FUEL CRISIS: WHICH WAY NIGERIA?

#corporateleaders

FUEL CRISIS: WHICH WAY NIGERIA?

On the one hand Nigeria's energy policy requires government to ensure access to energy and it's supply, on the other hand it calls govt to use energy to develop the economy.  See National Energy Requirements Responsibility Act.

The compliance guidelines on Petroleum Industry Act 2021 reveal new legal and governance changes in oil and gas industry, such that makes it difficult for decisions to be taken without consultation with stakeholders.

Yet government is expected to implement the provisions of the Act so as to transform the industry and enable complete deregulated upstream and downstream sectors.

NNPC NEW Private Company was  unveiled on 19th July, 2022 by PMB, amidst incomniums poured on the expectations of the 'new company '. One such expectation is deregularizatioin.

Therefore when the President declared 'fuel subsidy gone', it was in the direction of deregularizatioin.  Hoarding and price hikes had sent pandamonium across the country.  Consequently NLC had to declare nationwide strike to protest the fuel hike.

Like economists would say buyers and sellers commenced the new regime with abnormal profits which is only ephemeral.

The next level would be supply of fuel from any available source provided it makes economic sense. Then in the interim with abundant supply the abnormal profits would disappeared. Normal and stable price would be established by the price system..

The damage (both political and economic) would have been done before sanity returns.

Ikechukwu Odoemelam Esq 

IKECHUKWU O. ODOEMELAM & CO

Legal Practitioners of the

Supreme Court of Nigeria 

COLUMNIST: https://www.thenigerianvoice.com/author/iykeOzemena

https://www.amazon.com/stores/Iyke-Ozemena/author/B0078UY9VQ?ref=ap_rdr&store_ref=ap_rdr&isDramIntegrated=true&shoppingPortalEnabled=true

DIRECTORS: Duties & Enforcement http://www.amazon.com/dp/B005783S6S

MEETINGS: Dynamics and Legality - http://www.amazon.com/dp/B005MKCESY

 

NIGERIA START-UPS ACT 2022

Ikechukwu Odoemelam Esq

#corporateleaders #digitaleducation #digitalskills

The end of the second 'ember' month of 2022.  My opinion, if you ask,  is that the cup is half-full not half-empty.

So today a glinpse at a WEEK OF DIGITAL ENTREPRENURSHIP.

It started with the coming into effect of Nigeria Start-ups Act 2022 earlier.  The object of the Act is to enhance innovations and creativity.  Everyone has something to benefit from the Act.  Think about digitalized professionalism.

Reports say it's the largest Digital Economy in Africa. Of course it should, going by population and size of Nigeria's economy, as well as the depth of digital connectivity.

Digital Economy Industry Working group (DEIWG) has been inauguarated. The purpose of the the platform is to instigate public-private dialogue.

Thereafter Lectures were organized to dissect the scheme and generate ideas for successful implementation. You need to search for the resources and you'd see that so much is in stock for the public, especially entrepreneurs.

For those in Advanced Digital Content Creation, it would be a field day.  Common pools of legal resources would no longer be for high profile law firms and businesses only.

Right now construction of Digital Economy complex that would house Nigeria Start-ups is on the way ..   and speedily too.

The wake up call is for every digital minded people and entrepreneurs to start taking advantage of the provisions of the Act. 

A very good and valuable opportunity if you ask me. 

That's why at IDEA WORKSHOP we've arranged basic digital Start-up skills that beginners would use as foundation for a meaningful online business adventure.

Stop procrastinating, reality is inside of you. Just say you can.

Our mission is to provide the opportunity for you to start implementing those ideas you've been nursing without results.

√DECISION      ...          *Copywriting  

√TRAINING      ...         *Publishing

√SOLUTION.    ...          *Blogging

Your inquiries are welcome. DM as soon as possible as a new batch of training commences very soon.

Your success.

BLOGGER:. https://www.corporate leadersboard.blogspot.com

COLUMNIST: https://www.thenigerianvoice.com/author/iykeOzemena

https://www.linkedin.com/in/iyke-ozemena-07b53453

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ECONOMIC STRANGULATION PREDICTED FOR NIGERIA

Former CBN Governor and dethroned Emir of Kano, Sanusi Lamido Sanusi attended Kaduna Investment Fair.

