Connect with us

News

Nigeria Petroleum Subsidy Scandal Is Due To Lack Of Expertise – Prof Oyegoke Lalude

Published

on

By Olusanya Funmilayo, Osogbo

Nigeria has been said to be suffering unnecessary petroleum scandal due to lack of maintenance and expertise.

This was asserted by a professor of Political Science at Fountain University in Osogbo, Osun State, Prof. Oyegoke Lalude on Thursday.

Speaking at the 2nd Inaugural Lecture Entitled “Rethinking North – South Relations: The Resources Perspective” held at the school premises, Professor Oyegoke said, “in view of the fact that Nigeria has not been able to meet technical expertise in refining crude oil, the nation has ended up as both exporter and importer of oil; an abnormality and anomaly, to say the very least.

“The Southern oil producing nations understandably possess an advantage in reserves but lack the technological expertise of exploration and processing.


“This has served as one of the greatest deficiencies and contradictions in the international oil politics in which advantages in oil reserves are reduced by lack of technical expertise and technological advancement.

“Invariably, control initially reversed from oil companies subsequently and ultimately resurfaced on technology ground.

“This implies that while the South is in control of reserves, the technology of exploring oil and by extension, production of the resource were with the outside and thus considerably reducing effects of the product dependency.

“There is enough precedence to show that the South could have got by far more in a New World Order than presently obtains, if only it has not behaved as programmed to be on the losing end, depending on the goodwill of the North at acceding to its demands, rather than explore Northern oil dependency to a Third World advantage.

“The issue lies in a culture where in the South places itself at receiving directives, rather than taking control, and sadly the underdeveloped part of the globe seems comfortable with the idea. It is particularly unfortunate that the academia in the Third World has not seen any good reason why there should be a thorough examination of the raison d’etre why this dependency, if not subservience, has not reduced over time.

“There might just be a need to move away from a general, Eurocentric methodology in the discourse on the North-South relations and adopt a model of scholarship and intellectualism that is Third World biased. The direction on a critical resource might be a starting point.”

Professor Oyegoke said, according to a research he conducted, he gathered that the scandal of petroleum subsidy Nigeria is suffering is due to the government not making maintenance an obligation on it refineries.

Read Also:Strike: Fountain University VC, Prof Amidu Bemoans Lingering FG/ASUU Face-Of
He argued that the lack of expertise in the refining of oil as is experienced in Nigeria cannot be allowed to continue adding that government needs to encourage more privatization of refineries to curb the scandal.

Also speaking, the vice chancellor of the University, Professor Amidu O. Sanni said, “if properly utilized, human resources can be a strong form of political power. This area of oil subsidy, fraud to which no country has ever benefited should be reinstated as suggested by the lecturer Nigeria should use all it power to release ourselves from the scandal.”

Dillivry [Advert Banner]

Recent Posts

Trending