…deploy CNG infrastructure across the state Blue Stone Gas and Power Ltd, a leading gas and power company in Nigeria has signed Memoranda of Understanding with the Cross River State Government for the Generation of 20 Megawatts power and deployment of Compressed Natural Gas (CNG) infrastructure across the State. The Memoranda of Understanding was signed on Thursday 27th June, 2024 at the Ministry of Power and Renewable Energy, Calabar. Present at the signing of the MOUs were the Honourable Commissioner, Ministry of Power and Renewable Energy, Prince Eka Williams, the…
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Firm Signs MOU With UNICROSS On Training Of Automobile Technicians
A leading gas and power company in Nigeria, Blue Stone Gas and Power Limited has signed a Memorandum of Understanding with the University of Cross River State for the institution to provide training for Members of Nigeria Automobile Technicians Association NATA and others on retrofitting of Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO) vehicle engines with Compressed Natural Gas ((CNG) kits in Cross River State. The event which took place on Tuesday 25th June, 2024 at the University of Cross River State, Calabar had the Acting Vice Chancellor…
Read MoreTinubu Appoints Infracorp As Lead Developer Of Nigeria’s Green Industrial Zone, Evergreen City
In line with his commitment to ensure industrial development that meets the demands of the present and the future, President Bola Tinubu has approved the appointment of The Infrastructure Corporation of Nigeria (InfraCorp) as the Lead Arranger and Developer of Evergreen City, Nigeria’s green industrial zone, with the following terms of reference: (1) Selection of partners/consultants to undertake critical development activities, including project design, environmental impact assessments, feasibility studies, financial modelling, and market engagement. (2) Raising private funding for the development of the city and constituent projects. (3) Coordinating with…
Read MoreAfrican Refiners, Distributors Association, Partners Global LPG Announce $1 billion Fund For Clean Cooking In Africa
By Ebriku John Friday The Global LPG Partnership (GLPGP) and the African Refiners and Distributors Association (ARDA) announce their intention to raise a $1 billion fund to enable clean cooking with liquified petroleum gas (LPG) for millions of people ahead of the International Energy Agency (IEA) Summit on Clean Cooking in Africa. This game-changing venture aims at stimulating and supporting rapid LPG sector development in Africa at scale, building on ARDA members’ distribution and human capacity and GLPGP’s LPG policy, regulatory and investment planning capability. The goal is to catalyze…
Read MoreOtu Secures $3.5bn Afreximbank Funding For Bakassi Deep Seaport
By Ebriku John Friday Cross River State government, has secured a $3.5 billion funding from the Pan-African multilateral financial institution, African Export-importbank (Afreximbank) for some of its key infrastructure projects in the state. Governor Bassey Otu, who was in Egypt, last week for a workshop, also visited the African Export-Import Bank (Afreximbank) in Cairo, to explore partnership in key infrastructure projects to be undertaken in the state. The workshops held during the visit culminated in the signing of a project preparation facility for the development of a deep seaport estimated…
Read MoreTinubu To Perform Groundbreaking Of Multi-billion Naira Abuja Airport Garden City – Firm
…to accommodate over 3,000 residents, businesses …AIG Ayodeji assured of security … construction partners guarantee quality work By Ebriku John Friday As part of effort and vision to tapped into the Tinubu’s ‘Renewed Hope’ Agenda , a real estate firm of global repute, First Rotech Group of Companies Ltd, has disclosed that President Bola Tinubu will perform groundbreaking of multi-billion Naira Abuja Airport Garden City. The disclosure was made by the Chairman of First Rotech Group, High Chief Austin Oguejiofor, after a tour of the site located in Gousa, along…
Read MoreOtu Woos Investors To Cross River, Targets $9 Billion Economy By 2031
…markets opportunities to diplomatic community By Ebriku John Friday Cross River State Governor, Prince Bassey Otu, has showcased attractive investment opportunities in various sectors in the state to members of the diplomatic community and development partners, targeting $9 billion economy for the state by 2031. Otu called on prospective investors to take full advantage of opportunities in agriculture, manufacturing, solid minerals, oil and gas, as well as hospitality to invest in the state. The governor spoke at the first “Executive Governor’s Roundtable” organised by the state government in Abuja, with…
Read MoreThe World Bank and IMF Should Refocus Its Operations in Africa to infrastructure Based financing – MD Policy House International
The Managing Director of Policy House International and the Executive Director of Incentive Based Initiative (IBI) Nigeria Taiwo Akerele has advised the world bank and the IMF to refocus its operations in Africa to infrastructure based financing and reduced its portfolio on social development to promote an enhanced accountability mechanism for the governments in the region. He stated this at the CSO virtual side events during the annual meetings of the world bank in Washington DC, United States of America. He was quoted ‘Africa is lacking in key infrastructure especially…
Read MoreFinance Minister Allays Fear Over FG’s Borrowing Plan
…says revenue growing successfully The Minister of Finance, Mrs Zainab Shamsuna Ahmed, has assured Nigerians that there is no cause for alarm over Federal Government’s borrowing as it still remains within the fiscal limits. She also explained that with the global trends in global economic growth indicated risks in spite of these the efforts made by the Buhari-led administration with the Economic Recovery Growth Plan, ERGP, the economic exited recession. She said: ‘We have been very strategic in the management of our debts, revenues, infrastructure, and human capital. These plans…
Read MoreInfrastructural Devt: Minister Of Finance Heads 13-Man Scheme’s Management Committee
…Dangote, 5 investors set to execute 19 road projects in 11 states Following Federal Government’s resolve to continue with massive infrastructural development across the country under Executive Order #007 signed by President Muhammadu Buhari on Friday, the Minister of Finance, Mrs Zainab Shamsuna Ahmed, will chair the 13-man Scheme’s Management Committee of various road and bridge projects under the pilot phase. This was contained in the statement signed by the Special Adviser to the Minister of Finance on Media and Communications, Paul Ella Abechi, where Ahmed explained that President Muhammadu…
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