By Audu Danfulani
The recurring debacle in the relationship between Nigerians and their golden goose layer of the salvation egg of subsidized petrol (NNPC) is rearing its rancorous head again.
But this may be the last time such an unpleasant disruption of mutually beneficial relationship between citizens and their most precious national company will occur because both citizens and company have, as it were, come of age.
The situation is akin to that between a mother and her suckling child when the inevitable time to wean the child comes. It is a coming of age with rites of passage that entail a transformative process that redefines the relationship.
The game changer is that the Petroleum Industry Act (PIA) has an overriding effect on the terms of the relationship between NNPC and the generality of Nigerians and their legitimate entitlement to benefits of the nation’s oil endowment.
Enhanced transparency and accountability, strengthening agencies and facilitating investment are the main goals of the new dispensation expected to introduce radical changes to the operations and structure of NNPC and indeed the entire oil and gas industry.
Read Also:IPMAN, others back FG on petrol subsidy removal by 2022
This translates into a significant departure from the ways and means template under which NNPC operated as a government parastatal, more subject to political exigencies than international best practices and standards of corporate governance applicable to the world oil industry. Due to the much delayed process of re-aligning its policy and operational framework to compare and compete favourably with its highly rated counterparts, the NNPC was unable to set the stage for the dynamic emergence of the oil sector as catalyst for rapid socio-economic transformation and infrastructural development as witnessed in other leading oil producing nations.
We only need to consider the pathetic stagnation of petroleum refining facilities and the lack lustre performance of the petro-chemical sector to establish the adverse impact of the parastatal era on NNPC and its debilitating ripples such as incessant fuel supply shortages, ever-rising transportation fares and cost of living.
These were the discomforting circumstances that created the fuel subsidy fiasco whereby Nigerians got fixated on the bogey of “cheap” petrol as an entitlement of living in a leading oil producing nation, oblivious to the astronomical economic cost incurred and the lost opportunities for more meaningful infrastructural and socio-economic development derivable, as witnessed with the Petroleum Trust Fund (PTF) projects.
The endless recycling of the fuel subsidy agenda without lasting acceptance of its viability or compensatory value to the masses as well as the emergence of new regulatory and corporate structure under the PIA are sufficient conditions for a comprehensive review. In the new dispensation, the discretionary determination of parameters of a subsidy on petrol pump price and the legality of NNPC’s facilitation role have both been overtaken and invalidated.
Read Also:UK adds Nigeria to red list countries over omicron concerns
In particular, the much-anticipated deflationary dividend of subsidized pump price of petrol remains a pipe dream to be conjured as a talisman against perceived loss of the only popular dividend of democracy for people in a system hostile to social welfare schemes or as a bonus event in NLC ‘s roster of pretentious posturing.
The contentious offer from government of a token N5,000 cash-transfer to only 40 million out of at least 120 million citizens is a non-starter that further highlights the necessity for an all inclusive multi-faceted investment of the trillion naira subsidy spin-off for the tangible transformation of lives of citizens and development of the nation ala PTF.
Another controversial but popular “logic” of the pro-fuel subsidy lobby is that because Nigeria is a leading oil producing nation, its citizens should enjoy cheap petrol, suggesting that other citizens of oil producing nations enjoy such benefit.
As a convenient peg to strengthen the clamour for subsidized pump price of petrol, this sounds impeccable and even portrays the Nigerian case as an absurd exploitation that violates God-given birth right to enjoy a natural resource. As a matter of fact, however, nothing could be further from the truth!
A random survey of international petrol pump price per litre in comparison with Nigeria’s current 165.600 Naira and even the projected 340 Naira for 2022 translates to 0.403 USD and 0.83 USD respectively, whereas in an even more prolific and prosperous oil producing Saudi Arabia the price is 2.330 Saudi Riyals or 0.621 USD, in the United Arab Emirates it is 2.81 Arab Emirate Dinar or 0.77 USD. In UK it is 1.475 Pounds or 1.975 USD and in the US its 0.87 USD!
Read Also:Drug Addiction: NDLEA to establish six rehab centres across Nigeria
Obviously, it is misleading to believe that there is anything like “birth-right entitlement” in the determination of petrol pump price and it is in fact more subject to the pricing and production dynamics of the world oil market and the demand for more substantial contribution to national development budget.
