Oil has made Saudi Arabia a global economic power, but the government has just announced an ambitious plan to move away from oil. As part of the plan, ARAMCO, the NNPC of the Saudi government will stop being a state-owned company, and instead, become a publicly traded company whose shares (5% at IPO) can be bought…… Continue reading How Nigeria can balance its budget and diversify from oil without borrowing heavily
Category: Economy
The killing of Igbo businessmen in Bayelsa must stop
The link between the Igbo people and the people of Bayelsa State certainly got closer in the presidency of Goodluck Jonathan, their son, whom the Igbo people supported so much during and after his rise to the presidency. It was Dora Akunyili, an Igbo Amazon of blessed memory that moved mountains to make sure that…… Continue reading The killing of Igbo businessmen in Bayelsa must stop
50 shops in Ladipo Market burnt to the ground.
This is bad. Very bad. People’s livelihoods are gone and replaced with massive debt. At a time like this!? See what a trader told The Nation about the fire. “The fire was caused by gas; there is a woman who cooks nearby we heard her gas was left on and that lead to the fire…… Continue reading 50 shops in Ladipo Market burnt to the ground.
Good News: Ondo begins Immediate bitumen exploitation: 10,000 barrels per dayÂ
The move of enlightened Nigerian governments to diversify the economy in the light of the catastrophic collapse of oil prices has received a massive boost courtesy of the Ondo State Government. This is not just a case of agreements but a case of action as exploitation is taking off immediately. An American company, Liquefied Resources…… Continue reading Good News: Ondo begins Immediate bitumen exploitation: 10,000 barrels per dayÂ
Ondo Governor Mimiko moves to end electricity problem in Ondo South
Ondo South senatorial zone has been suffering from gross absence of electricity for  a very long time, but on Tuesday, Ondo Governor Olusegun Mimiko made moves to end the ugly situation – his government signed a Memorandum of Understanding with Benin Electricity Distribution Company (BEDC), in order to restore light to the affected area. While…… Continue reading Ondo Governor Mimiko moves to end electricity problem in Ondo South