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 

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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.

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