• FG to realize $15bn investments from JV cash calls’ elimination

    FG to realize $15bn investments from JV cash calls’ elimination

    It was gathered that the Federal Government on Thursday disclosed that it plans to end the era of joint cash calls with oil companies by next year.

    The move, the Government said would result in investments in excess of $15 billion by oil companies.

    ‎The Minister of State for Petroleum, Dr. Emmanuel Ibe Kachikwu, briefed State House correspondents after making presentation to the National Economic Council (NEC) meeting.

    The Minister sought NEC’s endorsement for the proposal already approved by the Federal Executive Council […]