Industry Dynamics

As part of efforts to consolidate on reforms in Nigeria’ oil and gas industry, the Nigerian Content Development Monitoring Board (NCDMB) says it is commited to the development of indigenous operators in the sector.

A foreign oil company plans to build a crude refinery in Nigeria with capacity of 150,000 barrels a day through its Agip subsidiary, the country's oil minister said on Tuesday.

The Tanzanian Government has recently announced that over 100 Chinese investors will set up their businesses in the country, as part of a five-year program backed by the China Africa Development Fund (CADFund)

Rwanda Government plans to double mineral productivity in the next two years in an effort to generate $400 million by 2018 from the current $166 million.

The oil deposits in the east African nation are estimated at 750 million barrels. Leading the pack in assisting the country reach its full oil potential is British explorer, that has had a presence in the country for the last 5 years.

In looking for gold, you could start with geochemical mapping, which enables you to do sampling at different places. In this process, you collect soil types, rock types and even stream sediments, which you take to the laboratory and analyse.

With 80 million hectares of fertile and arable land and only 10% of the soil being worked, the agricultural investment plan aims to ensure food security and promote social integration with the creation of a million jobs in rural areas.

SEPAN has urged the federal government to extend the many financial interventions it has created in the power sector to the renewable energy sub-sector, stressing that one megawatt of renewable energy could create over 300,000 job opportunities.

The agricultural sector, which is dominated by products such as cocoa, coffee, cashew nuts and cotton, accounts for at least 50% of the West African nation’s exports and is estimated to support between 60-70% of jobs in the country.