Opinion
The Oracle: When Govt Deregulates Nigerian People’s Lives
Published
3 years agoon
By
Eric
By Mike Ozekhome
INTRODUCTION
The total deregulation of the downstream petroleum sector by this clueless and anti-people government amounts to nothing but deregulating the already miserable lives of Nigerians. No government can be more insensate and insensitive to the plight of the already overburdened common man and common woman in Nigeria. On the three key indices of governance by President Muhammadu Buhari when he campaigned for the office of President in 2014-2015, he has failed, abysmally, on them all, economy, security and anti-corruption. We shall analyse these areas.
WHAT IS DEREGULATION?
Deregulation of the petroleum sector simply means that the government will no longer be making petroleum products available to the public, but will now allow its price to be determined by the market forces of demand and supply.
DEREGULATION IN SOME COUNTRIES
Deregulation policy has been embraced by many countries across the world, such as Peru, Argentina, Philippines, Canada, USA, Pakistan, Mexico, Thailand and Venezuela. These countries have thereby systematically dismantled their state-owned oil companies in favour of private sector participation.
ADVANTAGES AND DISADVANTAGES OF FULL DEREGULATION
Before this clueless government besieges us with inanities and cheap economics as regards why total deregulation is necessary, let me quickly inform it that every Tom, Dick and Harry already knows the benefits of total deregulation. It is so trite and elementary that it is no rocket science.
Total deregulation enables the private sector to drive petroleum policy by establishing and operating refineries, refining jetties and depots, importing and exporting petroleum products and converting crude oil to refined and petrochemical products, finer chemicals, gas treatment, as well as transporting and marketing the products.
WHY NIGERIANS ARE ANGRY
What Nigerians are angry at is the bare-faced hypocrisy of this government, whose major actors and actresses literally bayed for the blood of President Goodluck Jonathan in January 2012 for daring to remove subsidy and jerking up petroleum price to N141 per litre. Even after reducing it to N97, they conspired with some civil society organisations (CSOs), the organised labour, “Occupy Nigeria” group, etc, from about 2nd to 12th January, 2012, to fight Jonathan. Many genuine and fake emergency rights activists and historical revisionists were also recruited. They grounded Nigeria and forced Jonathan out of power. From Abuja, Minna, Lagos (especially Ojota), Ilorin, Ibadan, Lokoja to Kano, Nasarawa and Asaba, Nigeria’s government was completely shut down. There was mass hysteria, anger, arson, tears, sorrow and blood, forcing Jonathan to beat a hasty retreat. Nigerians are today more angry because the government of the same dramatis personae has conspired to exacerbate their pains and pangs through the insensate and insensitive timing of the deregulation. They are angry that it is doing so at a time when other decent countries of the world are giving succour to their citizens with palliatives, and cushioning the searing effect of the COVID-19 pandemic.
Nations across the world are providing social welfare, subsidising essential goods and products, pumping money into the economy, giving free rents, food, medicaments, necessaries, tax holidays, mortgages, recesses, etc, to their citizens. In Nigeria, the reverse is the case.
FACT VERSUS FICTION
So, before the government cheaply sermonises that deregulation will provide employment to millions of Nigerians directly and indirectly, we must remind it that the hike in petroleum prices, which has gone to over N180 in some cities, will and has, indeed, already increased inflation and worsened the living standard of already poor Nigerians.
Before the government thumps its chest and gloats over deregulation as attracting new foreign direct investment in the petroleum industry, expanding downstream sector, increasing competition and improving the refineries, pipelines, trucks, depots and filling stations, and ultimately leading to cheaper prices, let me tell the same government that it is the common man and woman that bear the full brunt at the end of the day. Prices of commodities have simply tripled, thus, increasing their woes, miseries and harsh living environment.
Before this directionless government inundates us with the recycled story that it is the “big men and women,” corrupt politicians and roguish importers who have been enjoying regulation and subsidy and so must be stopped, let me tell the same government that these same classes of people have now increased geometrically under the same government. Where mere rodents and millipedes crawled in the sector before now, they have, since 2015, metamorphosed into deadly vipers, vampires, rattle snakes and blood-suckers.
