Skip to main content

#Frankly Speaking: The Oil Deception.





Recently, the President of Ijaw Youths Congress, Eric Eradiri  revealed that President Buhari has indicated interest in personally leading negotiations with Niger Delta stakeholders that will include, governors, traditional rulers, activists and some key militants and ex militant leaders.

President Buhari is only taking the same steps that Presidents, Obasanjo, Yardua and Jonathan all took. But these are the same temporary measures that allows the federal government to continue drilling oil while empowering a few in the Niger Delta.

In the next few weeks after the negotiations , bribes will be released to some strong men of the creeks in the form of ransoms fees and the pipeline vandalism will reduce while critical issues like true federalism and even the host community funds will not even be considered .

In the next few years, the future Presidents of this country will also face similar crises and take same steps by empowering the 'strong men' in the Niger Delta while the majority of the people will wallow in abject poverty.  New strong men will emerge by their ability to create maximum chaos in the oil industry.

Remember it was the Presidential Jet reception to Dokubo Asari and Tom Ateke that inspired new strong men like Boyloaf, Boma George, Osama Bin Laden , General Africa etc.

Nigeria will fruitlessly, keep trying to develop critical infrastructure for 200 million people, with 2.2 million bpd as our project funding system of building a 3km road in three years will continue.

The next two presidents after PMB will still come and offer to provide electricity and build roads. Nothing much would have changed. Insecurity will continue as we'd still have a lower security budget than even groups like Hezbollah.

There is something deceptive about  Nigeria's so called oil wealth. We just know we produce oil , but what is our comparative advantage with oil when you take into consideration the number of people the oil money is meant to cater for?

For example, with a a population of less than 2 million people, Qatar produces 1,240 barrels of oil per day for 1000 people. Saudi Arabia produces about 371 bpd for each 1000 people. Kuwait produces about 1,100 bpd for each 1000 people. United Arab Emirates is about 663, even Angola that we produce more oil than produces 139 bpd for each 1000 people while Gabon produces 167 bpd for 1000 people.

Nigeria on its part produces 17 barrels per day for each 1000 persons, making her the poorest OPEC country in terms of Oil Per Head, far below the OPEC countries average of 371 bpd.

So we can see that the difference between a country like Nigeria and a country like Gabon is the difference between having three cubes of sugar placed in a 1000 litre tank and having one cube of sugar placed in a tea cup.

Who has more sugar? Of course the person with three cubes. But who enjoys the effect of sugar more? Definitely  man with one cube in a tea cup.

The easiest way to move forward and diversify from this mono economy is to entrench true federalism as this will freeze the feeding bottle in Abuja and states like Jigawa, Ebonyi and Ekiti will realise that they have much more resources than the black gold.

This deceptive assumption of having so much wealth led us into numerous wasteful policies like subsidizing petroleum products until situations forced President Buhari to solve that problem .

Universities can't function autonomously by fending for itself with the fees that students pay, but will depend on hand outs from the education ministry which is never enough and we now have glorified secondary schools as universities. All because we think we are an oil rich nation.

In some states in Nigeria, the government even funds little things like refuse disposal. People are not even allowed to posses the individual responsibility of paying for their own refuse to be disposed. At the end , it's never effective and the state is gradually becoming a garbage city rather than a garden city .

The government will continue to be slow in generating income tax as FIRS remains a less serious income generating institution than NNPC .

Is it not ironical that we have oil wealth and have a per capita income of $2,600 while little countries like Belgium with little or no mineral resources have a pet capita income of over $40,000.

In a country like the United Arab Emirates, States like Dubai manage their oil resources and pay about 2% only to the emirate in Abu Dhabi.
Today, with an Oil production of 60,000 bpd , Dubai have built their city, diversified her economy and developed her human resources to a level where oil now accounts to about 5% of their foreign earnings while Nigeria foreign earnings remains above 90% oil based.

The reason is simple .The wealth of a nation lies more on her human resources rather than on her mineral resources.    

This is why mineral based economies like UAE, QATAR etc are rapidly transforming into knowledge based economies like Israel by rapidly diversifying.

This is why Nigeria with crude oil will continue to import refined products from countries without crude oil like Singapore and South Korea.

