Tag: Energy
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Lagos State requires about $33bn investment to meet energy needs – Official
Lagos State requires about $33bn investment to meet energy needs – Official The Lagos State Government has projected an investment requirement of $14 billion to $33 billion to address its energy generation needs by 2030. This was disclosed by Mr. Kamaldeen Balogun, General Manager of the Lagos State Electricity Board, during the 15th Ralph Alabi Memorial Lecture and the…
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Nigeria, Saudi Arabia sign MoU on energy sector cooperation
Nigeria, Saudi Arabia sign MoU on energy sector cooperation Nigeria and Saudi Arabia have signed a Memorandum of Understanding on energy cooperation. Saudi Arabia’s Energy Minister, Abdulaziz bin Salman, disclosed this during the Saudi-Arab-African economic conference in Riyadh on Thursday. Reuters reports that during the meeting, Salman also met with Nigeria’s Minister of State for…
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India beckons on Nigeria, others for energy needs
Crude sells for $63 As India strives to reduce its energy reliance on the Middle East, Nigeria and other African nations could play a central role in the Asian country’s efforts to diversify its sources of oil and gas, its Oil Minister, Mr Dharmendra Pradhan, has said. India, the world’s third-biggest oil importer, has asked…