Before this government pontificates that deregulation will ultimately be beneficial to the Nigerian people, let me inform the same government that price regulation (in spite of its obvious disadvantages) in a country like Nigeria, which has a mono-product, has dire consequences and negative multiplier effects on the socio-economic and political life of already impoverished Nigerians, whose lives of despondency have continually been played like a yoyo on the political chessboard of guinea-pig Nigerians. Let the government know that, under Section 14 (1) (b) of the 1999 Constitution, “the security and welfare of the people shall be the primary purpose of government”.
The government must be told that “sovereignty belongs to the people of Nigeria from whom government through this Constitution derives all its powers and authority” (Section 14 (1) (a)).
Let the government know that it has no fiscal discipline and that price stability is required in a “disarticulate economy” (as put by the late Prof. Claude Ake), where Nigeria produces goods she cannot consume (crude oil) and consumes goods she cannot produce (petrol). Let this compassless government know that total removal of petroleum subsidy is a volatile and politically sensitive matter in a developing country like Nigeria, which is replete with massive corruption, religious and ethnic cleavages, low per capita income on a non-living wage, high unemployment rate, infrastructural decay, ignorance, superstition, zero welfare system, and high population growth. Here comes the Malthusian Theory of Population.
According to the great economist, Thomas Robert Malthus, who propounded the theory, there must be a way to establish a balance between population growth and food supply, through preventive positive checks. The theory is based on the reality of “exponential population and arithmetic food supply growth.”
Let this government be reminded that deregulation means further devaluation of the already weakened naira, which now exchanges for between N450 and N480 per dollar, whereas it exchanged for between N157.4 to N158.7 to the dollar in 2012, when President Jonathan deregulated, and Nigerians immediately beat him back with bare knuckles. Remind this propagandist government that it is under it that a snake allegedly swallowed N36 million; that we had an alleged corrupt grass-cutting SGF (N544.1 million); that we had a former head of the Pension Fund who allegedly fraudulently “chopped” over N100 billion pension fund; where N378 billion ($1.05m) allegedly grew wings and flew away from NNPC’s coffers; where ICPC uncovered alleged N18.62 billion padding scam by some MDAs; and where contractors in CBN and MDAs allegedly inflated contracts to the tune of N26.86 billion, among others.
Let this government learn that it is severely and gravely contradicting itself by rejecting the much overdue restructuring of Nigeria, while at the same time embracing wholesome deregulation. The government does not appear to appreciate that deregulation must inevitably lead to restructuring, in which the oil-bearing states and communities will be positioned to control and manage their own God-given resources.
Let this government appreciate that no private investor, especially foreigners, will ever come and invest in a Nigerian economy that is “fantastically corrupt” (President Muhammadu Buhari’s own words); where there is sustained disobedience to court orders; where rule of law is observed more in breach than in adherence; and where the fundamental rights of the citizens are trampled upon with impunity.
REVISITING HISTORY
In 2011, nearly nine years ago, I had reacted to the NBA’s own reaction to President Jonathan’s then planned removal of petroleum subsidy. The NBA had argued that subsidy removal was good, but that the time was not ripe for it. I had waded in and argued as follows, on November 30, 2011, (an argument I have not seen any reason to depart from 9 years later):
“In jurisdictions where subsidy is removed, the infrastructure are in good shape, hospitals are in good shape and the roads, very good. There’s water, abundant health facilities and educational opportunities. Capacity building and employment opportunities are there. But, in the case of Nigeria, the common man is already bearing the brunt of impoverishment within the society. To remove fuel subsidy now is to further impoverish that common man…
“For us to remove the subsidy now, the common man will be trampled upon. So, the NBA is saying some of infrastructural facilities should be put in place before the subsidy is removed…
“In Nigeria, economic forces do not appear to obey or honour the Newtonian Law of motion. The law of motion propounded by Isaac Newton states that everything that goes up must come down. But, in Nigeria, when it goes up, it continues to go up, up and up…
“So, what the NBA is saying is that we agree that the oil subsidy would be removed, but phase it in a timeline of about seven years doing A, B, C and D; break the backbone of the cartel and build more refineries, remove corruption and leakages.
