As Power Generation Drops, Buhari Says It’s No Longer Laughing Matter

(LinkMoment). President Buhari on Monday could no longer hide and/or make excuses on the lowest drop in power generation ever, as such stated that the situation was no longer funny. According to Vanguard reports, the President delivered a keynote address at the opening ceremony of a two day summit of the National Economic Council, NEC, in Abuja, where he said the...

Buhari Government Begs Shell, ExxonMobil And Others Not To Fire Nigerian Workers

OPEC, (LinkMoment). The Nigerian government has called on its foreign oil partners to rethink plans for major employment layoffs as a result of the falling oil prices and revenues. The plea comes after oil labour unions in the country have threatened strike action if job losses are announced. Global oil companies have been forced to reduce their workers as development plans...

Oil Industry Market Is Unsustainable And Totally Unacceptable – Buhari

(LinkMoment). The OPEC cartel needs to take action to stabilize the oil market because crude prices have fallen to “totally unacceptable” levels, Nigerian President Muhammadu Buhari said on Sunday. Nigeria, Africa’s biggest oil producer which earns around 90 percent of its foreign exchange earnings from crude oil exports, has been hit hard by the erosion of vital revenues caused by the...

Nigerian Labour Congress Starts Massive Protests Over Electricity Tariff Increase

(LinkMoment). In reaction to the recent 45 percent increase in electricity tariff which the Nigerian government imposed on the consumers, thattook effect from February 1, 2016, the Nigerian Labour Congress, (NLC), has commenced a massive protest against the increase. NLC says the hike is unnecessary. "Under the new power  tariff regime, electricity consumers in R2 class, said to be under residential, will pay N24.30...

Action On Climate Change Creates a Circle for Health and Economic Growth

Ngozi Okonjo-Iweala and Flavia Bustreo, (LinkMoment). Joint comment: Incoming chairwoman of Gavi Alliance Ngozi Okonjo-Iweala and WHO Assistant Director General Dr Flavia Bustreo. With climate finance as a key lever in the Paris accord, countries concerned with the costs of a low-carbon development pathway may borrow a page from the playbook of health finance experiences. Societies that invest in low carbon growth...

Oil Drops Below $35, Lowest Since 2004, Thereby Affecting Nigeria’s Economy Negatively

(LinkMoment). Oil Drops Below $35, Lowest Since 2004, As U.S. Supply Swells. Reuters reports that, "Crude oil prices plunged 6 percent on Wednesday, diving below $35 per barrel for the first time since 2004 as data showing a shockingly large build-up of U.S. gasoline supplies fed fears that a global surplus was still growing." "The focus on Wednesday was U.S. government data...

Southsouth: Where Would You Be Better Off In 2050 When Your Oil Is gone?

Chinomnso Awazie, (LinkMoment). THE SOUTH-SOUTH IN 2050. To my South South brethren, just ponder these questions: 1. Thirty seven (37) years from today, i.e 2048, Nigerian oil from known reserves would have dried up, EXCEPT new reserves are discovered. Even a two-week old puppy knows that when 'Nigerian-Oil' is mentioned, in essence we are talking of oil that is predominantly in the South-South....

Fuel Subsidy Removal And PMS Pump Price Reduction: The Lies By Buhari And His Propagandists

Chinomnso Awazie, (LinkMoment). When crude was $100+ per barrel, there was definitely need for fuel subsidy to Nigerians as clearly, the crude oil being refined has to still come at prevalent market prices and imported fuel still hugged the crude price trajectory. Common sense makes it abundantly clear that the higher the price of raw materials, the higher the price...

Iran Speeds Up Oil Reform While Nigeria Sleeps Chasing Shadow

(NIGERIA MOMENT). According to BusinessDay report, the Iranian government has implemented oil reform which resulted in 137 foreign oil firms line up for new contracts in Iran. On the other hand, the government of Buhari is busy sleeping and at best chasing shadow, while their Iran counterpart are currently aiming at 5.7 m bpd production. It must be noted that NNPC...

N2.7 Billion Severance: A Ruse To Take Over NERC – Sam Amadi

(NIGERIA MOMENT). So, Nigerian Electricity Regulatory Commission (NERC) commissioners have earmarked N2.7 billion to pay themselves? You believe this? Don’t believe it. This is a ruse to undermine my credibility so that a political gang that wants to ensure I don’t continue as NERC Chairman can succeed. This is an obvious script The Daily Trust journalist who wrote the story notified...

