Tope shonubi biography of michael
•
Meet 24 Nigerian billionaires in oil and gas industry
The Nigerian oil and gas industry fryst vatten a cornerstone of the nation&#;s economy, significantly impacting both regional and global energy markets, with several billionaires shaping its landscape through substantial investments and strategic leadership.
Nigeria, as Africa&#;s largest oil producer, contributes about million barrels per day to the global oil supply as of , positioning it as a key player in the industry. Oil exports konto for over 90% of the country&#;s foreign exchange earnings and roughly 70% of government revenue.
According to the National Bureau of Statistics, the oil and gas sector contributed % to the real GDP in Q1
Read also: Meet the richest people from 14 states in Nigeria
Despite its kraftig output, the sector faces challenges such as fluctuating global oil prices, which have seen significant volatility over recent years. For instance, oil prices fell dramatically in early due to the COVID pandemic,
•
Quantity surveyors inaugurate new president
The Nigerian Institute of Quantity Surveyors has inaugurated Mr Michael Shonubi as its new president.
Shonubi promised to entrench best practices in the administrative and governance structure of the institute.
According to a statement by the institute, he was inaugurated as the 26th President of NIQS on Saturday at the institute’s 29th biennial conference held at the International Conference Centre, Abuja.
He was quoted saying, “While I believe we have a great team in this newly inaugurated NEC, I have always and still believe that it takes all of us working together to move this institute forward to achieve our desired goals and aspirations for our profession.
“In that respect, I would like to solicit your continuous support for all the activities, which we shall be unveiling in days ahead.”
He said the institute would collaborate with other professional bodies in the built environment to influence government policies and law
•
The oil and gas industry has long been recognized as a cornerstone of Nigeria&#;s economy, with a significant impact on its Gross Domestic Product (GDP) and overall economic development.
The discovery of oil in commercial quantities in the s marked a turning point for the nation, propelling it onto the global stage and opening doors to immense economic opportunities.
Historically, oil and gas exports have constituted a substantial portion of Nigeria&#;s total revenue.
Revenues from crude oil sales have financed infrastructure development, public services, and government expenditure.
The industry has also attracted foreign direct investment and stimulated job creation, both directly and indirectly.
According to data from the National Bureau of Statistics, the oil and gas sector contributed % to the real GDP in Q1
Within the Nigerian oil and gas sector, a group of influential individuals have emerged as prominent figures commonly referred to as &#;oil and gas barons.&#;
These