His call for the balkanisation of NNPC stole the show. It was no hold bared, and forthright.  

Nigeria's indebtedness analysis was scary and horrifying.  Every amount of income earned by FGN henceforth would be used for servicing loans alone - no savings!

Recurring expenditures like salaries would be funded through borrowing.

This came on the heals of dollar sharp rise against other currencies especially Naira N700 fetches $1. Unbelievable.

You don't need to be an economist to know that the survival of ordinary individuals like you and I is seriously at stake.

Do you see any solution on the horizon? Jobs have taken flight already. What else?

YOU!  That's the only thing left...

DECISION.

Are you one of those seeking some rewarding escape routes out of the imminent economic strangulation?

STEP into 2023 with solid one or two skills that could liberate you from the hardship politicians cannot cure.

Just DM interest. We'd guide a few serious interested individuals how stranded ASSU strike students are now making reasonable income and ready to go back to school.

These books are available for $0.99 for those of you commencing our program on 24th October, 2022. It's bonus offer if you want. After that date the price goes back to $8 each.

DIRECTORS: Duties & Enforcement http://www.amazon.com/dp/B005783S6S

MEETINGS: Dynamics and Legality - http://www.amazon.com/dp/B005MKCESY

Your progress.

Ikechukwu #corporateleaders

BLOGGER:. https://www.corporate leadersboard.blogspot.com

COLUMNIST: https://www.thenigerianvoice.com/author/iykeOzemena

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https://www.amazon.com/author/iykeOzemena

EVERY ECONOMY THRIVES ON ENTREPRENEURSHIP

#corporateleaders

Nigeria is again at the penumbra of transition having run full circle of the constitutional limit of democratically elected government. Despite the slogans and policies put in place for agriculture, food production and prosperous nation, it's on record that Nigerians have been empoverished, with close to 80% of citizens living below poverty line of $1 a day.  There's high inflation with 2015 as a base.

Check the cost of living indices from 2015 to date; what do you find? The common man's staple foods cost as much, if not more than their imported substitutes, that you begin to wonder the sense in banning their importation when we're not ready with domestic supplies. Frustrated consumers become induced economic saboteurs and short changers, although some are deliberate. Earnestly there's a case of cutting the nose to spice the face.

The political class don't seem to have a clue as to how to change the trajectory that brought the economy to where it is right now. Repeating the same trajectory and hoping for a different result?  Doubtful.

THE STORY OF ENTREPRENEURIAL SPIRIT: 

The level of food crisis in Nigeria today has necessitated the sad story of this fallen hero of entreprenurship. Entrepreneurship and leadership often emerge from crisis and emergencies like Kentucky fried chicken global food vendor. Kentucky is one entreprenurship venture that makes US economy thrive.

Until his death October 2022, USMAN ABUBAKAR RIMI was a Final-Year Medicine and Surgery student of Usman Danfodiyo University Sokoto, UDUS and an indegene of Rimi LGA in Katsina State. According to Umar Idris, Chairman of 21st Century Entrepreneurs Hub and an ally of the deceased, Rimi had leadership and entreprenurial spirit, and was the Katsina State coordinator of 21st Century Entrepreneurs Hub. It was in that capacity  that he coordinated the Global Entrepreneurship in 2019 and 2020.

As a result of the prolonged ASSU strike, the entreprenurial spirit drove Rimi to establish Food Vending/Indomie joint at the diplomat area of Sokoto state to earn income as the strike action continued. It could only be someone with the entrepreneurial disposition like Rimi that did that. I was pained to read of his demise just days before going back to school to graduate. What a monumental losses!

Ikechukwu #corporateleaders

BLOGGER:. https://www.corporate leadersboard.blogspot.com

COLUMNIST: https://www.thenigerianvoice.com/author/iykeOzemena

https://www.linkedin.com/in/iyke-ozemena-07b53453

https://www.amazon.com/author/iykeOzemena