Monday 22 September 2014

CSR News Summary Issue 92

Power: Tackling the Last Stumbling Block to Nigeria’s Power Progress

Nigeria, with its privatisation of the Power Generation and Distribution companies and the massive private investments that have followed suit, is on the right path to cutting ties with chequered past of epileptic power supply.
Published in ThisDay Newspaper on Monday, 15th September 2014

Health: Ebola is Nigeria’s Biggest Economic Threat

In the first week of July, Nigeria’s Finance Minister Okonjo Iweala disclosed that Boko Haram’s five year insurgency had knocked off 0.5 percent from Nigeria’s GDP growth rate; an Ebola epidemic the scale of Guinea, Liberia, or Sierra Leone would in a fraction of that time reduce Africa’s largest economy to its knees, thus the need for the country to avoid such a scenario at all cost.
Published in ThisDay Newspaper on Monday, 15th September 2014

Bilateral Trade: Nigeria to Double $40bn Trade with Asia By 2016

Nigeria is keen to bolster economic ties with the world’s most populated and fastest growing region Asia, as has agreed to double its bilateral trade volumes with the region’s countries from $40 billion to over $80 billion within the next to two years.
Published in The Punch Newspaper on Tuesday, 16th September 2014

Energy: Lagos Moves to Explore Nuclear Energy for Electricity

Lagos State Governor, Babatunde Fashola, on Tuesday, said the state government is looking towards exploring nuclear energy as an alternative source of power supply in the state.
Published in The Nation Newspaper on Wednesday, 17th September 2014

Energy: Nigeria Plans 20,000MW Generation From Renewable Sources

The Nigerian Federal Government has presented a draft of its Renewable Energy and Efficiency Policy to stakeholders, a successful Implementation of which will see the addition of 2,483 megawatts (MW) of electricity to the national grid by 2015.
Published in The Nation Newspaper on Wednesday, 17th September 2014

Environment: Bayelsa shuts Agip Facility over Oil Spill

Following an oil spillage in its facilities in Ayarabele and Kalaba communities in the Orkordia Clan of Yenagoa Local Government Area of Bayelsa, the state government has ordered the closure of an oil facility belonging to the Nigeria AGIP Oil Company, a subsidiary of the Italian oil giant, ENI Spa.
Published in ThisDay Newspaper on Wednesday, 17th September 2014

Power: NACCIMA calls for cancellation of Fixed Electricity Charge

The Nigerian Association of Chamber of Commerce, Industry, Mines and Agriculture (NACCIMA) has called for the cancellation of electricity tariff fixed charge to consumers in the country.
Published in The Niche Newspaper on Thursday, 18th September 2014

Economy: FG targets 30m Jobs, 70% GDP by 2043

The Minister of National Planning Commission, NPC, Dr. Abubakar Sulaiman says the proposed implementation of the newly approved National Integrated Infrastructure Master Plan, NIIMP would generate about 30 million jobs in 30 years across all sectors of the economy.
Published in The Niche Newspaper on Thursday, 18th September 2014

Environment: Chevron gets ultimatum to quit communities if…

The Gbaramatu, Egbema and Ogulagha Coastal Communities Front have issued a 21-day ultimatum to Chevron Nigeria Limited to stop all contracts, award/dealings with the Communities’ former Chairman, George Timinimi, or move out of their communities.
Published in ThisDay Newspaper on Friday, 19th September 2014

Investment: BoI targets 1000 cottage industries with N5bn Fund

The Bank of Industry, BoI , has announced the take-off of a N5billion Cottage Agro Processing, CAP, Fund targeted at financing 1,000 cottage industries engaged in processing activities across the country.
Published in National Mirror Newspaper on Friday, 19th September 2014




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