Lokpobiri

FG announces FID for Shell $2b OML 144 project

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has said Shell Nigeria has announced a Final Investment Decision (FID) worth $2 billion for a new offshore project in Nigeria’s HI Field, located in Oil Mining Lease (OML) 144, approximately 50 kilometres offshore. This was contained in a press statement issued by his

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Dr. Mohammed Bello Shehu

New revenue formula to empower states, LGs, says RMAFC chairman

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) is working on a new revenue sharing formula designed to empower state and local governments to meet their constitutional obligations effectively while maintaining national cohesion and macroeconomic stability. This disclosure was made by the chairman of the RMAFC, Dr. Mohammed Bello Shehu, during a panel discussion titled

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