The Federal Government has said it would adopt a holistic approach towards addressing the infrastructural decay and other challenges facing the electricity industry. The Minister of Power, Works and Housing, Mr. Babatunde Fashola, stated that as part of these efforts to boost the electricity supply in the country, the Nigerian Bulk Electricity Trading Plc (NBET) and the Transmission Company of … Read More
Local Content Act To Prevent $80 Billion In Capital Flight
Hon. Emmanuel Okon, chairman of the senate committee on Local Content said during the inspection of a shipyard and fabrication complex operated by West African Ventures (WAV) at Onne in Rivers State that poor patronage of WAV shipyard, fabrication complex and marine facilities belonging to indigenous companies have worsened capital flight in the oil and gas industry. The committee has … Read More