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Home » Business » The challenge of businesses is how to manage the macro, socio-economic issues Tony Elumelu
The challenge of businesses is how to manage the macro, socio-economic issues Tony Elumelu
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Chairman of Heirs Holdings, Nigeria’s leading multinational group with interests across the financial, Energy, Hospitality, Healthcare and other sectors in many countries of the world, Tony Elumelu, in this interview bares his mind on public interest issues around the group and the Nigerian economy. Excerpt.
In 2010, you left your position as the GMD/CEO of UBA and then ventured into serial entrepreneurship. Today, you run Heirs Holdings, Transcorp, you are into oil and gas, the Tony Elumelu Foundation (TEF) and many more. How do you manage to juggle all of these and what are the challenges you face in terms of managing all your businesses?
The executive
In the African corporate community, the name Tony Elumelu rings loud as one of the top five multi-sectorial big players in the continent’s economy. Originally a banker, Elumelu, who plays big in the Nigerian economy, regional economies and notable in the global terrain, is breaking grounds in sectors unrelated to his core skills as a banker. He holds sway at the commanding height of various sectors including banking, hospitality, power, oil and gas, health and philanthropy. In this interview with Arise News, the broadcast arm of THISDAY Newspapers, Elumelu, who is the President of Heirs Holding Ltd and Chairman of United Bank for Africa Plc, speaks on a wide range of issues in the economy, investment, power sector, entrepreneurship, amongst others. Nume Ekeghe, Chris Paul and Nosa Alekhuogie bring the excerpts:
Reps C ttee on Gas seeks more funding for NPDC vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.
By Udeme Akpan
Despite its over 200 trillion standard cubic feet, scf of gas reserves, Nigeria’s daily gas production dropped to 7,574.68 million metric standard cubic feet, mmscf in 2020, based on data collated from the monthly reports of the Nigerian National Petroleum Corporation, NNPC.
Year-on-Year, YoY, the output produced by the Joint Ventures, JV, Production Sharing Contracts companies and Nigerian Petroleum Development Company, NPDC, showed a drop of 4.43 per cent compared to 7,918.34 mmscf produced in the corresponding period of 2019.
However, on Quarter on Quarter, QoQ, the nation recorded 7,99.93 mmscf in the first quarter (January – March) of 2020, indicating a decrease of 2.69 per cent compared to 8,218.91 produced in the corresponding period of 2019.
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Nigeria’s daily gas production drops to 7,574.68 mmscf Investigation
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By Udeme Akpan
Despite its over 200 trillion standard cubic feet, scf of gas reserves, Nigeria’s daily gas production dropped to 7,574.68 million metric standard cubic feet, mmscf in 2020, based on data collated from the monthly reports of the Nigerian National Petroleum Corporation, NNPC.
Year-on-Year, YoY, the output produced by the Joint Ventures, JV, Production Sharing Contracts companies and Nigerian Petroleum Development Company, NPDC, showed a drop of 4.43 per cent compared to 7,918.34 mmscf produced in the corresponding period of 2019.
However, on Quarter on Quarter, QoQ, the nation recorded 7,99.93 mmscf in the first quarter (January – March) of 2020, indicating a decrease of 2.69 per cent compared to 8,218.91 produced in the corresponding period of 2019.