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Job: Nigeria, Britain partner to combat unemployment

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The Nigerian government has expressed its willingness to partner with the British Government in tackling unemployment and creating job opportunities for young persons in the country. The Minister of State for Labour and Employment, Dr Festus Keyamo, with the Political Counsellor, British High Commission, Mr Dominic Williams. PHOTO: NAN The Minister of State for  Labour  and Employment, Dr Festus Keyamo, stated this when the Political Counsellor, British High Commission, Mr Dominic Williams, paid him a courtesy visit in Abuja. “We are ready to collaborate with our partners all over the world to open up avenues for job creation. We are open to all kinds of suggestions and levels of co-operation,” he said. He disclosed that the Government has opened up other sectors as part of efforts to diversify the economy from oil, which would, in turn, create room for employment. According to him, part of the efforts of Government to diversify the economy and boost job creation...
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#OpenOilLicense: Nigeria Losing Revenue From The President’s Discretionary Powers

The Petroleum Act 1969 (as amended ) gives full authority or discretion to the minister of petroleum to grant licenses for the exploration, prospecting, and mining of oil, and empowers the president to “cause the farm out of a marginal field If it had been left unattended for a period of not less than 10 years from the date of its first discovery”. Unlike other countries where the management of oil resources are transparent, there are no legally mandated processes or oversight mechanisms for the allocation of blocks or marginal fields in Nigeria. Due to the discretional powers given to the President and Minister of Petroleum in the Petroleum act, Oil licenses are perceived as the biggest reward for political patronage in Nigeria, with many oil blocks now owned by politicians, ex military rulers and government cronies. A report by the Natural Resource Governance Institute (NRGI) in 2017, stated treat the weakest link in the nation’s oil and gas industry, especially in...