RemTrack Archives - OrderPaper

INSIGHT: Oil, revenue and the MTEF benchmarks

November 2, 20238 min

Crude oil production is a vital aspect of the MTEF benchmarks upon which the government builds revenue prospects to fund service delivery. Nigeria’s crude oil production is pivotal to its economy. With extensive reserves, which are concentrated primarily in the Niger Delta region, the country is one of the largest oil producers in Africa and a key player in the global energy market. Daily crude oil production in Nigeria has historically contributed significantly to...

by Efe Iseghohime

RemTrack

PERSPECTIVE: Artisanal mining as empowerment for youths

October 19, 202315 min

Artisanal mining of crude oil in the Niger Delta Region verges on criminality. But given the scale of the activity, should the government consider making it a possible avenue for empowerment of the youths? Energy plays an important role in the economy of any nation of the world. It directly and indirectly affects the standard of living of its citizens, the security, transport, growth and development of its society. The world is still largely run...

by Efe Iseghohime

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Energy transition: Biofuel as viable alternative to fossil fuel

October 11, 20236 min

Biofuel is a goldmine for Nigeria to harness in the quest for energy transition but the government must get its act right while industry players should live up to the billing Nigeria, often referred to as the “Giant of Africa”, is grappling with the dual challenge of energy sustainability and environmental responsibility. With a population of over 200 million people and an economy heavily reliant on fossil fuels, the nation faces increasing energy insecurity and...

by admin

Featured Open House RemTrack

Oil producing communities decry under-development despite $5.8bn mandatory payments

March 28, 20233 min

Communities lament increased rate of abandoned projects and exclusion from the needs assessment as well as budgetary decision-making processes carried out by the NDDC. Urges President Muhammadu Buhari to act on report of the forensic audit of the NDDC and fulfil his promise of recovering every stolen kobo Oil-producing communities in the Niger Delta region have continued to decry underdevelopment in their states in spite of the establishment of interventionist approaches like...