- In its efforts to reverse sharp drop in oil production, Nigerian government wants to restructure the oil industry.
Under the programme, more opportunities will be accorded to private investment in the sector.
Nigeria had been Africa's biggest oil producer until April this year, when Angola took the lead, producing 2.5 million barrels per day.
Insecurity in the Niger Delta has been slowing oil production and hiked world prices.
Nigerian President Umaru Yar’Adua has led a team of oil experts to brainstorm on the delays and financial difficulties that grip the Nigerian National Petroleum Corporation, which controls some 70% of Nigeria's production.
afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda.
afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries.
afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease.
afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared.
afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.
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