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Nairaland Forum / Nairaland / General / Politics / Soludo: Obama’s Energy Policy, Threat To Nigeria (4730 Views)
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Soludo: Obama’s Energy Policy, Threat To Nigeria by FBS: 10:36am On Jan 22, 2009 |
Twenty-four hours after Barack Obama became the 44th President of the United States of America, the Governor of the Central Bank of Nigeria (CBN), Professor Chukwuma Soludo, has warned that the energy policy of the new administration may spell doom for the Nigerian economy.can't we also look for alternatives in this age and time? Must we always depend on oil? |
Re: Soludo: Obama’s Energy Policy, Threat To Nigeria by Aydeggy: 11:10am On Jan 22, 2009 |
our Government has already started thinking of an alternative means of income, there is serious pressure on Nigerian custom to intensify checks on vehicles roaming interstate borders without custom duty certificates government is looking at making income from this exercise, so guys ensure u carry ur custom papers while traveling from state to state or else ur car will be collected from you. |
Re: Soludo: Obama’s Energy Policy, Threat To Nigeria by FBS: 12:04pm On Jan 22, 2009 |
Aydeggy:for real? are you serious? and how much will they generate? get serious pls. |
Re: Soludo: Obama’s Energy Policy, Threat To Nigeria by Nobody: 12:35pm On Jan 22, 2009 |
Yeh, i thoguht the same way as soon as he annouced it, But trust Nigerian leaders not to ever reason rather they will say Olunmaje, its not our portion, while they will keep stealing. Soon, the oil money will stop flowing and eye go clear us, maybe then people will start wsing thier head |
Re: Soludo: Obama’s Energy Policy, Threat To Nigeria by ladej(m): 12:51pm On Jan 22, 2009 |
one day oil will finish. if it doesnt a cheaper alternative will crop up. scientists have been spending numerous years in labs just for this purpose. dont say it cant be done, cos it can. we need to diversify, that is the only way we wont be left behind. I agree with Soludo on this point |
Re: Soludo: Obama’s Energy Policy, Threat To Nigeria by SisiJinx: 12:56pm On Jan 22, 2009 |
Maybe we can now go back to Agriculture. Oil was the worst thing that ever happened to Nigeria. Besides, how much threat can it be. . . it's not like we ever enjoyed the spoils of being the 5th exporters. |
Re: Soludo: Obama’s Energy Policy, Threat To Nigeria by auwal87(m): 1:10pm On Jan 22, 2009 |
Make we follow Obasanjo to his farm. Agriculture should be the answer. |
Re: Soludo: Obama’s Energy Policy, Threat To Nigeria by Nobody: 1:16pm On Jan 22, 2009 |
Aydeggy:WTF? I mean, are you joking? are you OK? |
Re: Soludo: Obama’s Energy Policy, Threat To Nigeria by otukpo(f): 1:25pm On Jan 22, 2009 |
Its good Soludo has alerted the Nigerian Govt. it is now left to the govt to go into alternatives like agriculture as he also suggested. it will do Nigeria a lot of good if they start acting on this now. |
Re: Soludo: Obama’s Energy Policy, Threat To Nigeria by FBS: 1:33pm On Jan 22, 2009 |
The current/past governments are buffons. While the whole world is searching for alternatives to everything, they are concentrating on oil. must they need someone to tell them? What about agriculture? Oh God, please help us . |
Re: Soludo: Obama’s Energy Policy, Threat To Nigeria by samparian(m): 1:38pm On Jan 22, 2009 |
finally, some people at the top are beginning to worry. but my concern is, are they worried about us, the masses or that there wont be much for them to steal again? |
Re: Soludo: Obama’s Energy Policy, Threat To Nigeria by Afam(m): 1:42pm On Jan 22, 2009 |
More than 13 months ago I wrote an article titled "The President's position on alternative energy - not in our own best interest" when it was reported that developed nations were conspiring to seek for alternatives to crude oil as the main energy source. It is funny that some people in the government are just waking up to this reality. +++++++++++++++++++++++++++++++++++++++++++++++ The president's position on alternative energy - not in our own best interest 26th, Dec 2007 - 08:47:45 At a recent meeting of OPEC member states it was reported that Nigeria's President Umaru Musa Yar'adua stated that the developed nations may be conspiring to push for alternative sources of energy and as such would negatively affect the