Nigeria Economic Sustainability Plan: An overview

Image analyzing Nigeria Economic Sustainability Plan principles

This post highlights the Nigeria Economic Sustainability Plan, NESP designed to cushion the adverse effects of COVID-19. Instructively, The Economic Sustainability Committee, ESC developed the Nigeria Economic Sustainability Plan. Chaired by Vice President Yemi Osinbajo, the ESC comprised several Cabinet Ministers as well as the Group Managing Director of the NNPC and the Governor of the Central Bank of Nigeria (CBN). Terms of Reference Economic Sustainability Committee include: Development of a Plan that responds robustly and appropriately to the challenges posed by the COVID-19 pandemic; Identification of fiscal measures to…

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Local Content: NNPC advocates capacity upgrade

NNPC GMD addressing participants at local content

In order to achieve the target of reducing the cost of oil production in Nigeria on a sustainable basis, the Nigerian National Petroleum Corporation (NNPC) says indigenous companies operating in the nation’s oil and gas sector must upscale their capacity for global competitiveness.   The Group Managing Director of NNPC, Mallam Mele Kyari, stated this recently at a virtual stakeholders consultative summit organized by the Senate Committee on Local Content.  A press release by NNPC Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, quoted the NNPC GMD as saying that there was…

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