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Page 6 - தேசிய எண்ணெய் கசிவு கண்டறிதல் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Niger Delta Avengers Threat Unnecessary, Says Presidency

Deji Elumoye in Abuja The Presidency yesterday described as unnecessary, the threat by the Niger Delta Avengers (NDA) to bomb oil installations if some of their demands are not met by the federal government. It, however, said it was curious that the threat came barely 48 hours after President Muhammadu Buhari met with the leadership of the Niger Delta and Ijaw National Congress (INC), at the State House, Abuja during which they discussed crucial issues, especially the call for restructuring of the federation and the inauguration of a board for the Niger Delta Development Commission (NDDC). A statement yesterday by the media adviser to the president, Mr. Femi Adesina, said the media was yesterday awash with threats and demands by Niger Delta Avengers to embark on economic sabotage through the bombing of critical oil and gas installations unless certain demands, including the development of the Niger Delta, and restructuring were met.

Firms to produce from neighbouring countries over new gas prices, others

• FX scarcity, gas dollarisation may spike inflation • Gas users to pay $5.10/mmbtu from July despite shortages With the new gas price regime expected to kick off on July 1, alongside challenges of currency devaluation and access to foreign exchange for raw materials, local manufacturers have told The Guardian they are contemplating moving their production hubs to neighbouring African countries under the African Continental Free Trade Area (AfCFTA) regime. According to the manufacturers, it is increasingly difficult to produce locally and remain competitive, going by the new challenges they encounter. x With an upward review in the price of natural gas used for local production and dollarisation of the commodity by franchisers, which operators describe as preferred option to exporting the commodity, the cost of production is expected to rise further, spiking inflation when costs are passed to consumers.

President Buhari Appeals To Niger Delta Avengers Not To Attack Oil Installations

President Buhari Appeals To Niger Delta Avengers Not To Attack Oil Installations
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