For over half a century, Nigeria’s Niger Delta has been the most prolific of oil exploration play in the country and in sub-Saharan Africa. Since the discovery of oil in the province in commercial quantity, exploration has occurred year-in-year-out, giving rise to a multibillion-dollar oil and gas industry, which currently serves as the main source…
Tag: nigeria
A Sinking Ship
Nigeria reminds me so much about James Cameron’s 1998 movie “Titanic” with the mixture of fortunes and of course the hobnobs choice passengers had. She can indeed be likened to a ship which set sail some fifty five (55) nautical miles from her present location to a destination that is the dream of all passengers….
The Bigger Picture
On Sunday, the 28th day of June, 2015 we were awakened to the sad news that sunk our hearts in unimaginable depths. I am talking about the Taiwan Formosa water park disaster where partying youth sustained varying degrees of burn. It was a terrible event and our hearts go out to all the victims and…
The Real Loser
From time to time in the course of human history and development, very often there occur happenings of truly seismic magnitude. These are most times epiphanic hence triggering a turning point between one crucial event and another, when one orthodoxy ousts another. What is expressed about such is rarely conspicuous. As events unfold, it becomes…
Nigeria, heaven on earth
I have been privileged to listen to some of the most intelligent Nigerians, and non-Nigerians, talk about Nigeria and their dreams for the nation. The speakers are not limited to politicians, doctors, lawyers, farmers and traders; everyone has intelligent options for Nigeria and the usual questions are why Nigeria is not like:
Falling Oil Prices: A Blessing to Nigeria
Oil prices are dropping. 1st August, $104 per barrel, 28th October, $82 per barrel and today, December 15 the price stands at approximately $58.65 per barrel. Are we at the bottom? Can it get worse than this? The prophets are prophesying already, “Doom awaits Nigeria”. Really? As an Econo-jurist of this great nation, I hereby…
Oil and gas: The stimulant for wider national development
Nigeria’s oil and gas sector is, and has been for many years, a glaring paradox. The reasons for this are well known. We are the ‘12th largest producer of petroleum in the world and the 8th largest exporter, and have the 10th largest proven reserves’. Yet, we import the majority of our petroleum products. We have…
Creating a Nigerian Skills Base for Future Growth
No one can deny that the private sector plays a key role in a nation’s economic growth. This has been spectacularly demonstrated in China in the last two decades where an improved environment for business productive activities led to massive economic growth through increased jobs, more investment and innovation, increased goods and services. This is…
The problem with the cabal – Part 2
During the run-up to the 2012 Republican primaries in the United States, Rick Perry described a group of businessmen as ‘vulture capitalists’. His choice of words is quite apt. How else can you describe companies whose philosophy is purely about the bottom-line? How best can you describe companies that see people as mere tools to…
The problem with the cabal – Part 1
Unemployment in our country is at an all-time high and, as with any society, the associated danger confronting us is that a lack of jobs tends to come with a negative multiplier effect, often resulting in a state of insecurity. The undeniable fact is that idle minds become factories for nefarious acts. Apparently, that is…