DEREGULATION OF THE DOWNSTREAM
This subject of deregulation of the Nigerian Oil and Gas sector has been treated with much concern an attempt that has given rise to worry in certain 'studied' quarters - the school of thought which i belong. If deregulation is the omnibus solution to all the 'tricky and nagging' challenges facing the market-place enviroment of the Oil and Gas sector? Nigerians should be guided aright and given an unrestricted unclandestine access to truly voice their well informed opinion on the subject.
When deregulating a sector - have we adequately explored globally available models and definitive structure of the term deregulation? When you assume that the deregulation will make a product available to its consumers, have asked yourself if the source of supply at the supply-end is also deregulated? Is the process of buying the product deregulated - or it is still left in the hand of a few to control - For us that kind of dereglated economy is what we classify as pseudo-deregulation.
Pseudo-deregulation, does not deregulate the entire value-chain both at the supply-end and demand-end. Watch around you, have you asked yourself why some filling stations have fuel on a regular basis while others are bearing the weight of the cost of Idle-time on their investment?
We need to work out a Taskforce Regime that will conduct a census of the filling stations in this country ensure that upon a defined parameter an equal level ground evolves to guaranttee even supply of fuel, a fresh new consensus needs to be established to emerge a voice for the FUEL CONSUMERS LEAGUE, an audit panel to consistently audit what we are producing at our Refineries and what we are importing - if it is justified, the Petroleum Equalisation Fund should be reexamined, why deregulate a sector that has competing product that does not find its way to the market - so WHY CANT NIGERIA BEGIN THE UTILISATION OF COMPRESSED NATURAL GAS (CNG) as an alternative source of automobile fuel, afterall we started the technology in 1988 about the same time with Argentina, but today Argentina has the highest number of vehicles running on CNG - for Nigeria please ASK THEM HOW MANY VEHICLES ARE RUNNING ON CNG in a country that boost over 186tcf of this gas. WHY WHY WHY WHY??????
Tags: CNG
Replies to This Discussion
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Permalink Reply by Iriele George-Victor on -
I think that the issue of dereregulation is a hoax truly intended to make the esteemed citizens of Nigeria suffer for what they have been divinely blessed with. It also shows an insensitivity of the Government towards the plight of her citizens, taking into cognizance the subsidies removal and increase in the prices of the products. Your suggestions are laudable, just that the leaders are not intent on taking us to the promised land but for personal gain and acquisition of these firms in the long run. Even with the good technical input and suggestions from the major players and stakeholders in the oil industry and the promise of availabilty of products, I think the Government lacks the commitment to see this through. Most importantly bescause its a team game and while some could be up and doing, others could be irresponsive to what is expected of them.
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Permalink Reply by Charles Ugochukwu Okere on -
Government is not sincere about de-regulation and of course, the present condition of the down stream does not support de-regulation. In other words, the environment is not conducive for de-regulation of the downstream. There are key issues that should be addressed first. A situation where the government has monopoly of the down stream sector, vis-a-vis the refining of petroleum products, we cannot talk about de-regulation. If government is serious about deregulation, it knows what to do to make it succeed. For now it is all gimmick.
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