated replacements which provide an opportunity to increase power evacuation for improved supply to customers as well as offering excellent conductor capacity which can withstand very high voltage.”
Climate change mitigation and universal energy access are two global challenges that are inextricably linked.
Signing of the O&M agreement took place in July 2021, and is an extension of a previous 10-year agreement.
Schneider Electric, the leading firm in digital transformation, energy management and automation, has showcased pioneering energy management innovations and partner programs during its “Partnerships of the Future fueling sustainability and efficiency”.
Kyari disclosed this when the new President, Exploration and Production of TotalEnergies, Nicolas Terraz and his delegation visited him in Abuja, on Friday.
“This year, our revenue budget was N3.2 trillion. By the end of August 2021, we have generated up to 70 per cent.