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    Kapital FM 92.9 The Station that Rocks!

Failure

3 Results / Page 1 of 1

Economics

Failure To Implement PIA Funds Denied Niger Delta N1.65tr For Clean-up

The House of Representatives Committee on South South Development Commission says Nigeria’s failure to implement two critical Petroleum Industry Act, PIA, funds has denied the Niger Delta an estimated ₦1.27 trillion to ₦1.65 trillion that should have accrued for cleaning up polluted environments and decommissioning obsolete oil facilities since 2021. Chairman of the committee, Julius Pondi, said this during an interactive session at the National Assembly to examine the continued […]

todayNovember 26, 2025

Economy

Failure To Comply With Petroleum Act Undermines Economic Growth In Imo- Reps

The House of Representatives has warned that the failure of oil and gas companies to comply with petroleum and local content laws is depriving Imo State of jobs, revenue, and community development. This followed the adoption of a motion by a member from Imo State, Chike Okafor during plenary, which alleged that several oil firms had failed to establish operational offices in Imo or employ qualified local workers as required […]

todayOctober 16, 2025

Featured

Failure Of LG System A Threat To Security- PBAT

  President Bola Ahmed Tinubu has expressed concern over the failing state of Nigeria's local government system, warning that it poses a significant threat to national security and development. Speaking at a one day national discourse on security and good governance in Abuja, organized by the house of representatives, the President called for urgent action to address the crisis, emphasizing the need for autonomy and empowerment of local governments. Represented […]

todayMay 28, 2024