economy of oil producing and exporting states since they are the ones benefiting from the high oil prices right now. While I agree that crude oil will remain a major source of energy for quite some time it will be dangerous for anyone to assume that alternatives cannot replace crude oil supply because those who do not want to adjust, prepare or acknowledge change may be consumed by the change itself. Energy and power drive the economy of so many nations especially the developed nations. Non oil producers and unfortunately some oil producing and even oil exporting nations like Nigeria must buy crude oil at the international prices which is at least $100.00 per barrel. Power plants especially gas fired ones, factories, industries, automobiles all require one form of fuel or the other to run and for now the bulk of the energy requirement is met by crude oil. But things are changing, albeit slowly but surely. Distributed systems are becoming common place in some parts of the world today, individuals can generate their own electricity by using solar panels or wind turbines. As more and more people generate their own power the revenue of power generation companies will reduce and the need to generate energy that may not be purchased will reduce as well. In other words, distributed energy generation systems are enough to case a major change in the way people demand energy from power generating companies which have a direct bearing on the cost of crude oil vis a vis the economy of nations that depend on crude oil revenue to survive. Do not forget the fact that if individuals can generate their own electricity, companies with more financial base can as well. Automobiles are yet another major consumer of oil whether in the form of fuel (PMS) or diesel. Even though the use alternative source of fuel for automobile is not common here in Nigeria we must realize that in some countries today bio ethanol is already being used by individuals and government programs like mass transit systems like what Brasil is doing today. Hybrid cars are already on the roads today and many automobile makers are thinking in the direction of manufacturing cars that would utilize alternative sources of energy. If I generate electricity using solar panels or wind turbine and my car runs on bio ethanol (used vegetable oil plus methanol and caustic soda are enough to produce cheap fuel for diesel engines) then I may as well not give a damn what PHCN charges per kilowatt of electricity consumed or what the price of fuel or diesel is at the petrol station. If gradually people embrace these alternative sources of energy what becomes of our crude oil that we depend on for our survival? What will happen when the demand for crude oil reduces? Many argue that the demand will always increase due to population increase and industrialization though. Unfortunately, those that are seriously seeking alternative sources of energy are the same people that will spend time and money on research, they will do all they can to find alternatives that make economic sense. Put differently, we are not in any position to decide whether they will depend on us or not, we simply have to hope and pray they do or we begin now to weigh our options because the change or shift in the current energy regime may come sooner than expected or anticipated. Considering the abundant quantity of renewable energy sources like wind and sun in this part of the world it is still surprising that we are not at the forefront of research into these viable alternative sources of energy even if only to guarantee steady power supply to Nigerians. By the way, why are we making so much money from crude oil today and yet the majority of Nigerians are living in poverty? It seems we have a way of rubbishing all known economic theories and postulations. If Nigerians cannot benefit from the current high price of crude oil today, is it when the price crashes or when the world must have found alternatives that we will benefit? The only constant thing in life is change and we must either prepare for it or be consumed by it. In the past the media was controlled by governments, information used to be properly vetted and filtered by governments, today just about anyone can set up an information system by owning a website or a blog and immediately begin to publish information thanks to the power of the