Nigeria needs to be salvaged Episode 02

By priviyat | Rationale world... | 10 Jul 2021


Nigeria Delta and its Militants
The country has enormous oil wealth and to surprise it has also been a source of huge turmoil in the region. With the drilling of oil from the sea since 1958, the country inadvertently spilled millions of barrels of oil in the region because of a lack of required infrastructure or one can say the lack of leadership. The government launched a billion-dollar project to recover the loss but it has only led to the increased conflict and violence in the region and increased attacks on oil installations have pushed the country into recession. Piracy has increased on the “GULF of GUINEA”  and increased attacks on oil installations pose a threat to oil production. It is one of the world’s largest exporters of crude oil but still imports 90% of the country’s domestic gasoline requirement and also suffers from fuel and electricity shortages.
The country hasn’t done its homework on “Natural Gas Flaring” it is a concept of not having a remarkable infrastructure of exploiting the natural gas reserve.

There are also innumerable cases of Security sector abuse, if we shed some light on the security forces and the police forces of Nigeria they have gone maniacal committing human rights abuses, brutality, harassment, bribery, torture, and extrajudicial killings which to my knowledge is not what the security sector is meant for.

The country’s enormous subsidy on fuel hampered the economic growth and the increase in global oil price did little to counterbalance such inflated subsidy costs. The people often misemployed this subsidy and involved in blacking the subsidized resources for higher prices in the nearby regions.

Why the country is not being able to counteract??
A report prepared by the Carnegie Endowment for International Peace concluded that “decades of unchecked corruption have hollowed out the Nigerian military and security services and rendered them unable to effectively combat Boko Haram or ethnic-religious and communal conflicts.” Lack of coordination and cooperation between various administrating authorities and security forces, and service intelligence inflames the problem. It ranks poorly in the transparency International’s Corruption Perception Index.
In 2015, the country stumbled to the point that it even borrowed money for international organizations for paying its government employee.
In 2018, Nigerian National Power Corporation (NNPC) stated that the country is paying USD 2 million as its assistance in the form of a daily subsidy and therefore the government reduced subsidies dramatically which adds to further the violence and strikes in the states forcing the government to restore its previous subsidy to a large extent.
In June 2018, World Bank announced that it had approved a total of USD 2.1 billion in concessionary loans to Nigeria through its International Development Association entity to support access to the basic infrastructure to the country viz. Access to electricity, promotion of nutrition programs, improving sanitation, piped very low water connection, and enhancing governance. The government’s Eurobond sales gathered USD 4.8 billion in 2017 with an additional USD 2.5 million sold in Feb 2018.

It is one of the least performings countries on the Human Development Index begging rank among the top 25 countries from the bottom. According to the World Malaria Report 2020, 27% of the global malarial case is in Nigeria and also 23% of the global malarial deaths. Tuberculosis ranks 7th among 30 high TB burden countries, and it has the world’s second-largest HIV/AIDS infected population.
China has supported Nigeria a lot in terms of economy, it has profusely invested in a variety of infrastructures such as transport, manufacturing, agriculture, energy, and hydropower projects. 

While summing up my words I would like to say that the country needs to be salvaged out of its misery. Fighting terrorism is Sisyphean, but the world, the big economies, and the international forums together can retaliate it in one way or another. The various forums hold and conclude meetings every year to counter-terrorism, fighting global climate change, boosting the economy of the country, ensuring education to be delivered to each being of this earth i.e. bickering about making the world a better place to live is of no use or their adoptive measures are going to be established just on papers, leaving and pushing these countries into gehenna deeper and deeper until the terrorist organization of these countries is powerful enough to spread the terrorism in other regions, states, and countries.  It is obvious that no country wants to risk the life of its soldier sending them to terrorist affected countries to conclude a peace which is Sisyphean but it has already become the need of the hour, did we fail to retaliate, every economy will pay for an untradable price in a way or other. The young kids, youths, and people who deserve a better future will end up being entangled in another decade of terrorism, rather than getting precocious they are forced to hold guns in their teensy hands.

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