“Then begin to repair the existing refineries, licence more private people to build more refineries. After all, the Igbos were refining crude oil during the civil war. And they were using it to run their vehicles. So, what happened, 41 years after the end of the civil war in January 1970, that we cannot refine our oil?
“My argument is subsidising your products is a misnomer. A farmer does not subsidise his yam to be able to eat it. If we produce crude oil, we should be able to enjoy crude oil as a God-given gift, without having to pay the same rate, which obtains internationally, because it is an advantage that we have oil. We cannot live by the river and still wash out hands with spittle. But, from all indications, it appears that, at the end of the day, whether today or tomorrow, or five years’ time, there is no way we cannot deregulate this sector of the economy because that is the norm across the world. But, first, put in place facilities that will cushion the inevitable inconveniences and suffering that will emanate from subsidy removal.
“The government should also ensure it curbs corruption that has always beset the sector. Between 1981 and 1982 when I was a youth corper, I bought a small Subaru car, I was fueling it with 20 kobo from Lagos to Agenebode. But, today, you need an average of about N20, 000 to fuel the same car. The question is: Why has there been a geometrical increase in the prices of oil without a comparative geometrical increase in the comfort and living standards of the people?”
Six years later, I am vindicated. I now say, ten years later, I am today more vindicated.
FUN TIMES
“Interviewer: Why do you want to work with us?
Job seeker: Can you do all the work alone?”
THOUGHT FOR THE WEEK
“Deregulation is the government code word for facilitating corporate fraud.”
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By Boma Lilian Braide Esq.
The water remembers. It remembers when we were queens and kings of the creeks, when our voices carried across the rivers like thunder, and when no external force could dictate the terms of our existence.
Today, as a daughter of the Ijaw nation, I look at our political landscape and my heart breaks into a thousand pieces. The recent withdrawal of Pastor Tonye Cole from the political race reopened a wound that never properly healed. I immediately texted him a single, urgent question: “Why?” His response was a resigned, familiar phrase; “It is well.” At that exact moment, my thoughts were screaming so loudly inside my head, “Not again!” It felt like a brutal repetition of an old script. Every single time, without fail, they treat the Ijaw man badly, pushing him out of the room where decisions are made.
This leadership class continually trades our birthright for political crumbs, leaving me with a profound sadness I cannot shake. Every four years, we are forced to watch the same exhausting, predictable cycle play out. We have become the laughing stock of the Nigerian politics. We roar like lions in the morning, only to allow ourselves to be led like sheep to the slaughter house by nightfall. This pattern is not merely a string of tactical errors. It is a structural and psychological condition that has calcified into our political culture. We begin every election season with unparalleled bravery, massive energy, clarity, and a list of demands. We mobilise, we protest, we declare our rights. Yet at the decisive moment we fold. We trade collective power for personal gain. We accept crumbs while the harvest is taken from our lands allowing our leaders to be used as mere pawns, chess pieces, and foot soldiers on a board completely controlled by outsiders.
Call it what it is, a political Stockholm syndrome. When a people are held hostage by extractive systems for generations, they can begin to see the captor as a provider. When political actors poison our rivers, burn our gas, and extract our wealth, then return during elections with token gifts, the damaged political imagination can mistake those gifts for benevolence. A motorcycle, a solar lamp, a bag of rice, or a ten thousand naira note becomes a substitute for structural justice. We applaud the giver and forget the theft.
This is not a partisan indictment. The major parties have all participated in this system. From the coastal edges of Ondo and Edo, through Rivers and Bayelsa, to the riverine communities of Delta and Akwa Ibom, the script is the same. Political machines arrive with cash and spectacle. They leave with votes. They do not stay to build roads, to clean oil spills, to fund health care, or to restore fisheries. They do not invest in education or in the infrastructure that would make our communities resilient. They know they do not have to. They know that the combination of poverty, fragmentation, and short-term survival instincts will deliver the votes they need.
