Petroleum Subsidy Impact

Posted November 15th, 2011 by Stephen Ogunyiola
Oil Subsidy Impact

As the saying goes, “A healthy nation is a wealthy nation.” The future of any country’s survival, and that of its corporate institutions, depends largely on how healthy or otherwise responsive government is to the yearnings of it citizens. Subsidies are one of the palliative measures countries around the world put in place to stabilize […]

Nigerian Petroleum Subsidy

Posted November 7th, 2011 by Stephen Ogunyiola
Nigerian Fuel Subsidy

A subsidy (also known as a subvention) is an assistance paid to a business or economic sector. Most subsidies are made by the government to producers or distributors in an industry to prevent the decline of that industry (e.g., as a result of continuous unprofitable operations) or an increase in the prices of its products […]

Energy Security

Posted October 24th, 2011 by Stephen Ogunyiola
Energy Security

Energy security is a term for an association between national security and the availability of natural resources for energy consumption. Access to cheap energy has become essential to the functioning of modern economies. However, the uneven distribution of energy supplies among countries has led to significant vulnerabilities. Threats to energy security include the political instability […]

The Nigerian’s Dream

Posted October 17th, 2011 by Stephen Ogunyiola
The Nigerian

The Nigerian government’s 7-Point Agenda or Seven Major Government Issues accommodate Power and Energy, Food Security and Agriculture, Wealth Creation and Employment, Mass Transportation, Land Reform, Security plus Qualitative and Functional Education. They were defined in many ways, but the most frequently quoted definition is from Our Common Future; which energizes development that meets the […]

Vision 2020

Posted October 10th, 2011 by Stephen Ogunyiola
Vision 2020

Several economic reforms and strategic plans have been put in place in Nigeria to diversify the revenue sources of the economy towards achieving the nation’s Vision 2020. Many of these reforms and plans have lasted without substantial assurance of the country’s targets. Nigeria is the single largest entity in West Africa and the most populous […]

Energy Crisis In Nigeria

Posted October 3rd, 2011 by Stephen Ogunyiola
Energy Crisis In Nigeria

For many years now, Nigeria has been facing an extreme electricity shortage. This deficiency is multi-faceted, with causes that are financial, structural, and sociopolitical, none of which are mutually exclusive. Nigeria’s power sector has high energy losses from generation to billing, a low collection rate and low access to electricity by the population. There is […]

Nitric Oxide

Posted September 26th, 2011 by Stephen Ogunyiola
Nitric Oxide

Nitric oxide (also known as nitrogen monoxide) is a chemical compound with the chemical formula NO. This diatomic molecule is a free radical. This gas is an important intermediate in the chemical industry. Nitric oxide is an air pollutant produced by combustion of substances in air, like in automobile engines and fossil fuel power plants.  […]

Sulfur Dioxide

Posted September 19th, 2011 by Stephen Ogunyiola
Sulfur Dioxide

Sulfur dioxide is the chemical compound with the formula SO₂. It is released by volcanoes and in various industrial processes. Since coal and petroleum often contain sulfur compounds, their combustion generates sulfur dioxide unless the sulfur compounds are removed before burning the fuel. Further oxidation of SO₂, usually in the presence of a catalyst such […]

Carbon Monoxide

Posted September 12th, 2011 by Stephen Ogunyiola
Carbon Monoxide

Carbon monoxide (CO), also called carbonous oxide, is a colorless, odorless, and tasteless gas which is slightly lighter than air. It is highly toxic to humans and animals in higher quantities, although it is also produced in normal animal metabolism in low quantities, and is thought to have some normal biological functions. Carbon monoxide consists […]

Coal Mining

Posted September 5th, 2011 by Stephen Ogunyiola
Coal Mining

Coal is a combustible black or brownish-black sedimentary rock normally occurring in rock strata in layers or veins called coal beds or coal seams. The harder forms, such as anthracite coal, can be regarded as metamorphic rock because of later exposure to elevated temperature and pressure. Coal is composed primarily of carbon along with variable […]

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