Until we move away from this feeding bottle federalism of drilling oil in Abua and sharing the proceeds in abuja, Nigeria will continue to produce leaders that are destined to fail no matter what they do.


.

#FranklySpeaking is a new political segment on Thelma Thinks written by a friend of the blog who prefers to remain anonymous. 


Comments

  1. The powers that be will never open their minds to possibilities. If a president of 5years who is from the core south-south couldn't have enough conviction to provide an avenue for such growth in the south-south, I wonder how we can expect a northerner as president, regardless of how effective he may be, to truly follow that line.

    ReplyDelete
  2. Uyi, I think it doesn't matter where the person might come from. Anyone who loves Nigeria will entrench true federalism. Its not just going to benefit the south south alone as we have seen from the article that the richest countries aren't actually oil rich countries.

    ReplyDelete
    Replies
    1. You need to be a spoilt child, literally, to understand the standpoint of Nigeria as a state. You are telling spoilt children(govenors) that they should go and be inventive in making money when their daddy is a billionaire. Even when daddy isn't making much, they would still feel entitled to whatever is left.

      Delete
  3. I like the cubes of sugar example.

    Peace.

    ReplyDelete
  4. I beg to disagree that true federalism would be the panacea to Nigeria's problems. We've seen states and other smaller governance units make a mockery of the responsibilities and resources that are fully at their disposal and even worse some of them have had to approach the federal echelons to solve disputes that were supposed to be in their purview of influence. A look at many of our lower courts would find numerous disputes between family members, kinsmen, ilks and other supposedly closely bonded people having major altercation over issues that are meant to be trivial, essentially underscoring the point that when trusted with bigger responsibilities like running their immediate societies, these schisms would come to the fore.

    Learning to live as a community and entrenching values that support this proposition would see us achieve more in our quest for national development. We don't necessarily need to see one another as brothers, just learn to tolerate the next person. Perhaps if we ran true democracy with a strengthened court system and rule of law that would serve as a check on other arms of government (legislature and executive) and vice versa, we could further appreciate how concentrating seemingly unlimited powers in one arm of government, the executive, as is the de facto experience in Nigeria, could corrupt the governance process and hinder developmental efforts.

    ReplyDelete
    Replies
    1. Although u have a point,i still believe ur point of view is influenced by our history. We've been under the military most of our independent life. 16yrs of democracy and we still believe the buck stops at the president's table even when we shld hold our state gov'rs liable, we blamed the FG.
      Like I said, Nig is wiser now than it was in 1999 when we were transitioning to democracy. Today we ask questions, expect transparency and accountability (although that is fast disappearing with this new administration).
      Nigeria and it's states are artificial creations created/carved out for political reasons. States like Zamfara have no business being a state cos their only value to the country is collecting monthly FAAC.
      What consolidation did to banks is what true federalism wld do to states. Hold ur state accountable. The FG takes care of some while they tell others to meet their State gov'rs. If it means reverting back to regions/zones,so be it. This self-deceit has lasted long enough.
      As we've been following the international news, Britain left the EU,i see no reason why we can't revert things that aren't working for "EVERYONE" as opposed a privileged few...

      Delete
    2. The issue I have with true federalism is that it explicitly assumes Nigeria is primarily divided along the major ethnic lines and thus would fare better if we magnify that distinction. In reality, I don’t believe this is the case. Nigeria is divided along many lines and repeatedly, we have had instances of intolerance within ethnic groupings. With ‘true federalism,’ I wouldn’t be surprised to see a lot of smaller and less reckoned ethnic group lay claim for a representation in the proposed regional structure of government or resulting political landscape. This wouldn’t serve the intended purpose of what a true federalist society is meant to achieve.

      Also, it is only in theory that ‘true federalism’ exists, what we would have in reality would be federalism whose daily experience wouldn’t be much different from the same set of leaders (who happen to be devoid of the requisite leadership competencies), a broken down system of governance and many other ills that would hamper the gains of this system of governance. Furthering my stance, states have proven to also be as lacking in effective governance as the ineffective centre. Apportioning more powers to states wouldn’t serve the desired goal of good and effective governance.