The spectacle in Rivers State is instructive. The conflict between an incumbent and a predecessor is not only a personal rivalry. It is a mirror of a deeper structural problem. An Ijaw son may occupy the governor’s office, but the expectation of loyalty to an external power broker remains. When disagreements arise, the Ijaw polity does not close ranks. Instead, it fractures. Elders, youth groups, and political actors align with different external centres of power. We tear ourselves apart while the larger system remains intact.
Delta State offers another painful example. The region produces a disproportionate share of the oil wealth that sustains the state and the nation. Yet Ijaw communities are routinely relegated to secondary roles in governance. The highest offices are often out of reach. When an Ijaw candidate shows real ambition, the pressure to step down, to accept a consolation prize, or to be bought off intensifies at the last minute. The result is a steady stream of symbolic representation and token appointments that do not translate into structural change.
Even Bayelsa State, our most homogenous political home, has not been immune. The state has been turned into a dependent outpost. Political life there is often conducted under the shadow of Abuja. During elections, communities are militarized. Young people are paid paltry sums to snatch ballot boxes and intimidate their neighbours. The leaders who emerge from such processes rarely prioritize environmental remediation, health care, or education. They prioritize survival within the national political economy.
Why do we accept this? Part of the answer lies in a minority complex that has been cultivated over generations. We have been taught to believe that because we are numerically small and geographically dispersed across several states, we cannot set national terms. That belief is false. Our geographic position along the southern maritime border gives us leverage. Nigeria’s economy cannot function without the peace of our creeks. Yet we negotiate from a position of weakness because we lack a unified, non-partisan political command structure.
Other major ethnic blocs in Nigeria have developed cultural mechanisms that protect collective interests across party lines. They maintain consensus on key strategic questions and punish those who betray the collective. The Ijaw political house, by contrast, is fragmented. We are divided into Western, Central, and Eastern blocs. Internal jealousy and rivalry consume us. When an Ijaw son or daughter rises to prominence, it is sometimes their own people who are recruited to pull them down. This internal sabotage is a major reason we are treated as expendable by national political machines.
Our representatives in national assemblies and federal boards are often the most silent and compliant. They vote for policies that harm our region because they want to protect their personal seats and committee positions. We have forgotten the intellectual foundation of our struggle. Our fathers did not rely on muscle alone. They fought with logic and strategy.
Harold Dappa Biriye used constitutional arguments to demand minority rights during the pre-independence conferences. Isaac Adaka Boro presented a detailed economic manifesto during the twelve-day revolution, exposing the systematic underdevelopment of the Delta. The Kaiama Declaration of 1998 linked environmental justice with true federalism in a way that remains a model for strategic political thinking. Today, that intellectual tradition has been eroded by a culture of thuggery, praise singing, and the pursuit of quick money.
The social and economic costs of our political submission are visible everywhere. Schools sink into the mud. Primary health centres lack basic medicines. Women die in childbirth because there are no functional boats to transport them to urban hospitals. Rivers that once sustained us are coated with crude oil. Gas flares burn day and night, releasing toxins that cause cancers and respiratory diseases. In any functioning democracy, such environmental devastation would provoke electoral punishment. But our people accept ten-thousand naira, wear party uniforms, and return the same leaders to office.
This pattern is not only morally wrong. It is strategically suicidal. The global energy transition is underway. The world is moving away from fossil fuels. In a few decades, crude oil will no longer be the primary driver of the global economy. When that happens, the Nigerian state’s willingness to distribute minor rents, amnesty stipends, and pipeline contracts will evaporate. If we remain politically domesticated and economically dependent, we will be discarded once our resources lose value. We will be left with a ruined environment and a population unprepared for the modern economy.
Breaking this cycle requires a radical transformation of our political behaviour. It requires both immediate reforms and long-term institution building.
First, we must refuse to sell our votes for temporary relief. If politicians bring money during elections, take it because it is a fraction of your stolen wealth, but enter the voting booth and vote fiercely against them if they have not delivered real, systemic progress. The act of taking money and voting against the giver is not a moral ideal. It is a pragmatic tactic that recognizes the reality of survival while asserting political agency.