Buhari: I Don’t Know What Fuel Subsidy Means, And Now FG To Pay N413 bn In Oil Subsidy

(NIGERIA MOMENT). According to Vanguard News report, the Buhari's government, has approved the payment of N413 billion to petroleum products marketers being the outstanding payment for subsidy claims, even as marketers insist they are owed about N470 billion. READ DETAILS: The development comes as the Petroleum Products Pricing Regulatory Agency, PPPRA, which is responsible for approving such claims revealed that it...

Buhari’s Government NNPC Loses N120 billion In Two Months

Buhari's Government run NNPC Loses 120 Billion In Two Months
(NIGERIA MOMENT). The Buhari's government run Nigerian National Petroleum Corporation (NNPC) incurred a total loss of N120.07 bn in the months of August and September, according to the NNPC Group financial report.                         In the month of August 2015 and September 2015, the corporation incurred losses of N60.67 billion and N59.40 billion, respectively. Also shown is the fact that the Nigeria National oil...

Case Study: Advanced Material Resources For A Circular Economy

(NIGERIA MOMENT). COUNTRY SCENARIO, NIGERIA. In order to use real national waste data to score the economics of material recovery resources, we will be using data from Nigeria the most populous African Nation.. Nigeria generates 65 million tons of municipal solid waste , and 1.2 million tons of electrical waste annual according to data from Waste Management Society of Nigeria (WAMASON) and...

Britain May Be Meddling In Third World Ethnic Cleansing On Purported Diezani Arrest

(NIGERIA MOMENT). According to this BBC feature, a recently created corruption unit may have arrested Diezani. Was this unit created to hound opponents of Buhari? Is it an attempt to shore up the waning image of a puppet installed in Nigeria by Barack and David? Can the person who signed this arrest order claim ignorance of the mucky political intrigues emanating...

The Role Of Lawyers In Protecting Electricity Consumers – Sam Amadi

(NIGERIA MOMENT). It is very fitting that this segment of the Nigerian Bar Association (NBA) conference is focused on the role of lawyers in protecting consumer rights. In the last couple of weeks the Internet has been abuzz with the Senate’s recent effort to protect the consumers of electricity in Nigeria against what it considers exploitation by the distribution companies. The...

Fighting Sub Saharan Africa Energy Poverty Using Free Market Principles & FITs

(NIGERIA MOMENT).  FORWARD - By Cade Adams Agbugba A successful defeat of energy poverty in Sub Saharan Africa, MUST be replaced with eco-civilization. One, in which citizens are consumers and energy farmers and uses energy in a smart manner that will strikes a good balance between economic development, job creation and a sustainable relationship between Sub Saharan Africa and nature. As strange as it may sound, sub...

Geometric Power, General Electric To Build 1,080 MW Plant In Nigeria

(NIGERIA MOMENT). Lagos, (Yahoo - Reuters) - Nigeria's Geometric Power will build a 1,080 megawatt power plant jointly with General Electric , with the first phase of the project generating 500 MW expected to be completed in 2019 at a cost of $800 million. Geometric Power CEO, Bart Nnaji said the firm had also appointed London-based Standard Chartered Bank as financial...

Southeast Produces Enough Waste Daily To Build A 500 MW Plant And Enough Waste Poisoning To Die 2 Times

Cade Adams Agbugba, (NIGERIA MOMENT). Any Trip home for work or holiday is always a quality life for me. I eat in excess those delicacies I can't afford eating daily where I live and I have a running stomach for my greed. Going to Aba I had to stop in a roadside hotel for convenient as toilets are called in...

Fighting Sub-Saharan Africa Energy Poverty Using Free Market Principles and Fits

Cade Adams Agbugba, (NIGERIA MOMENT). FORWARD. A successful defeat of energy poverty in Sub Saharan Africa, MUST be replaced with eco-civilization. One, in which citizens are consumers and energy famers and uses energy in a smart manner that will strikes a good balance between economic development, job creation and a sustainable relationship between Sub Saharan Africa and nature. As strange as it...

Former CBN Governor Sanusi on Removal of Oil Subsidy (video)

(NIGERIA MOMENT) The former governor of Central Bank of Nigeria made the case for the removal of oil subsidy. Watch Video.

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