budgets

Nigeria Budgets For Inefficient Monopolies – Wale Oluwo

Nigeria Budgets For Inefficient Monopolies – Wale Oluwo

Olawale Oluwo is a former Lagos State Commissioner for Energy and Mineral Resources who resigned his appointment at the tail end of the Lagos State Governor, Akinwumi Ambode tenure.

Oluwo, who was the speaker at the Afang Summit held recently in Lagos, a monthly gathering of men and women from all sectors of the economy organised by a Lagos based Investment Banker, Joseph Edgar, said among other things that the current Nigeria economy reality cannot drive the country to an enviable destination, that until the Nigerian government hands off sectors of the economy it has no business going into, the …

2020: Petroleum Ministry Budgets ₦42M For Sewage Disposal

2020: Petroleum Ministry Budgets ₦42M For Sewage Disposal

Ministry of Petroleum Resources has budgeted a sum of ₦42,980,935 for disposal of sewage in the 2020 appropriation bill. The ministry also budgeted ₦104 million for local travel, transport and training.

This was contained in a document which gives a breakdown of the ministry’s 2020 appropriation bill obtained by newsmen.

In the proposed budget tagged: ‘Deliverables of the Next Level Agenda,’ the ministry promised to eradicate smuggling of Premium Motor Spirit (PMS) across Nigerian borders and also implement reduction of government stake in oil ventures to 40 percent.

The ministry also promised to complete gas flare commercialisation programme, and …