Nigeria’s continued dominance in oil production in Africa may soon be history following current oil deposit discoveries in other African countries. There are numerous discoveries in sub-Saharan Africa in the last five years, with the majority coming from East African countries like Tanzania, Uganda and Mozambique. By extension, Nigeria’s revenue profile is likely to suffer the same fate too.
There is a need to provide a credible alternative to the electorate, a need borne out of the growing discontent of Nigerians with the failure of the PDP-led government that has held power at the centre since 1999 to transform the country’s fortune despite multi-billion dollars in oil revenue. This need has necessitated the merger of some opposition parties with the aim to salvage the beleaguered Nigerian people from the present socio-political and economic downturn. So much was the euphoria that greeted the announcement of the All Progressives Congress (APC) that it sent jitters across the political divide.
Frequency spectrum is the life-blood of the wireless industry. Nigeria’s telecommunications industry risks losing huge foreign direct investments as a result of poor management of the national frequency spectrum resources, analysts have warned.
The remodelling work being done by JDP Construction, the level of human and vehicular traffic and the volume of commodities moving through the Seme border is a spectacle. On a normal day, commodities worth several millions of Naira go in and out of Nigeria through the place.
The ports concessioning by the Federal Government was to encourage massive investments in port infrastructure and facilities, enthrone efficient port operations and improve vessel turnaround time. However, the absence of legal framework is threatening private sector operators at the ports, writes AMAKA ANAGOR.
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