FUEL CRISIS: WHICH WAY NIGERIA?

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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

 

TURNING ASUU STRIKE TO BLESSINGS

TURNING ASUU STRIKE TO BLESSINGS

It seems abnormal to pass Nigeria's school calendar year without strike. But the victim's of that ridiculous phenomenon is vehemently resisting it. From barraacading Lagos-Ibadan expressway to airports across the nation NANS have been playing the devil's advocate. 

The gown and the educational cankerworm is historical struggle.  Taking sides is not only moral it has become obligatory.

What's even more obligatory is that within the period of the industrial action you'd have turned ASUU strike to blessings by learning one or two skills that empowers you earn steady income online.

The way we've been doing business in the past had changed for the better. Before traditional business dominated, however today digital businesses have taken over.  The reality of this revolution is still a nightmare and illusion for a lot of people. Those who are aware are still learning how to transit t

However you managed everyday would be measured in terms of achievements and values. Without those it would be difficult to assess your progress. In order to earn steady income in this digital economy you need:

✓DECISION       ...               *Copywriting

✓TRAINING      .....              *Publishing

✓SOLUTION                         *Blogging

With all these in their right places you can participate in business, wealth creation, digital competences and money-making off/online. 

 Consider this an invitation to participate in skills acquisition training commencing 4/10/22.

Your progress.

Ikechukwu

BLOGGER:. https://www.corporateleadersboard.blogspot.com

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

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

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

MIKHAIL GORBACHEV: A LEGENDARY LEADER

Leaders emerge through crises and times of uncertainty. Though late erstwhile Soviet President, Mikhail Gorbachev never contemplated to dissolve USSR as a communist ideological block against the free-market world, he inadvertently did so ultimately. He could have chosen for USSR to continue in isolation and remain at cold war with the West and entire market economy OR liberate over 700 million Soviets stuck with national pride intoxicated by obselete communist ideology that was heading towards a third World War. Through the process of series of legislation he ended cold war; brought USSR into the mainstream of market economy of the entire world, a dream Sony, Pepsi and Visa failled to realize earlier on. That was what most people were proud of him, among all his achievements. Like many visionary leaders going through phases of challenges, he articulated his thoughts about how to resolve them to achieve national growth, development and transformation. Since communist administration and economy were by their nature closed and controlled by a central and ideologically monolithic undemocratic government, he thought that demolition of citizens' mental barriers would create a huge support of the people for it's forthcoming policies. This idea of transparency (Glasnost) had totally been absent till then. Glasnost, is the equivalent of freedom of speech, information and association in a democratic environment. You must realise that these 'freedoms' were luxuries in the communist enclave during the cold war. Glasnost changed the narratives. When citizens became excited by this novel instruction he introduced his book titled 'Parastoika' - restructuring. All his experiences from the Politburo to the delegate of deputies and Presidency created by him and occupied only by him were documented. This 'restructuring' were necessary changes coming from a visionary leader. The thrust of the changes prescribed was that the future of USSR belonged to the youth. By that book he sentenced communism to death. Of course glasnost which had become powerful vehicle of mobilisation enabled the ideas and disseminated the policies, not only within USSR but also eastern Europe that had been under communist rule and the rest of the world. Like a bridge linking two isolated communities, Mikhail Gorbachev's presidency ended communism and supervised Soviet's transition to free market economy. It was not without a price. His actions of being a pro-West good fellow created enimies. He stepped on powerful toes of the elite of the Soviet establishment. At a time he was under house arrest with his family. As a consequence the fall of Berlin wall, communist Eastern Europe block followed suite and the rest is now history. Adieu comrade. Ikechukwu O. Odoemelam Esq Legal Practitioners of the Supreme Court of Nigeria Corporate Attorneys/Consultants http://www.corporateleadersboard.blogspot.com/ https://www.linkedin.com/in/iyke-ozemena-07b53453 http://www.amazon.com/author/iykeOzemena

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