Nigeria's economy, which heavily relies on its oil industry, faces a looming crisis as many barrels scheduled for export in April and May 2025 remain unsold.
Wale Edun, OFR, Minister of Finance and Coordinating Minister of the Economy, presided over a signing ceremony at the Federal Ministry of Finance headquarters in Abuja endorsing the Consolidated Guidelines for the implementation of Fiscal Incentives for the Oil & Gas Sector
Some experts in the Oil and Gas industry have expressed concern that the cost of converting vehicles to use Compressed Natural Gas (CNG) may not be affordable for many Nigerians.
These women have made significant contributions to the sector and have paved the way for other women to follow in their footsteps.
NCDMB also recorded 54% Nigerian content level in 2022.
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A just transition is not just an environmental or energy sector conversation, it is a governance and economic stability one that must be had.
President Muhammadu Buhari has said that the FG has shown unparalleled commitment to the overhauling of Nigeria’s Oil and Gas Industry.
PPP is required to ensure policies that will drive investments are implemented.
NEITI has announced that Nigeria earned a total of $32.63 billion from the oil and gas sector in 2018.
