Wednesday, November 11, 2009

DEREGULATION OF THE NIGERIAN OIL SECTOR

Why beg NLC to understand when you cannot appr0priately manage the Petroleum sector. NNPC was established about the same time as PETRONAS in Malaysia, while PETRONAS has contributed to the development of Malaysia and grown in many ways, NNPC continue to go bowl-in-hand to the govt. for subsidies. The waste in the Oil industry is simply as a result of the lack of an efficient system of accountability, a problem that is ubiquitous in Nigeria. The Govt. and especially those in the NNPC and its related ministries should be seriously ashamed to even mention that more than 100 Billion!!! was wasted on inefficiencies of the sector last year. Shameless and conscienceless people! Nations that do not even have oil can afford to operate very functional refineries but our govt. continue to give excuses.

How come is when they want to introduce measures that will further strangle the poor common Nigerians that the govt. get serious with negotiations? Prior to the previous increases that were introduced by previous administrations the cry was the same: it cannot be sustained but yet the luxurious lifestyle of the ruling class with all the perks that those in advanced nations do not enjoy could be sustained and is still being sustained. Why do we have to ship crude abroad, refine and then return back to Nigeria at such an expensive rate? What do the common Nigerian enjoy from the myriad of resources we have as a nation? We are simply a nation "governed" by visionless, evil minded and heartless individuals.

What was the worth of Obasanjo and his PDP governors, legislators and many of the politicians and military officers who served in the past before they came to office? How much are they worth now? If nations like Qatar, Venezuela, Kuwait and many other nations with oil like ours have successfully managed their resources to benefit their people I wonder why we cannot have the same. The so called leaders in Nigeria know what the problem is. How come we do not have a fully functional refinery in Nigeria today? Just as it is the case in many other sectors in Nigeria, the cabal of evil do not want refineries in Nigeria so that their investments in refineries abroad will not suffer. The NLC should not yield to the govt. because they never keep their words.

The former minister for transport wept on assumption of office on a visit to the Benin-Lagos road and more than two years after the story is worse off. The people should oppose the move at all cost. Let the budget for the greedy legislators and others be cut down, set up refineries or give investors the appropriate conditions to invest in refineries, let the current system of managing the sector be completely overhauled since it has been identified as innefficient and fight corruption, then we won't even be talking about this total deregulation rubbish. Have some pity on the suffering masses!!!
In what way exactly has the government of Nigeria impacted the lives of its citizenry positively in last 10 years??







The above picture (culled from one of our daily newspapers) shows the state of the Benin-Lagos road, "EXPRESSWAY" (a major link between the west, south and east of the country), it should be remembered that funds for road construction was one of the reasons given for previous increases in fuel prices. The people and NLC should highly resist any deregulation moves because it will only make these greedy "leaders" richer while the common Nigerian suffers the after effects

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