      Although, we ask questions, expect transparency and accountability and inevitably, are more wiser than when we were in 1999, that hasn’t yielded much positive benefit. Most of these inquiries and expectations have been met with some form of filibustering. This phenomenon is also prevalent in the states. While I would concede that the in this current dispensation of democracy, the centre (executive) seems to be too powerful and the associated ills of absolute power ascribed to this arm of government has inhibited effective governing, I reason that strengthening the other arms of government (legislature and judiciary) would make for a more beneficial governing of the Nigerian society.

      Britain left the EU mainly because of the net loss in accepting other EU citizens into their society. They needed to be assured that they and they alone can be the primary factor in determining the future of their nation. It is a starkly different happening from the federalism discussion in Nigeria.

      And yes, my point is influenced by our history, but, I believe it is majorly influenced by an objective reasoning that seeks an approach whose aggregate effect would be wholesome for the Nigerian society.

      Delete
    3. Whatever system of government we are running (cos I clearly donno anymore) is clearly not working and you knw what they say about doing the same thing over and over and over again and expecting a different result?

      We can't run from our history but we can and should learn it and make the necessary "changes" asap.

      Lol,u clearly accused me of digressing in ur 4th paragraph (why do y'all do that tho? Lol)
      I mentioned Britain and EU because in life, nothing is permanent. So if Britain can leave the EU and Scotland is considering leaving the UK,it means we in Nig shld sit among ourselves and find a long-term solution to our problems. So whether true federalism, false federalism, return to military rule,or whatever, whatever we decide shld favor at least 80% of Nigerians.

      Delete
    4. Yeah, I agree that Nigeria’s version of democracy leaves much to be desired. I believe that if the founding fathers of democracy – America’s democracy – were still alive, they would be appalled with how much we have corrupted this beautiful system of governance.

      Perhaps, the primary motivation for this ‘federalism cause’ is the sheer amount of power ascribed to the centre and more specifically to the President. This is majorly because of a failure of the necessary checks and balances (the legislature and judiciary). We should be clamoring for a strengthened triple arm of governance.

      I opine that it is the novelty of a relatively new approach that propels this federalism cause not necessarily a thorough understanding of the suitability of this new approach. For example, we have had a ‘change’ government in power for over a year, I don’t think Nigerians have fared better with this new party in power. We haven’t really practiced democracy, and till we do so, trying another system of governance would be precipitous.

      I also get carried away in arguing my stance and present trending happenings as supporting facts that are not necessarily related to the argument. Although this happens more often in verbal argument. Perhaps, you should be clearer with the aspect of the trending happening that you are trying to draw a parallel from.

      Delete
  5. Chris and Sasha bone have made good points.

    Lol@ the reference to Zamfara state. I don't know anything about the state. Now, I'm quite curious.

    ReplyDelete

Post a Comment

Popular posts from this blog

Turia Pitt Suffered 65% Burns But Loved Conquered All...

Amazing Story Shared by Dr. Ben Carson on Facebook, i thought it is inspiring and i decided to share;

The Australian ex-model Turia Pitt suffered burns to 65 per cent of her body, lost her fingers and thumb on her right hand and spent five months in hospital after she was trapped by a grassfire in a 100 kilometre ultra-marathon in the Kimberley. Her boyfriend decided to quit his job to care for her recovery. 
Days ago, in an interview for CNN they asked him:
"Did you at any moment think about leaving her and hiring someone to take care of her and moving on with your life?"

His reply touched the world:

"I married her soul, her character, and she's the only woman that will continue to fulfill my dreams."

***
This made me very reflective. I just wonder; if the person you love today encounters an incident or accident that transforms who they are physically, it could be amputation, it could be paralysis, it could be severe burns that scald their flesh beyond recognition, w…

#WriteRight. VIVIAN: MY FIRST SEX EXPERIENCE WITH MY BOYFRIEND

He was my coursemate, crush, then my boyfriend.... he was super
intelligent, smart, tall, dark and handsome. Believe me he got
swag, but he didn't seem to notice me. (I'm a nerd but a sassy one
if I say so myself).  So oneday I decided to take it to another level..
After listening to a song "IF YOU LOVE SOMEBODY TELL THEM THAT YOU
LOVE THEM and watching the season film of The Secret Life of
American Teenagers. ..when Amy Jeugerns mum told her "you are only
young once". LOL that part got me.
Hope you know what i mean?

