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Tag Archives: Yemi Osinbajo

Shell yet to pay $200m yearly counterpart fund for Ogoniland cleanup–MOSOP

Ogoni cleanup

More facts suggesting that the cleanup of polluted Ogoniland in Rivers State may remain a mirage emerged in Port Harcourt on Wednesday as the leadership of Movement for the Survival of Ogoni People (MOSOP) has alleged that Shell Petroleum Development Company (SPDC) is yet to pay $200m, its share of the counterpart funding. Before now, there had been claims and ...

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FG’s silence on Varsity, community refineries may return hostilities in N’Delta


Palpable tension is gradually brewing across the oil communities over what some of their leaders and notable critics see as official silence of the federal government on key demands for peace made by the Niger Delta region. Though a government spokesman said the government has not reneged on the agreement and the government will never do so, an official recently ...

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Nigeria’s power supply epilepsy enters second quarter—NOIPolls

Power transmission lines

Whereas the Acting President, Prof. Yemi Osinbajo and the Minister of Power, Works and Housing, Mr. Babatunde Fashola, on Tuesday in Abuja claimed that much has been achieved in the power sector in the last two years, latest electricity availability poll results for both ordinary and corporate citizens in the 1st half of 2017 (January to June), covering Q1 and ...

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How power sector lost N1.43 bn on June 17 to gas, grid disruptions

power transmission lines

Fresh figures statistics released by the Presidential Advisory Power Team (PAPT) overseen by the Acting President, Yemi Osinbajo on Wednesday revealed that the nation’s power sector lost about N1.43 billion to constraints associated with grid and gas in one day (June 17, 2017) . Details showed that the disruptions involved 1,724 mega watts (MW) for gas while line constraints involved ...

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2018 budget’ll hit the National Assembly before October this year—Udoma


Indications have emerged that the annual budgetary timing challenge which frustrated both the 2016 and 2017 budget may not rear its head again. This is coming on the heels of the revelation made by the Acting president, Yemi Osinbajo shortly after inking the 2017 Appropriation Bill into law, showing that preparatory activities for the 2018 budget based on the Federal ...

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FG raised PIPCAC to boost partnership between public, private sector operators

Acting president, Prof Yemi

More details have emerged on why the Acting President, Yemi Osinbajo earlier in the week inaugurated the Presidential Industrial Policy and Competitiveness Advisory Council (PIPCAC). The Council which he, Osinbajo will serve as the Chairman had two Executive Vice chairmen. Whereas the Minister of Investment, Commerce and Industry, Dr. Okechukwu Enelamah will serve as the Vice Chairman, Public Sector, Aliko ...

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Fear of exposing expatriates to pollution hazards behind non-relocation of IOCs— Reports

Oil firms

A report released by the Business Hilights Economic Research Team (BHERT) on Monday in Port Harcourt after one week of intelligence gathering on why International Oil Companies (IOCs) in oil communities have shown that the reason behind the rejection of the presidential order is to avoid exposing its expatriates to the hazards of environmental pollution. BH had few days after ...

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Acting president, Prof Yemi

DEMOCRACY DAY SPEECH BY HIS EXCELLENCY, PROF. YEMI OSINBAJO, SAN, THE ACTING PRESIDENT OF THE FEDERAL REPUBLIC OF NIGERIA, COMMEMORATING THE SECOND ANNIVERSARY OF THE BUHARI ADMINISTRATION, MAY 29, 2017   Dear Nigerians, I bring you good wishes from President Muhammadu Buhari, GCFR, who as we all know is away from the country on medical vacation.   Today marks the ...

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Osinbajo worried on jumping price of Garri, Nigeria’s leading staple food

GARRI Osinbajo

Indications emerged towards the end of last week that the Federal Government may issue another Executive Order that will compel security agencies and states governors to take proactive steps towards ending frustrations faced by farmers in the hands of Fulani herdsmen. Since the beginning of second quarter, there has been a steady rise in the price of Garri while other ...

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Worst disruptions in oil communities over, we look ahead to 2.2mbpd soon—Oando


Relying on the sustained peace in oil producing communities since the visit of Acting president some months ago, the chief executive of Oando Plc is upbeat that production could reach 2.2 million barrels per day (bpd) by the end of June. Business Hilights recalls that at the return of hostilities in oil rich Niger Delta, Acting President, Yemi Osinbajo summoned ...

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