The proposed Petroleum Industry Bill (PIB), has continued to receive knocks from stakeholders and other concerned individuals and groups with workers in the upstream sector of the petroleum industry faulting among others, the absence of specific provisions on expatriate quota and local manpower training.
When embarking on the privatisation exercise meant to restructure its economic system, the Tanzanian government had pledged to remain as a partner that would be responsible for ensuring working economic policies and providing appropriate infrastructure for the private sector to build the economy upon.
Cross River State Government will privatise its ultra-modern poultry farm at Ikot Effanga Mkpa, Calabar, currently valued at over N30million.
As tension grips the nation over planned deregulation of the oil sector and the privatisation of the country's refineries, the Education rights Campaign (ERC) has threatened to mobilise Nigerian students and youths for nationwide protest actions and lecture boycotts should government fail to halt this policy.
The Independent Petroleum Marketers Association of Nigeria (IPMAN), yesterday advised the Federal Government to shelve the planned deregulation of the downstream oil sector for now, noting that unless the nation's refineries become functional, deregulation would create more problems for both Nigerians and the government.
Last weekend, the features feared as the likely outcome of the dreaded market deregulation burst out in full on the eve of November 1 which government initially slated for full deregulation of the downstream petroleum sector.
The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Dr.Abdallah El_Badri has described the deregulation policy of the Federal Government as a welcome development assuring that the Organisation will support the Government for it to succeed.
The cost of bringing grain through the port of Mombasa can be slashed if the number of players is reduced, a parliamentary team was told on Friday.
Technical Committee of the National Council on Privatization (NCP) at its meeting held yesterday ratified Skyway Aviation Handling Company Limited as the core investor in Skypower Aviation Handling Company Limited (SAHCOL) following the payment of the balance of N3, 865,470 representing 70% of its bid in the company.
Parliament will, after all, have the final say on whether Mombasa port will be privatised or not, a House committee said on Thursday.
For what could be termed as the most brazen of its daredevilry, the present anti-poor and pro-rich Yar'Adua regime has discovered a 'magic formula' of deregulation and privatisation of oil refineries for the backwardness and underdevelopment of the nation.
From the portents and signals, Nigeria seems not far from the throes of another contrived eruption. Already, there's a lot of sabre rattling that reminds one of those days in school when the aluta continua slogan was 'we no go gree o, we no go gree!' Self appointed champions of the people are already positioning themselves for talk shows, interviews, even street demonstrations where they will rail ...
Parliament will, after all, have the final say on whether Mombasa port will be privatised or not, a parliamentary committee said on Thursday.
Nigeria Labour Congress(NLC) has said one of the major reasons for rejecting the deregulation policy of the Federal Government is because of its firm belief that corruption and self aggrandisement are the major problems of the country's oil industry, and not subsidy.
From Algeria to Zimbabwe, there have been calls to develop the private sector. But some governments regard independent private sectors as a threat to their power and have even actively blocked business. Meanwhile African women have had a particularly raw deal in business. Some Africans question whether the private sector or the state should drive development.