From the foregoing it is beyond contention that Nigerians have to shake-off the “old school” attitude of sentimental considerations, short-term euphoria and perpetual attachment to irrational “dividends of democracy”, much of which is the result of governance challenges and mass misinformation. It is amazing for us to remain obsessed with fuel subsidy as an entitlement of citizenship accruing from bounteous oil resources even after frustrating familiarity with its limited coverage, epileptic benefit, economic adversity and corrupting capacity.
We should be going for more rational and impactful utilization of the lucrative earnings of our enviable status as a leading oil producing nation for optimum development strides across all socio-economic sectors in all six geo-political zones, with special focus on youth empowerment on an unprecedented scale, establishment and expansion of rural and urban rail systems as the ultimate “transport subsidy”, infrastructural transformation and export-oriented industrialization based on raw material exploitation and processing.
Meanwhile the on-going repositioning and revitalization of NNPC under the Mele Kyari PIA-compliant management team must be insulated from all forms of “political” interference and the scourge of elitist excesses that he has persistently identified as the plague that must be comprehensively eradicated to free the full potentials of Nigeria’s oil and gas industry to power the progress and development of the country. Let’s stop the subsidy fraud, once and for all !
Danfulani, writes from Bauchi
293034 379400Great humans speeches and toasts, possibly toasts. are hands down transferred at some time by way of party and expected to turn into very funny, amusing not to mention educational in the mean time. finest man wedding speeches 764684
290835 738925Its difficult to acquire knowledgeable individuals about this topic, and you sound like what happens youre speaking about! Thanks 494017
Great article! This is the kind of information that should be
shared around the web. Shame on the seek engines for not
positioning this submit upper! Come on over and talk over with my website .
Thank you =)
Your mode of explaining everything in this piece of writing
is really nice, every one be able to simply be aware of it, Thanks
a lot.
Great delivery. Solid arguments. Keep up the good spirit.
I believe this is among the such a lot significant information for me.
And i’m satisfied reading your article. But want to remark on few common issues, The site style
is perfect, the articles is truly nice : D. Good job, cheers
It is truly a great and helpful piece of information. I am satisfied that you shared this useful information with
us. Please stay us informed like this. Thank you for
sharing.
It’s perfect time to make some plans for the future and it is time to be happy.
I’ve read this post and if I could I desire to suggest you some interesting things or suggestions.
Maybe you can write next articles referring to this article.
I wish to read more things about it!
I really like your blog.. very nice colors & theme.
Did you make this website yourself or did you hire
someone to do it for you? Plz reply as I’m looking to construct my own blog and would like to know where
u got this from. thanks a lot
Wow, this paragraph is good, my sister is analyzing these kinds of things, thus I am going
to inform her.
Hi there everybody, here every person is sharing such know-how, thus it’s good to read this weblog, and I used to pay a visit this weblog all the time.
I couldn’t refrain from commenting. Very well written!
What’s up, after reading this amazing post i am also delighted to share my experience here with colleagues.
I love what you guys are up too. This type of clever work
and exposure! Keep up the amazing works guys I’ve
incorporated you guys to my personal blogroll.
Hello, for all time i used to check weblog posts here early in the daylight, as i love to gain knowledge of more and more.
Great delivery. Outstanding arguments. Keep up the
great spirit.
Do you have any video of that? I’d care to find out some additional information.
My family all the time say that I am killing my time here
at net, however I know I am getting familiarity everyday by
reading such fastidious posts.
What’s up to every single one, it’s really a nice for me to pay
a quick visit this web page, it includes useful Information.
Everyone loves what you guys are up too. Such clever work and coverage!
Keep up the terrific works guys I’ve added you guys to blogroll.
I love your blog.. very nice colors & theme. Did you design this
website yourself or did you hire someone to do it
for you? Plz answer back as I’m looking to create my
own blog and would like to find out where u got this from.
kudos
I was recommended this website via my cousin. I am now not certain whether this put up is written by means of
him as no one else realize such detailed about my problem. You are wonderful!
Thanks!
Hi! I know this is kinda off topic but I’d figured I’d ask.
Would you be interested in exchanging links or maybe guest writing a blog post or
vice-versa? My site discusses a lot of the same subjects as
yours and I believe we could greatly benefit from each other.
If you happen to be interested feel free to send me an e-mail.
I look forward to hearing from you! Great blog
by the way!
I think that is among the such a lot significant info for me.
And i am satisfied studying your article. However want to commentary on few normal issues, The website style is great,
the articles is in reality excellent : D. Excellent task, cheers
An intriguing discussion is definitely worth comment.
I do think that you ought to publish more about this issue,
it might not be a taboo matter but generally people do not speak about such subjects.