Though I'm okay with chemistry class I approached him to coach me for
the Quiz that was coming up, we found out that we had this
great chemistry between us.. hehehe both the covalent and
electrovalent bonds....

So one thing led to another till one unusual Saturday. I invited
him to my house and he came. The guy got swag, he even came
with a packet of durex condom.
We talked for a while and and and and and and
Kai!
See how you are serious dey read this story....!
My…

...

Good morning people! 
Just checking in to sign the register. Lol. It's been a very busy week and it looks like it might be an even busier weekend. I was hoping to get some writing done when I got to the airport yesterday but I even almost missed my flight. It was hopeless trying to do any work on the plane as it was bumpy af, and this toddler behind me wouldn't stop screaming in piercing shrieks like he was being exorcised. 
I got into town pretty late and needed to keep an appointment ASAP. I'm heading out right now and it's going to be a long day, but thought I should drop this first. 
Have a splendid day. Im'ma be back soon.

One More Post...

THE ‘NEW’ SIDE CHICK: I WAS HER

A side chick is commonly known as a mistress or a woman that’s romantically involved with a man who is in a committed relationship.  However after doing some reflecting, I realize that’s not the only type of side chick.  I want to discuss “the new side chick”–a woman who decides to stay by a man’s side after he has expressed his lack of relationship intentions with her through his words or actions.  So many women have made this mistake at least once in their lifetime, and unfortunately I’ve done the same thing. I like to think of the new side chick as an appetizer.  You’re there just to satisfy the immediate appetite of the man, but as soon as that mouth-watering entrée comes out to the table, you will get pushed to the side, literally.  Why?  Because that entrée is what he really wanted; he went to the restaurant to order steak, not hot wings.  You were just a placeholder, fling, temporary commitment, or  maybe even just a “good ol time” until what he really wanted was presented to hi…

Shhhhhhh....

I'm in an amebo mood tonight. Don't ask me, I honestly don't know why. Also I'd like to share too but I'd do that anonymously in the comment section. Tonight I want to talk about secrets. It's ok, we can all be anonymous. 
Is it true that EVERYBODY has a secret? 
Is there anyone here who doesn't have a secret? I'd really like to know; You're a completely open book and there's not ONE thing about you that you wouldn't mind other people knowing about? Please raise your hands up. 
And for the rest of us, what's something about you that no one knows, or very few people know? Who's got a dark secret here, or a weird one, or a funny one even? I really don't mean to be invasive but I don't want to be the only one sharing, plus I think hearing other people's secrets is quite fun, don't you think?

Let's Be Random Together! (Open Keypad).

Hey guys, a while back blog reader F said something about creating an Open Keypad post, where you can write whatever you want in the comment section. I thought it was a fun idea!
So who is interested? Comment on anything you feel like, ask me or anyone a question, talk about how your day went, your job, your interests, tell us something about you that we don't know, share a testimony with us, rant about anything you feel like, talk about your crush/boo/spouse/relationship/marriage, challenges you're facing, ANYTHING AT ALL! 
I'll only make one request; that we stay civil. 

(F it was you who made this suggestion, right? I'm not too sure and I can't even remember the post the comment was made on). 
BTW please Ejoeccome out come out, wherever you are!

Question of The Day.

TTB readers doesn't this tweet below remind you of something?
That mail that someone sent me a few weeks back. 
But why on earth should a man sleep with his son's fiancé? But what am I saying, some men even sleep with their daughters...

Oh well, I'm throwing the question to you. What has happened in your life that you never saw coming, you never hesperred it, you never imagined could happen, you never imagined could happen to you? 
It could be good, it could be bad, it could be ugly. Do tell!
And it can be more than one. Let me tell you a few. 
-owning a blog -week long dry fast at Prayer City (I never hesperred it).  -staying in an (emotionally) abusive relationship.
The others require anonymity. LOL. Now over to you.

Adventures, Fun, Friendship & Laughter at the TTB Hangout (Lekki Conservation Center).

Nicole to Clare: mummy lets go. I want to climb that ropy thing!

Isn't Clare beautiful?!

Uyi et moi. Clowning. 

Mother & child. 


Scary af! Trish on the ramp. The chica loves the outdoors so much, she was like a kid in a candy store. She and Uyi took this walk twice! More power to them, you can't pay me to do this a second time.


Uyi & Tiwa