There Is No Fuel Scarcity Cartel in Nigeria

fuel3-750x400

While there is a clearly identifiable oil production and exploration (E & P) ‘cartel’ constituted of mostly multinational corporations (with local clients) in the upstream sector of the Nigerian petroleum resources industry, such does not exist in the downstream sector relating to the distribution of fuel products. What causes fuel scarcity is the result of the actions and reactions of a ‘cabal’ of government officials and their clients in the private sector; such corporate clients are erroneously perceived as cartel members. Continue reading

Warri Pipeline Disaster: Negligence and Rumours

effuru-blast7

It has been a week now since the news of an explosion of an oil pipeline line in Warri occurred. The explosion happened just behind the 3 Battalion Army Barracks, Effurun- Warri, Delta State and spread to other areas in the locality with three separate thick-smoke producing fires burning for days and the fire fighters are not winning. The rumour in town is that the pipeline was “burst open” by militants and is very strong. Once again militants take the blame without any rational or casual consideration of technical failures or negligence being the cause. And there is no talk or urgency concerning the victims of the disaster yet. Continue reading

Is it Not Time to Privatise the Three Arms of the Nigerian Government?

hand-in-oil-pollution-nigeria-Amnesty-Intl

It is amazing to hear that the Nigerian National Petroleum Corporation’s refineries are to be sold due to inefficiency and under-performance problems if a self-set 30 day ultimatum is not met. This is the same NNPC that is supposed to be the only concrete evidence that President Muhammadu Buhari is doing a good job. Ibe Kachikwu, NNPC’s new General managing Director, is even portrayed as some Nigerian equivalent of Jack Welch, a great super-CEO. Yet, privatisation is the most possible solution to the refineries failing performance, especially when it comes to fuel provisions. The logic of governance is failing Nigeria’s management disastrously and common sense is appearing to be increasingly uncommon the higher one goes. Continue reading

%d bloggers like this: