Tag: President Muhammadu Buhari

‘Nigeria loses $50bn to Oil Industry’s stagnation, uncertainty in 10 years’

ADEOLA YUSUF

President Muhammadu Buhari Wednesday in Abuja said Nigeria lost an estimated $50billion worth of investments in ten years, created by the uncertainty of non-passage of the Petroleum Industry Bill (PIB), lack of progress and stagnation in the petroleum industry. In his remarks at a ceremony on passage of the PIA, which preceded the Federal Executive Council (FEC) meeting, the President said the stagnation affected growth of the economy, citing lack of political will on the part of past administrations to actualize the needed transformation. Platforms Africa reports that President Buhari…

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Untold Story of N165.32bn that tore Nigeria’s Transport Minister, ex-NPA Boss Apart

ADEOLA YUSUF

  Official letter with which Ameachi ‘nailed’ Usman, demanded her suspension by President Buhari leaked   More facts have emerged on alleged missing N165.32 billion that tore Nigeria’s transport minister, Rotimi Amaechi and suspended Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman, apart. This came as an official letter with which Mr. Ameachi ‘nailed’ Usman snd demanded her suspension by President Muhammadu Buhari has been leaked President Muhammadu Buhari is probing alleged non-remittance of about N165bn operating surplus to the Consolidated Revenue Fund by the Nigerian Ports Authority.…

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