Second, we must create a culture of community accountability. Any Ijaw politician, elder, or youth leader who sells out the collective interest for personal gain must face social consequences. They should be stripped of traditional honours, excluded from community gatherings, and greeted with public disapproval rather than celebration. The cost of betrayal must be made higher than the reward offered by external actors.
We must also institutionalize our collective strength. The Ijaw nation needs a permanent, non-partisan political and economic council composed of our finest minds. This council should include intellectuals, legal experts, economists, and community builders from across the globe. Its mandate would be to define a multi decade Ijaw National Agenda that transcends party lines. Any Ijaw person entering politics should be bound by that agenda. Any external political force seeking our cooperation should be required to commit to its verifiable execution.
Again, we must build strategic alliances with other coastal minority groups. From Calabar to Badagry, the coastal communities share common interests in environmental protection, maritime economies, and regional development. A unified coastal voting bloc would create a political force that no national party can ignore. Such an alliance would also strengthen bargaining power for federal resource allocation and environmental remediation.
Fifth, we must shift our economic focus from pipelines to the blue marine economy. Our future lies in the ocean. We must invest in community owned industrial fishing fleets, deep sea shipping logistics, local shipbuilding yards, and aquaculture networks. We must develop port infrastructure and maritime training centres. Economic independence is the foundation of political courage. When our communities can fund their own schools, hospitals, and water systems through independent marine enterprises, we will no longer beg for crumbs.
Sixth, we must invest in education and leadership training. Political courage is not loud rhetoric. It is disciplined strategy. We must train a new generation of leaders who understand constitutional law, public finance, environmental science, and international trade. We must teach negotiation skills, coalition building, and institutional design. The Ijaw struggle must be intellectualized and professionalized.
Seventh, we must reclaim our narrative. For too long our story has been told by others. We must document our history, our legal claims, and our environmental evidence. We must use the courts, the media, and international forums to hold polluters and complicit officials accountable. We must turn our lived experience into verifiable claims that can be litigated and publicized.
Finally, we must practice disciplined solidarity. Political unity does not mean uniformity of opinion. It means a shared commitment to core strategic objectives. It means agreeing on red lines that cannot be crossed. It means supporting candidates who commit to the Ijaw National Agenda and sanctioning those who betray it.
The hour is late. The cost of our political naivety is visible in every polluted river, every jobless youth, and every broken promise. We cannot enter another election cycle with the same broken playbook. We must reject transactional politics and demand structural change. We must hold our leaders accountable and refuse to celebrate personal appointments that bring no collective benefit.
We must heal ourselves of this political Stockholm syndrome. We must stop loving the systems that destroy us and begin the difficult work of building lasting political infrastructure. The future of the Ijaw nation depends on our ability to transform our pain into strategic power. The water is watching. The spirits of our ancestors who resisted colonial domination are watching. We must rise, cleanse our minds of dependency, and stand with dignity. The era of last minute surrender must end. The time for strategic, sovereign Ijaw political courage has arrived.
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Leadership in Africa: Forging a New Era of Self-Reliance, Unity and Global Relevance (Pt. 3)
Published
1 month agoon
May 23, 2026By
Eric
By Tolulope A. Adegoke
“True leadership in Africa is not the pursuit of power, but the courage to serve — to turn the pain of yesterday into the promise of tomorrow, to bind broken hearts into one destiny, and to raise a continent where every son and daughter can stand tall, not by pulling others down, but by lifting one another higher.” – Tolulope A. Adegoke, PhD
Building upon the foundational principles and practical pathways discussed in Parts 1 and 2, this continuation explores the deeper implementation strategies, institutional reforms, cultural shifts, and long-term vision required to translate African leadership into tangible, sustainable transformation. It addresses the realities on the ground while offering forward-looking, actionable recommendations that can help Africa move from potential to performance on both regional and global stages.
Institutional Reforms as the Backbone of Transformative Leadership
Visionary leadership without strong institutions is like a beautiful dream without a foundation. Africa’s progress depends on building institutions that are resilient, transparent, and people-centred.
