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Tinubu’s ‘green’ mobility directive: All you need to know about the shift to CNG vehicles

In a groundbreaking move toward environmental sustainability, President Tinubu’s directive mandates Ministries and Agencies to transition to CNG-powered vehicles. This bold step signifies a significant shift towards cleaner energy solutions, aiming to reduce carbon emissions and promote a greener future for Nigeria. However, what are the overall implications and the fine lines of this transformative policy change? In recent years, the world has witnessed a growing concern over environmental issues, particularly the adverse effects of...

68 years on as oil producer, Nigeria’s fuel queues linger: What’s the holdup?

What exactly is responsible for the recurrent fuel queues? Nigerians are Tired. Why hasn’t a lasting solution been found, 68 years later? Despite technological advancements and periodic promises of solutions by the government, the sight of long lines at petrol stations remains a regular occurrence, leaving many to wonder why this problem still plagues the nation. Nigeria National Petroleum Corporation Limited (NNPCL), the country’s profit-inclined state oil company, assures the public that it has rectified...

TRENDING: Sustainability and Nigeria’s Oil and Gas Industry

Having examined the concept of sustainability and the various reporting frameworks, it is reasonable and justifiable to be curious as it relates to Nigeria’s oil and gas industry. This piece seeks to break down this relationship with a throwback to where it all started – the history of the black gold in Nigeria. Key facts on Nigeria’s oil and gas  Nigeria is a nation rich in natural resources, particularly oil and gas. As of July...

INSIGHT: NNPCL, public revenues and the profit motive

Ever wondered how the Nigerian National Petroleum Corporation Limited (NNPCL) earns and utilizes money and on whose behalf? This piece explores how the state-owned company generates income and makes profits as empowered by the Petroleum Industry Act (PIA) 2021 and how such revenues contribute to Nigeria’s economy. Until the enactment of the Petroleum Industry Act (PIA), 2021, the Nigeria National Petroleum Corporation (NNPC) was a state-owned behemoth that played both regulatory and commercial roles in...

Capacity strengthening on fiscal reforms able to reposition our country – Deputy Speaker Kalu

“It is imperative to recognize the effects that fiscal reforms can have on our nation. Our collective commitment to encouraging transparency fostering accountability, and responsible governance is why we are here today.” Deputy Speaker of the House of Representatives, Rep. Benjamin Kalu (APC, Abia) has stressed the need for lawmakers to consistently engage in capacity development concerning fiscal reforms and debt management to be abreast with global best practices to reposition the country’s financial sector....

Amendment of FRA can ensure macro-economic stability – Muruako

“We dare say that if this Act had been amended in good time, Nigeria might have been spared the current macroeconomic challenges it found itself grappling with.” The Fiscal Responsibility Commission (FRC) has restated the need for the amendment of the Fiscal Responsibility Act to eliminate the inbuilt limitations within the Act. Executive Chairman, FRC, Victor Muruako, Esq. Made this call on Monday in Abuja at a capacity-building workshop designed for members of the National...

INSIGHT: NNPC and the Akara Company Story

In discussions surrounding the transitioning of the Nigerian National Petroleum Corporation Limited (NNPC) to Nigerian National Petroleum Corporation Limited (NNPCL), misunderstandings persist about its ownership and mode of operations.   One of the major misconceptions is whether or not the NNPC is a commercial or private company. Confused about what these terms mean? There is a story about the Akara for 4 the People Company that can help us understand what is important here. In case...

EXPLAINER: The 20 Subsidiaries of NNPC Limited

NNPC, Now NNPCL, Nigeria’s national oil company has undergone some rapid and significant metamorphosis in the last three years. Here’s why and these are the structural changes you need to know.  Despite the numerous motions to diversify Nigeria’s economy, there has not been a very significant movement away from petroleum as the mainstay. And given that the Nigerian state has been putting its mouth where its money is, the Nigeria National Petroleum Corporation (NNPC) has...

BODIJA BLAST: Illegal mining undermining the economy, environment and now the safety of our communities

What is the significance or value of having abundant solid mineral resources if Nigeria continues to be ravaged by illegal mining activities, resulting in substantial economic revenue losses, environmental degradation, and the endangerment of lives and property security? In August 2023, four illegal miners were killed following the collapse of a mining site in Kogo Kadage village in the Yadagungume area of Ningi Local Government Area of Bauchi State. Less than 6 months following that...

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