Oando Plc Favour Ifeoluwa & Akinola Ajibade Oando Plc says it has completed and won the bid for the operatorship of oil block KON 13 in Angola. The firm which recently acquired Eni of Italy’s oil assets in Nigeria, said that the award of the oil block located in Angola’s onshore Kwanza Basin followed a competitive bidding process by the country’s oil and gas sector regulator. It further said hat the asset in which it owns 45 per cent participating interest, has estimated prospective resources of 770 to 1,100 million barrels of oil. Oando is handling its operations relating to the asset through its upstream subsidiary, Oando Energy Resources (OER). “Oando Plc, Africa’s leading indigenous energy solutions provider listed on both the Nigerian Exchange Limited and Johannesburg Stock Exchange is pleased to announce that its upstream subsidiary, Oando Energy Resources (OER), has been awarded operatorship of Block KON 13 in Angola’s Onshore Kwanza Basin, following a...
2023: Tinubu promises to create jobs, embark on full deregulation of the economy etc • moves GDP to 12 per cent
All Progressives Congress ( APC) Presidential Candidate, Asiwaju Bola Ahmed Tinubu has unfolded his vision for Nigeria, in the event that he wins the 2023 election.
He captures his vision, in a statement signed and sent to the News Mirror, by his Director of Media and Communication, Mr Bayo Onanuga, in sixth points titled: 'Tinubu's Roadmap for Nigeria'.
The roadmap, which covers socio-economic and political aspects of the Nigerian economy, borders on educational, health, security, energy, manufacturing and capital market.
According to him, 25 percent of the Nigeria's annual budget would go education, while 10 percent is going to be earmarked for health sector.
He promised to decentralise the police force, introduce commodity exchange system, fully deregulate the petroleum sector of the economy and stimulate the production and manufacturing of export products and improve electricity generation and distribution from 4,500 megawatts (Mw) to 15,000 Mw of electricity.
Nigeria, the APC's presidential aspirant, would move into a new era of economic prosperity, peace, security and political stability.
The former Lagos state governor, further said that the country would transform into an enviable country and one where there will be justice, peace and prosperity for all, with a “robust economy.
Tinubu said: " A vibrant and thriving democracy and a prosperous nation with a fast-growing industrial base, capable of producing the most basic needs of the people and exporting to other countries of the world.
Adding that: " A country with a robust economy, where prosperity is broadly shared by all irrespective of class, region, and religion.
“A nation where its people enjoy all the basic needs, including a safe and secure environment, abundant food, affordable shelter, health care, and quality primary education for all.A nation founded on justice, peace, and prosperity for all."
He promised to build an economy that will make the nation’s Gross Development Product grow quicker annually for the next four years, while also providie jobs for millions of youths in the country.
Still on the economy, Tinubu said that a new National Industrial Policy would be launch, with a view to reinvigorate specific strategic industries.
“I will focus on stimulating jobs, which will be my top priority as President. I will get Nigeria to work by launching a major public works program, a significant and heavy investment in infrastructure, and value-adding manufacturing and agriculture.
“My administration will build an efficient, fast-growing, and well-diversified emerging economy with a real GDP growth averaging 12% annually for the next four years, translating into millions of new jobs during this period,” he said.
Comments
Post a Comment