To the next! Many thanks!!
Thanks for sharing your thoughts about Small Business Technology.
Regards
Good day! I could have sworn I’ve been to this site before but after browsing
through a few of the posts I realized it’s new to me.
Nonetheless, I’m definitely happy I stumbled upon it and I’ll be book-marking it and checking back often!
That is a good tip particularly to those fresh to the blogosphere.
Short but very precise information… Thanks for sharing this one.
A must read post!
It’s a pity you don’t have a donate button! I’d most certainly donate to this superb blog!
I suppose for now i’ll settle for bookmarking and adding your RSS feed to my
Google account. I look forward to new updates and will talk about this site with my Facebook group.
Talk soon!
hello there and thank you for your info – I’ve certainly picked up
something new from right here. I did however expertise a few technical issues using this
web site, as I experienced to reload the website a lot of times previous to I
could get it to load properly. I had been wondering if your
web host is OK? Not that I’m complaining, but sluggish loading instances times
will often affect your placement in google and could damage your
high quality score if advertising and marketing with Adwords.
Well I’m adding this RSS to my email and could look out for much more of your respective exciting content.
Ensure that you update this again very soon.
I got this web site from my pal who informed me on the topic
of this website and at the moment this time I am
visiting this web page and reading very informative
content at this place.
I have read so many content regarding the blogger lovers however
this article is in fact a nice paragraph, keep it up.
Keep this going please, great job!
Article writing is also a excitement, if you be acquainted with then you can write otherwise it
is complicated to write.
Peculiar article, totally what I wanted to find.
This paragraph is in fact a nice one it helps new net users, who are wishing in favor of blogging.
Скоростроительные здания: коммерческий результат в каждом строительном блоке!
В нынешней эпохе, где минуты – капитал, экспресс-конструкции стали настоящим выходом для фирм. Эти инновационные конструкции объединяют в себе твердость, экономическую эффективность и молниеносную установку, что сделало их идеальным выбором для разнообразных предпринимательских инициатив.
[url=https://bystrovozvodimye-zdanija-moskva.ru/]Быстровозводимые здания[/url]
1. Быстрое возведение: Моменты – наиважнейший аспект в бизнесе, и скоро возводимые строения позволяют существенно сократить сроки строительства. Это чрезвычайно полезно в ситуациях, когда срочно требуется начать бизнес и начать получать прибыль.
2. Финансовая эффективность: За счет оптимизации процессов производства элементов и сборки на месте, расходы на скоростройки часто бывает менее, по сравнению с традиционными строительными проектами. Это дает возможность сэкономить деньги и достичь более высокой инвестиционной доходности.
Подробнее на [url=https://bystrovozvodimye-zdanija-moskva.ru/]https://scholding.ru/[/url]
В заключение, быстровозводимые здания – это великолепное решение для бизнес-мероприятий. Они объединяют в себе молниеносную установку, эффективное использование ресурсов и твердость, что дает им возможность превосходным выбором для предпринимателей, готовых к мгновенному началу бизнеса и получать деньги. Не упустите возможность получить выгоду в виде сэкономленного времени и денег, превосходные экспресс-конструкции для ваших будущих проектов!
Наша группа профессиональных специалистов готова подать вам современные системы утепления, которые не только ассигнуруют устойчивую защиту от заморозков, но и подарят вашему жилищу стильный вид.
Мы деятельны с современными компонентами, гарантируя долгий срок эксплуатации и отличные выходы. Изолирование наружных поверхностей – это не только экономия энергии на тепле, но и заботливость о окружающей среде. Экономичные инновации, какие мы применяем, способствуют не только личному, но и сохранению природных ресурсов.
Самое ключевое: [url=https://ppu-prof.ru/]Утепление дома снаружи цена квадратного метра[/url] у нас открывается всего от 1250 рублей за кв. м.! Это бюджетное решение, которое превратит ваш дом в подлинный теплый уголок с минимальными затратами.
Наши труды – это не исключительно изоляция, это формирование поля, в где каждый элемент отражает ваш личный манеру. Мы примем во внимание все все твои пожелания, чтобы осуществить ваш дом еще больше гостеприимным и привлекательным.
Подробнее на [url=https://ppu-prof.ru/]ppu-prof.ru/[/url]
Не откладывайте занятия о своем квартире на потом! Обращайтесь к мастерам, и мы сделаем ваш домик не только комфортнее, но и стильнее. Заинтересовались? Подробнее о наших делах вы можете узнать на веб-сайте. Добро пожаловать в обитель благополучия и стандартов.
