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Misfortunes of a Mismanaged Fortune: Revealing Nigeria's Oil Crisis


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1 Department of History & International Studies, Kogi State University, Anyigba, Kogi State, Nigeria
     

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The wisdom in the manner which nature distributes its natural resources across the world is hardly understood without a deep thought. While some countries of the world swim in surplus of natural distribution, others stand gazing with little. However, the turns-out, from the distribution by nature; whether in places of surplus or little, is dependent on the quality and capacity of its human resource utilization. Ironically, places that are blessed with surplus natural resources like Nigeria tend to lack the matching human resource to turn them around for development. This paper takes a look at how Nigeria's oil wealth has turned the country into an arena for crisis. It focuses specifically on the removal of subsidy on PMS, popularly called petrol and the accompanying civil unrest. It holds that the solution to the problem of the national economy does not rest with oil subsidy removal. Instead it rest with upischolar_maining corruption in government and public service. The Nigerian civil society has on the other hand not been able to collectivise its efforts in resistance to corruption due to its polarisation and segmentation; based on interest, religious, political and economic groups. This attitude must change if the ongoing predicament affecting the ordinary citizens has to be eradicated.

Keywords

Nigeria, Oil, Management, Crisis.
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  • Misfortunes of a Mismanaged Fortune: Revealing Nigeria's Oil Crisis

Abstract Views: 146  |  PDF Views: 0

Authors

A. F. Ahokegh
Department of History & International Studies, Kogi State University, Anyigba, Kogi State, Nigeria

Abstract


The wisdom in the manner which nature distributes its natural resources across the world is hardly understood without a deep thought. While some countries of the world swim in surplus of natural distribution, others stand gazing with little. However, the turns-out, from the distribution by nature; whether in places of surplus or little, is dependent on the quality and capacity of its human resource utilization. Ironically, places that are blessed with surplus natural resources like Nigeria tend to lack the matching human resource to turn them around for development. This paper takes a look at how Nigeria's oil wealth has turned the country into an arena for crisis. It focuses specifically on the removal of subsidy on PMS, popularly called petrol and the accompanying civil unrest. It holds that the solution to the problem of the national economy does not rest with oil subsidy removal. Instead it rest with upischolar_maining corruption in government and public service. The Nigerian civil society has on the other hand not been able to collectivise its efforts in resistance to corruption due to its polarisation and segmentation; based on interest, religious, political and economic groups. This attitude must change if the ongoing predicament affecting the ordinary citizens has to be eradicated.

Keywords


Nigeria, Oil, Management, Crisis.