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.
The Chief Executive Officer of Century Power Generation Limited, Dr. Chukwueloka Umeh, says that for Nigeria to meet its National Mass Metering Programme (NMMP) target to meter 30 million consumers over two years, local manufacturers must be empowered to enable them ramp up production in order to meet the demands.
Mikano Motors, a subsidiary of Mikano International Limited, has completed plans to roll out autogas vehicles and electric cars in Nigeria.
The Federal Government of Nigeria has launched a ‘Solar Power Naija’ project, a programme focussing on 5 million solar connections for off-grid communities as part of the Economic Sustainability Plan (ESP) in response to the COVID-19 pandemic.
The Federal Government has promised to review and re-award three major power projects in Abia North Senatorial District in the first quarter of 2021.
For tax revenue to grow, the government must maximise tax collection, maximize the use of what has been collected and in order to be fully effective, they need to be accountable to those whom they have collected the revenue from in the first place,’’ said Ezekobe.
Dr. Umeh, who is also the Chief Operating Officer of the Nestoil Group lamented the impasse over the implementation of cost-reflective electricity tariffs in the country arguing that if electricity is not appropriately priced, the industry cannot attract the needed investments.
The federal government is in negotiations with the Republic of Chad in an agreement that could see it begin the supply of electricity to the North-Central African country soon.
The World Bank noted that the Nigerian government had eliminated petrol subsidy and established a market-based pricing mechanism with no price ceilings.
“But, our focus at Dangote is how to add value to the natural gas. After all, this Liquefied Natural Gas (LNG) that is being imported by various countries is used as fixed stock. They use this natural gas to generate power, fuel and as feedstock. The value-added products are thereby exported to Nigeria.
