oil

Yankius on The National Cake

Yankius on The National Cake

Windfall: Yankiokwa! Yankiokwa!!! Anytime you are this quiet we know you are up to something. How is you, Boss?

Yankius: Windokwa! The Windfall maker himself! Your potbelly has dwindled seriously. Is everything okay?

Windfall: Leave my stomach alone. I am curious. That bakery where the National Cake is being baked does still exist?

Yankius: The National Cake is crude oil. It still exists only nobody really wants it anymore. At least not for now.

Windfall: How can crude oil be the National Cake? Crude oil is a fossil fuel. Why do you have to be figurative about everything? Can you not just call cake what it is?

Yankius: In that case I will not talk any further about the National Cake. Read More “Yankius on The National Cake”

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There Is No Fuel Scarcity Cartel in Nigeria

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. Read More “There Is No Fuel Scarcity Cartel in Nigeria”

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Nigeria in Pieces

Nigeria

When Sir James Goldsmith in his book, The Trap, predicted in the mid-1990s that the nation called Nigeria will disintegrate in a similar manner to how Yugoslavia did, many Nigerian intellectuals dismissed it but with tacit concerns. They and many more were far more certain of the, reality or illusion, that Nigeria’s oil wealth would hold the nation together with firm unity regardless of the internal strife, differences and cleavages encountered between various “interest groups” and “ethnic groups” as predicted most notably by Claude Ake. However, Ake did imply that the end of oil may be the end of Nigeria. With major changes in the international oil market are both Goldsmith and Ake correct in their predictions?

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

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 government 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 American 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. Read More “Is it Not Time to Privatise the Three Arms of the Nigerian Government?”

A Response to “Our Lands Must Bleed No More”

http://nnimmo.blogspot.co.uk/2014/10/our-lands-must-bleed-no-more.html

Our Lands Must Bleed No More is an activist’s plea and determination to end the cumulative and inimical genocide of people of the Niger Delta in the name of “oil extraction” and “national income”. Nnimmo Bassey’s essay is a worthy effort in the remembrance of the “Umuechem Massacre” of the Etche people in Rivers State, Nigeria on the 31st October 1990. Read More “A Response to “Our Lands Must Bleed No More””

A Response to “End of Oil is the Beginning of Prosperity in Nigeria”

On the issue of policies, Nigeria’s problem is sincerely not policies and national planning solutions for the economy, whether it witnesses continuous oil production or the ‘end of oil’; that is far too easy. One can make a list of credible sounding policies or right solutions for the Nigerian economy depending on whether the problem solver. Perhaps he or she, an economist, is a die-hard free-market advocate, a supporter of strong government intervention or is two-handed (will favour any policy selectively). Who will implement them? From my academic research experience, Nigeria scores 9/10 for resistance to policy introductions, especially when they disrupt the status quo of the Owners of Nigeria Technostructure. That is the problem.

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The End of Oil is the Beginning of Prosperity in Nigeria
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The End of Oil is the Beginning of Prosperity in Nigeria

One inexplicable phenomenon among Nigerians is their response to the news that Nigeria’s oil is facing a possible demise as a major export commodity. That would be “The End of Oil.” It is a distressing reality to grapple with for some in one category of the demography. Economists and political scientists who I hang out with regularly are cynical if not fearful of the implications for that state known as Nigeria. Such a disturbing reaction is probably the one to expect. We may ask, would the end of oil also mean the end of the oil curse?

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Resisting Ecocide: Crimes and Rents
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Resisting Ecocide: Crimes and Rents

t is interesting to know that the Niger Delta is listed third out of ten hotspots of ecocide in Polly Higgins’ Eradicating Ecocide. I have written a review of the book on this blog for two reasons: its project represents the amalgamation of my three main research interests namely, corruption, institutions, and green economics, and it is a very interesting visionary book. The fact that the region has been classified as an ecocide hotspot saves me the need to describe the monstrous environmental and human degradation going on there in the name of Nigeria being a “middle-income nation” and doubling as an “improving nation” within the provisions and expectations of “transparently globalised profit-seeking”. Transparency for what it is worth washes its hands of a lot of things and especially ecocide. Read More “Resisting Ecocide: Crimes and Rents”