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??????