Yemie Adeoye

Nigeria Federal Government has announced that in view of the planning and strategies put in place to bring about a smooth passage of the Petroleum Industry Bill (PIB), investment inflow afterwards are expected to generate about 30,000 jobs locally even as it laments poor funding of gas infrastructure in the country.

The Minister of Petroleum Resources, Mrs. Diezani Allison-Madueke dropped this hint recently at a conference organised by the National Association of Energy Correspondents in Lagos.

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Boakai Fofana

Monrovia — Rio Tinto has announced plans to invest $170 million in its mining Simandou project in the iron-ore-rich region in south-east Guinea.

A leading international mining group based in the United Kingdom, the company has already invested $650 million in exploration and infrastructure development in the project.  Guinea, which has some of the world’s largest bauxite reserves, has been working to diversify by increasing production of gold and diamonds, as well as iron ore.

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DAKAR (Reuters) – Senegal said it was close to a deal with Danish company Jacobsen elektro for a new gas-fired power plant that could help it end its chronic electricity shortages by next year.

The government of the West African state has been under increasing pressure after the most severe power cuts in decades triggered widespread protests in July and led religious leaders to ask residents to stop paying their power bills.

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