internet. Today, governments are even forced to react to issues raised by individuals who publish information that would never have seen the light of the day in the past. If the people in Nitel were told some 10 years ago that one day mobile phones will be in the hands of practically every Nigerian and that people would be able to communicate without running wires from their homes or offices to telephone boxes or poles across the streets I am sure they would have laughed off the idea, today we know better. Though patriotism may make one dismiss anything that appears not to be in our own interest we must remember that there is a thin line separating reality and perception of reality. It is very possible to replace crude oil as a major source of energy, the earlier we believed this the better for us. ++++++++++++++++++++++++++++++++++++++ http://afamnnaji.com/blog_view.php?myview_id=49 |
Re: Soludo: Obama’s Energy Policy, Threat To Nigeria by Nobody: 1:45pm On Jan 22, 2009 |
na2day? since the 70s, in the aftermath of the oil crisis, the US has been 'pursuing alternative energy sources' the long and short of it, as far as i'm oncerned is thatthe worlds greatest energy hogs are just kidding themselves - especially since american oil service companies generate significant revenue from exploitation/extraction of fossil fuels in countries other than america. well - obama is supposed to be the change agent. . .but we shall see whither all that biofuel noise of a few years ago? wind turbines are not particularly efficient solar energy still costs too much installation wise and americans energy consumption keeps on climbing. . . anyway - we shall see |
Re: Soludo: Obama’s Energy Policy, Threat To Nigeria by samparian(m): 1:47pm On Jan 22, 2009 |
FBS, God has already helped us as a country. we are so blessed with numerous resources and man power. Our land is so productive. we dont have natural disasters like earthquakes, snow storms, volcanic eruptions etc. all of Nigeria's woes have been all man made. As a child i remembered NTA news in the early 80's had clips of our ground nut pyramids. Now they've all disappeared We have the land for massive agricultural projects which will put us on the map of food exporters in the world. all we need to do is to invest seriously and HONESTLY into agriculture |
Re: Soludo: Obama’s Energy Policy, Threat To Nigeria by palmwine(m): 1:50pm On Jan 22, 2009 |
Why should we believe this Soludo guy? He once told us that this globalwhatever will not affect Nigeria, I was among the first to laf back then. Now he is talking gibrish. Is he saying america shoud not look for cheap source of energy because we are no 5 exporter of crude oil. Not even refined product. So help Us God! |
Re: Soludo: Obama’s Energy Policy, Threat To Nigeria by Pain(m): 1:56pm On Jan 22, 2009 |
The Government Shuold First Invest in Highly Skilled "Human Energies" |
Re: Soludo: Obama’s Energy Policy, Threat To Nigeria by jidobaba(m): 2:01pm On Jan 22, 2009 |
Brothas, sistas. Don't b unduly worried. D plight of d common nigerian has nothin to do wit d price of oil. Is dia any kind of suffering we havnt xperiencd b4? God bless Nigeria. |
Re: Soludo: Obama’s Energy Policy, Threat To Nigeria by debosky(m): 2:07pm On Jan 22, 2009 |
I agree with oyb on this one. There is absolutely nothing to be worried about - this 'energy policy' cannot have a significant effect on oil and gas consumption for at least 20 years. Even after that, it will take considerable effort to increase renewable sources to the point where oil resources become less important. There are 3-4 Americas (1billion people) and 2-3 Americas (900 million people) who are demanding increased energy to have the same standard of living as found in the West. Even if US demand reduces, the slack will be taken up by India and China - those countries have been driving growth for the past decade and will continue to do so for the forseeable future. Wind and Solar sound good, but look at the actual percentages - less than 1% of global capacity. It sounds good to 'reduce dependence on foreign oil', but it will not happen for a long, long time to come. |
Re: Soludo: Obama’s Energy Policy, Threat To Nigeria by IBEXY(m): 2:37pm On Jan 22, 2009 |
