RemTrack Archives - Page 4 of 6 - Parliament Reports

Rep Salam calls for transparency and cooperation between public and private sectors

Leah TwakiJune 9, 20243 min

Salam emphasized the need for increased accountability and collaboration between the public and private sectors to ensure effective governance and financial integrity in Nigeria The Chairman of the House Committee on Public Accounts, Rep. Bamidele Salam (PDP Osun), has emphasized the need for increased accountability and collaboration between the public and private sectors to ensure effective governance and financial integrity. Salam made this call at a recent event on Private Sector dialogue on public finance...

RemTrack

Uphold accountability and prudent management of public resources – FRC charges private sector

Sharon EboesomiJune 7, 20244 min

OrderPaper organised a dialogue centred on the pivotal role of private sector engagement to address public finance management in Nigeria. The Executive Chairman of the Fiscal Responsibility Commission (FRC), Victor Muruako, Esq has called on the private sector to actively engage with the public sector to uphold accountability and prudent management of public resources. Muruako made this known while speaking at a private sector dialogue on public finance management and fiscal reforms on Monday, June...

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Tinubu’s ‘green’ mobility directive: All you need to know about the shift to CNG vehicles

Efe IseghohimeMay 16, 20245 min

In a groundbreaking move toward environmental sustainability, President Tinubu’s directive mandates Ministries and Agencies to transition to CNG-powered vehicles. This bold step signifies a significant shift towards cleaner energy solutions, aiming to reduce carbon emissions and promote a greener future for Nigeria. However, what are the overall implications and the fine lines of this transformative policy change? In recent years, the world has witnessed a growing concern over environmental issues, particularly the adverse effects of...

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68 years on as oil producer, Nigeria’s fuel queues linger: What’s the holdup?

Efe IseghohimeMay 3, 20245 min

What exactly is responsible for the recurrent fuel queues? Nigerians are Tired. Why hasn’t a lasting solution been found, 68 years later? Despite technological advancements and periodic promises of solutions by the government, the sight of long lines at petrol stations remains a regular occurrence, leaving many to wonder why this problem still plagues the nation. Nigeria National Petroleum Corporation Limited (NNPCL), the country’s profit-inclined state oil company, assures the public that it has rectified...

Nuggets & Learning RemTrack

TRENDING: Sustainability and Nigeria’s Oil and Gas Industry

Efe IseghohimeApril 9, 20249 min

Having examined the concept of sustainability and the various reporting frameworks, it is reasonable and justifiable to be curious as it relates to Nigeria’s oil and gas industry. This piece seeks to break down this relationship with a throwback to where it all started – the history of the black gold in Nigeria. Key facts on Nigeria’s oil and gas Nigeria is a nation rich in natural resources, particularly oil and gas. As of July...

Nuggets & Learning RemTrack

ANALYSIS: Emerging Regulation of Sustainability Reporting in Nigeria

Efe IseghohimeApril 2, 202411 min

The integration of sustainability into business models across industries is fast becoming a regulatory and compliance issue globally. And in this direction of play, Nigeria is moving along with the trend.

Archives RemTrack

INSIGHT: NNPCL, public revenues and the profit motive

Efe IseghohimeMarch 11, 20245 min

Ever wondered how the Nigerian National Petroleum Corporation Limited (NNPCL) earns and utilizes money and on whose behalf? This piece explores how the state-owned company generates income and makes profits as empowered by the Petroleum Industry Act (PIA) 2021 and how such revenues contribute to Nigeria’s economy. Until the enactment of the Petroleum Industry Act (PIA), 2021, the Nigeria National Petroleum Corporation (NNPC) was a state-owned behemoth that played both regulatory and commercial roles in...

House of Representatives RemTrack

Capacity strengthening on fiscal reforms able to reposition our country – Deputy Speaker Kalu

NewsroomFebruary 27, 20244 min

“It is imperative to recognize the effects that fiscal reforms can have on our nation. Our collective commitment to encouraging transparency fostering accountability, and responsible governance is why we are here today.” Deputy Speaker of the House of Representatives, Rep. Benjamin Kalu (APC, Abia) has stressed the need for lawmakers to consistently engage in capacity development concerning fiscal reforms and debt management to be abreast with global best practices to reposition the country’s financial sector....

RemTrack Spotlight

Amendment of FRA can ensure macro-economic stability – Muruako

Leah TwakiFebruary 27, 20243 min

“We dare say that if this Act had been amended in good time, Nigeria might have been spared the current macroeconomic challenges it found itself grappling with.” The Fiscal Responsibility Commission (FRC) has restated the need for the amendment of the Fiscal Responsibility Act to eliminate the inbuilt limitations within the Act. Executive Chairman, FRC, Victor Muruako, Esq. Made this call on Monday in Abuja at a capacity-building workshop designed for members of the National...

Nuggets & Learning RemTrack

INSIGHT: NNPC and the Akara Company Story

Efe IseghohimeFebruary 22, 20245 min

In discussions surrounding the transitioning of the Nigerian National Petroleum Corporation Limited (NNPC) to Nigerian National Petroleum Corporation Limited (NNPCL), misunderstandings persist about its ownership and mode of operations. One of the major misconceptions is whether or not the NNPC is a commercial or private company. Confused about what these terms mean? There is a story about the Akara for 4 the People Company that can help us understand what is important here. In case...

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