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Monday, January 26, 2015
/newtelegraph
Vol. 1 No. 341
@newtelegraph1 www.newtelegraphonline.com
12 pages of the new york times }23 Nigeria records $21bn investment deficit in gas sector Adeola Yusuf
T
he delay in the passage of the Petroleum Industry Bill (PIB) has swollen the investment deficit in the gas
sector, which has hit $21 billion. Data obtained from the website of Wood Mackenzie have shown that the country witnessed $7 billion deficit between planned investments in
the oil and gas industry and the actual investment in one year. Wood Mackenzie is a global energy and mining research group with an international reputation for supplying comprehensive
data and written analysis. Nigeria had, in the last five years, also witnessed draught of about $40 billion in private sector investment in the oil and gas due to the non-passage of the bill.
The data revealed that $37 billion out of this is lost to the delay in the PIB passage, which has in return resulted in industry stagnation between 2008 and 2012. CONTINUED ON PAGE 7
N150
19days to go... Nigeria votes
2015
ria Nige
s vote
2015
}14 & 15
No violence at polls, US warns }5
lSecretary of State John Kerry meets Jonathan, Buhari Quick Read
Editorial
Baby Aishat must not die!
}19
Hoodlums burn PDP campaign vehicles }14 Travel Advisory President Goodluck Jonathan welcoming the United States Secretary of State, Mr. John Kerry, to the State House, Marina Lagos...yesterday. (See picture of Buhari and Kerry on page 5) photo: Timothy ikuomenisan.
24-hour curfew imposed on Borno capital
lScores killed as military repel Boko Haram attack on Maiduguri
}5
Your guide to local and international flights 4