Equilibrado
Equipos de ajuste: clave para el operacion estable y eficiente de las dispositivos.
En el entorno de la tecnologia actual, donde la rendimiento y la confiabilidad del dispositivo son de gran trascendencia, los equipos de balanceo juegan un funcion crucial. Estos dispositivos dedicados estan concebidos para balancear y estabilizar componentes rotativas, ya sea en herramientas industrial, transportes de desplazamiento o incluso en electrodomesticos hogarenos.
Para los tecnicos en mantenimiento de aparatos y los ingenieros, manejar con sistemas de balanceo es esencial para garantizar el rendimiento suave y seguro de cualquier sistema rotativo. Gracias a estas opciones innovadoras innovadoras, es posible minimizar considerablemente las oscilaciones, el zumbido y la carga sobre los cojinetes, prolongando la longevidad de piezas valiosos.
Igualmente importante es el tarea que tienen los sistemas de balanceo en la asistencia al cliente. El soporte experto y el reparacion permanente empleando estos dispositivos posibilitan proporcionar servicios de alta calidad, elevando la contento de los compradores.
Para los propietarios de proyectos, la inversion en equipos de ajuste y dispositivos puede ser fundamental para aumentar la eficiencia y productividad de sus sistemas. Esto es principalmente significativo para los duenos de negocios que dirigen reducidas y modestas organizaciones, donde cada detalle cuenta.
Tambien, los sistemas de balanceo tienen una extensa aplicacion en el area de la fiabilidad y el gestion de calidad. Posibilitan detectar eventuales defectos, evitando reparaciones onerosas y perjuicios a los aparatos. Mas aun, los informacion generados de estos sistemas pueden utilizarse para optimizar metodos y potenciar la visibilidad en motores de exploracion.
Las sectores de aplicacion de los dispositivos de ajuste incluyen numerosas ramas, desde la manufactura de transporte personal hasta el supervision de la naturaleza. No influye si se refiere de enormes producciones industriales o limitados locales de uso personal, los aparatos de ajuste son necesarios para garantizar un rendimiento productivo y sin interrupciones.
Velocidad critica
Sistemas de calibracion: clave para el operacion fluido y eficiente de las maquinarias.
En el mundo de la innovacion contemporanea, donde la efectividad y la fiabilidad del dispositivo son de suma relevancia, los dispositivos de equilibrado tienen un funcion vital. Estos equipos adaptados estan disenados para calibrar y estabilizar elementos rotativas, ya sea en equipamiento de fabrica, automoviles de desplazamiento o incluso en electrodomesticos domesticos.
Para los expertos en conservacion de aparatos y los ingenieros, utilizar con sistemas de calibracion es crucial para garantizar el rendimiento estable y estable de cualquier dispositivo movil. Gracias a estas alternativas avanzadas innovadoras, es posible minimizar significativamente las sacudidas, el estruendo y la carga sobre los soportes, prolongando la duracion de componentes caros.
De igual manera importante es el tarea que tienen los aparatos de calibracion en la servicio al usuario. El ayuda profesional y el reparacion constante aplicando estos dispositivos posibilitan proporcionar asistencias de optima calidad, incrementando la agrado de los compradores.
Para los propietarios de empresas, la inversion en unidades de equilibrado y dispositivos puede ser esencial para mejorar la eficiencia y productividad de sus sistemas. Esto es sobre todo significativo para los emprendedores que administran reducidas y pequenas organizaciones, donde cada detalle es relevante.
Ademas, los dispositivos de equilibrado tienen una gran implementacion en el campo de la seguridad y el control de excelencia. Facilitan identificar probables defectos, impidiendo mantenimientos onerosas y danos a los sistemas. Tambien, los resultados generados de estos sistemas pueden aplicarse para maximizar procedimientos y mejorar la reconocimiento en buscadores de busqueda.
Las sectores de implementacion de los aparatos de equilibrado incluyen diversas sectores, desde la elaboracion de vehiculos de dos ruedas hasta el control de la naturaleza. No influye si se habla de grandes manufacturas productivas o pequenos talleres de uso personal, los sistemas de equilibrado son esenciales para promover un rendimiento productivo y sin presencia de detenciones.
Профессиональный сервисный центр по ремонту бытовой техники с выездом на дом.
Мы предлагаем:сервис центры бытовой техники москва
Наши мастера оперативно устранят неисправности вашего устройства в сервисе или с выездом на дом!