This might be a threat in 100 yrs from now. For the foreseeable future, the world will continue to depend on crude oil to power its industries. I agree research will further in areas of more efficient use or reduction of toxic emissions - yes. What alternative are there anyway? Solar energy? It is workable but very expensive and may not see wide spread use until around 100 yrs from now. The solar powered cars still require fuel albeit at a reduced rate. Did I even get the feeling Mr Obama hinted at a more responsible commercial approach/ remuneration for oil exporting countries? Was this a condemnation of the Bush method of "sell your oil or get invaded"? |
Re: Soludo: Obama’s Energy Policy, Threat To Nigeria by Busuguma(m): 2:46pm On Jan 22, 2009 |
may be its a signal for us to start pursuing our long term developmental projects, because we shouldnt be expecting miracle in a twinklin of an eye. |
Re: Soludo: Obama’s Energy Policy, Threat To Nigeria by onyx79(m): 2:48pm On Jan 22, 2009 |
Oil or not, we should as a nation be forward looking. We ought to have taken these steps since. I agree its time to get back to agriculture. Our leaders need to demonstrate the will to get this done and not just mouth platitudes. |
Re: Soludo: Obama’s Energy Policy, Threat To Nigeria by ohije(m): 2:51pm On Jan 22, 2009 |
Obama's energy policy is a positive development. If OBAMA a man of colour can become the president of USA, THEN we as a nation must also brace up for better challenges and advancement and stop thinking always like a 3rd world country. CAN'T WE GROW TOO? WHY must our budget be messed up because oil price fell, WHY must we remain in oil production only, a venture where we do not even have a comparative advantage, per say and we are not even the major determining factor even with all the oil. WE TOO SHOULD BEGIN TO THINK LIKE OBAMA, NO MORE SMALL BLACK INHIBITED, DEFEATIST THOUGHTS. |
Re: Soludo: Obama’s Energy Policy, Threat To Nigeria by IBEXY(m): 2:58pm On Jan 22, 2009 |
Nigeria has vast lands that can be used for agriculture but the oily get rich quick lure of crude oil is too much for our politicians. We have a big population with loads of buying power yet our manufacturing industry dithers and stutters. This, as some people have said, is a false alarm worth paying attention to. |
Re: Soludo: Obama’s Energy Policy, Threat To Nigeria by amram(m): 3:03pm On Jan 22, 2009 |
This is a good development if we can take up the challenge. In the first instance we have a very wonderful climate for agriculture that will give us food and cash crop that they will even need to develop alternative energy. Crops like cassava, sunflower and others too numerous to mention will thrive very well here and this will be a wonderful alternative source of income. The best thing to be done at this point is for our government to put in place incentives that will make farming lucrative. They should encourage the youths to develop interest in farming and once again we will become the giant of the world and not only Africa alone. Whatever material they would want to use as bio fuel source, we have the capacity to produce them, which means we just have to reposition ourselves to rule the world. This is a food for thought for our leaders and every one of us. To me personally I don't see Obama's Energy policy as a threat to our country Nigeria but rather an opportunity for us to look into ways of taking advantage of this new development nationally and individually |
Re: Soludo: Obama’s Energy Policy, Threat To Nigeria by slimes(m): 3:15pm On Jan 22, 2009 |
How can a country as rich as ours still be wholly dependent on oil when we have alternative sources of revenue? Agriculture should be on the minds of our leaders now. |
Re: Soludo: Obama’s Energy Policy, Threat To Nigeria by MrCrackles(m): 3:15pm On Jan 22, 2009 |
I hope Nigeria see this as a challenge! We are over reliant on oil and that needs to change, because we have other options I mean resources wise!! |
Re: Soludo: Obama’s Energy Policy, Threat To Nigeria by udohzone(m): 3:18pm On Jan 22, 2009 |
Who Would Make The Most Cash @ This Critical Point Of Credit Crunch, Bailouts, e.t.t |
Re: Soludo: Obama’s Energy Policy, Threat To Nigeria by Thadude(m): 3:19pm On Jan 22, 2009 |
