Nigerian Vice President Namadi Sambo said decreasing oil sales to the U.S. are an opportunity to create jobs by building refineries and developing markets closer to home.
Nigerian President Goodluck Jonathan has chosen Namadi Sambo, the governor of Kaduna state, as his deputy, ThisDay reported, without citing anyone.
Nigeria has evidence that an insurgency in the country is being influenced by external forces, Vice President Namadi Sambo said, as the army announced a senior militant aide was found dead at the border with Niger.
Nigeria’s government recognizes and welcomes a cease-fire announced by the Islamist militant group Boko Haram and is considering how to respond to it, Vice President Namadi Sambo said today.
Nigeria and South Africa pledged to strengthen diplomatic ties and boost trade in oil and other products after patching up a diplomatic row over deportations.
Nigeria plans to sell 200 billion naira ($1.33 billion) worth of bonds to help revive the country’s automobile industry, BusinessDay reported, citing Vice President Namadi Sambo.
Namadi Sambo was sworn in as Nigeria’s vice president following the approval of his nomination by parliament yesterday.
Nigeria approved bids from companies including Siemens AG and Korea Electric Power Corp. for 10 state-owned power distribution companies, marking the end of a five-year privatization process.
Nigeria’s economic council approved the creation of a sovereign wealth fund that will invest savings during periods of high oil revenue, Finance Minister Olusegun Aganga said.
"Part of our policy now, as a result of this, is that we're attracting more foreign direct investment in processing the crude oil in Nigeria."
- Namadi Sambo on Jun 02, 2013