Leaders must prioritise civil service reform, judicial independence, and anti-corruption mechanisms that are not only punitive but preventive. For example, Rwanda’s use of performance contracts (imihigo) for public officials has created a culture of accountability and results. Similarly, Ghana’s strong electoral commission and relatively independent judiciary have helped sustain democratic stability. These models show that when institutions are strengthened, leadership becomes less about individual charisma and more about systemic effectiveness.
Regional institutions such as the African Union, ECOWAS, SADC, and the East African Community must also be reformed. They need greater financial autonomy, faster decision-making processes, and clearer enforcement mechanisms. The African Union’s current efforts to reform its Peace and Security Council and operationalise the African Standby Force are steps in the right direction, but they require consistent political will and adequate funding from member states.
Cultural and Mindset Transformation
Leadership that builds Africa must also transform mindsets. Many of the continent’s challenges are rooted in colonial-era thinking, dependency syndromes, and a culture of short-termism.
Progressive leaders should invest in cultural renewal programmes that celebrate African excellence, innovation, and resilience. This includes supporting the creative industries — Nollywood in Nigeria, Afrobeats music, and contemporary African literature — which are already projecting positive African narratives globally. Educational systems must move beyond rote learning to foster critical thinking, ethical reasoning, and entrepreneurial spirit.
Youth leadership development is particularly crucial. With over 60% of Africa’s population under the age of 25, the continent’s future depends on preparing young people not just for jobs, but for leadership. Initiatives like the African Union’s Youth Agenda and national youth service programmes should be expanded and made more impactful.
Economic Transformation and Self-Reliance in Practice
True self-reliance requires deliberate economic restructuring. Leaders must champion value addition in agriculture, mining, and natural resources. Instead of exporting raw cocoa, cotton, or crude oil, African countries should invest in processing facilities that create jobs and capture more value domestically.
The African Continental Free Trade Area (AfCFTA) offers a historic opportunity. When fully implemented, it can boost intra-African trade, reduce dependence on external markets, and create new industries. Leaders who actively remove non-tariff barriers, harmonise standards, and invest in cross-border infrastructure will be remembered as the architects of Africa’s economic renaissance.
Public-private partnerships (PPPs) should be strengthened, with clear frameworks that protect national interests while attracting responsible investment. Countries like Morocco and Ethiopia have shown how strategic industrial policies can attract foreign direct investment while building local capacity.
Global Relevance: Africa as a Solution Provider
Africa must stop seeing itself solely as a recipient of global solutions and begin positioning itself as a contributor. The continent’s vast renewable energy potential, youthful population, and rich biodiversity give it unique advantages in addressing global challenges such as climate change, food security, and digital innovation.
Leaders who understand this will invest in research and development, patent African innovations, and engage confidently in global forums. The success of African pharmaceutical companies during the COVID-19 pandemic and the growth of African tech unicorns demonstrate that the continent can compete and lead when given the right environment.
A Balanced and Hopeful Conclusion
Africa stands at a historic crossroads. The challenges — poverty, inequality, climate vulnerability, and governance gaps — are real and significant. Yet the opportunities — a youthful population, abundant natural resources, cultural richness, and growing regional integration — are even greater.
Leadership remains the decisive variable. When leaders rise above narrow interests to serve the collective good, Africa does not just survive — it thrives and offers the world new models of resilience, innovation, and inclusive growth.
The path forward requires a new covenant: between leaders and citizens, between nations and regions, and between Africa and the global community. This covenant must be rooted in trust, mutual accountability, and shared vision. With the right leadership — courageous, ethical, inclusive, and strategic — Africa can forge a new era of self-reliance, unity, and global relevance.
The question is not whether Africa can rise. The question is whether its leaders, supported by an awakened citizenry, will summon the will, wisdom, and courage to make that rise unstoppable. The world is watching, and history is waiting to record the choices made in this decisive decade.
Africa’s story is still being written. With visionary leadership, it can become one of triumph, dignity, and global excellence.
Dr. Tolulope A. Adegoke, AMBP-UN is a globally recognized scholar-practitioner and thought leader at the nexus of security, governance, and strategic leadership. His mission is dedicated to advancing ethical governance, strategic human capital development, resilient nation building, and global peace. He can be reached via: tolulopeadegoke01@gmail.com, globalstageimpacts@gmail.com
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