the technology for alternative to oil is already here and its (1) HHO (2) Rechargeable battery. With Obama, the oil monopoly will be broken, because he has already taken the bold steps. Soon oil will be below $10 per barrel. Come to think of it, what have we achieved as a nation with oil, we were better when agriculture was the main stay of the economy, oil came as a curse. Hopefully when oil becomes $10, the killing in the Niger delta will stop, true union of states will begin. Individually we should all go back to farming with the aim of growing crops to feed our selves, if we start that,, we can walk up the ladder to feed our communities, states and country at large. When i was alittle boy tho my dad a banker then and my mum a successful trader we still had 2 plots of land with which we farmed every 2weeks. In a journey of 45mins drive within lagos. Gush what was my dad thinking then?, The most ignored way for govt to earn money is through tax, put your citizens to work and let them pay tax. That is one of the key fund raiser for the USA govt. But the govt of Nigeria are so blinded by oil that they ignore that fact that with a population of above 140million tax generation can rival oil income, and there can be no tax if you cant provide jobs for your citizens or create the reasonable environment for them to help themselves. And whats with our hybrid youths of today?, everyone is scolding the govt they know doesnt exist, instead of them to take simple initiatives that would change the life of the nation, like Obama said, we can start reclaiming our country from the bottom up by reclaiming our communities and reshaping the minds of our youths. Where ever you are plant a food crop even if its peper or tomatoes, if u dont have a land by virtue of your location get a planting pot. Last August i planted pepers and tomatoes with 3 planting pots, because tho fun, i like my peper hot and i hardly get the hot ones in the store, i enjoyed every bit of it, after winter i'm gonna increase my planting. My dad instilled it in me and even tho i live in the USA, i still prefer getting my fingers dirty with the soil. |
Re: Soludo: Obama’s Energy Policy, Threat To Nigeria by B118: 3:43pm On Jan 22, 2009 |
ha finally!! not that i am rejoicing at the thought of Nigeria being doomed. I am infact glad that we will now have something to divert our over interest in the black Gold, good ol agriculture. However, now that we are looking for alternatives to crude oil, the next step will be biofuel. This is the part that pisses me off! the whole idea of burning food grown from the ground to feed engines to do things we have God given ability to do but we are too lazy to do. Burning food for luxuries we can do without. Despite thier are many other options other than biofuel e.g hydrogen, uranium, biomass, they just cant be bothered to fund these researches. Brazil can use millions of hectares to grow sugarcane for biofuel if they like, but i dnt care how green they claim this is, If anyone starts to burn food from my motherland to fuel cars I will be the first with a matchet in my hand heading to aso rock , UN, hell i might even beef with Obama himself damn the respect I have for him |
Re: Soludo: Obama’s Energy Policy, Threat To Nigeria by lacrimose(f): 3:45pm On Jan 22, 2009 |
Nobody is talking about natural gas, nigeria has so many other natural resources that can be utilized. Do u know that 40% of natural gas found in nigeria is burned daily because they dont know how to manage it. We are busy depending on some river somewhere to produce electricity when they can generate electricity at a higher efficiency from Natural gas. I love Obama but if he is serious about increasing taxes on oil companies, then hey nigeria might be in trouble. Alternate Energy supply is not certain at this point. My fear is that someone would create the technology out of the blue and i wont be surprised. When that happens, our government would start digging for coal or gold in ur backyard |
Re: Soludo: Obama’s Energy Policy, Threat To Nigeria by B118: 3:46pm On Jan 22, 2009 |
@ pain "The Government Shuold First Invest in Highly Skilled "Human Energies" " Amen lol |
Re: Soludo: Obama’s Energy Policy, Threat To Nigeria by NaijaEcash(m): 3:53pm On Jan 22, 2009 |
I hope our leaders will act on this warning. Even if President Obama did not look for alternative energy for his beloved country, we ought to know that the oil deposit is not forever, it will surely get finished one day. Let's go back to Agriculture, it is a better foreign income earner. |
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