News
Economist Harps On Increased Energy Supply
An economist, Mr. Friday Udoh says increased energy supply is crucial to the economic advancement of Nigeria in the 2011 fiscal year.
Udoh, who is the South-South Coordinator of the Institute of Chartered Economists of Nigeria, made the observation recently in Eket, Akwa Ibom, in an interview with newsmen.
He said the current rate of energy supply in the country was grossly inadequate for the attainment of any meaningful economic growth.
Udoh said that boosting energy supply would pave way for the comatose industrial sector to come alive and kick-start the process of economic growth.
“There is still time to change the road we’re on; the future of our development depends on how successful we tackle our energy challenges”, he observed.
Udoh, an energy economist and gas supply value chain expert, noted that infrastructural development and liberalization of the industrial sector were pivotal to the successful implementation of government programmes.
He also stressed the need to streamline the regulatory functions in the energy sector as practised in developed countries, pointing out that the proliferation of regulatory bodies in the sector would lead to conflict.
The economist said that it was an irons that Nigeria, ranked the world’s seventh largest gas producer, was contending with an energy crisis.
News
198 UNIBEN Students Bag First Class
News
Bayelsa Education Fund, British Council trains tra 1,000 teachers
News
RSG INAUGURATES ARMED FORCES REMEMBRANCE DAY COMMITTEE
The Rivers State Government has inaugurated a Central Planning Committee to organize the celebration of the 2026 Armed Forces Remembrance Day (AFRD) in the State.
The committee was formally inaugurated by the Secretary to the State Government, Dr. Benibo Anabraba in Port Harcourt, last Thursday.
Dr Anabraba who also serves as Chairman of the Committee
highlighted the State Government’s deep appreciation for the sacrifices of Nigeria’s fallen heroes who laid down their lives for the nation’s peace and unity.
“These heroes have given their lives for the security and peace of our nation and deserve to be celebrated. The Armed Forces Remembrance Day is an opportunity to show our gratitude for their sacrifice,” he said.
Dr. Anabraba further extended recognition to all Security Agencies in the State, emphasizing the importance of the event in appreciating their contributions to national security and sovereignty.
The annual Armed Forces Remembrance Day, observed on January 15 across the country is dedicated to remember Nigeria’s departed soldiers and honouring the nation’s veterans.
-
News2 days agoRSG Woos Investors As PHCCIMA Unveils Port Harcourt Int’l Trade Fair
-
Environment19 hours agoUNEP REPORT: FG MOVES TO DESIGNATE OGONI WETLAND RAMSAR SITE
-
News20 hours agoRSG Woos Investors As PHCCIMA Unveils Port Harcourt Int’l Trade Fair
-
Opinion19 hours agoAs Nigeria’s Insecurity Rings Alarm
-
Business20 hours agoBan On Satchet Alcoholic Drinks: FG To Loss N2trillion, says FOBTOB
-
Oil & Energy1 day agoEmerging Economies Are Powering A Renewable Energy Revolution
-
Environment19 hours agoEtche Community Blames Erosion on poor conditions of its Road
-
News20 hours agoFubara Restates Commitment To Providing Democratic Dividends
