Petroleum Subsidy Impact

November 15th, 2011

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

November 7th, 2011

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

October 24th, 2011

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

October 17th, 2011

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

October 10th, 2011

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

October 3rd, 2011

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 […]


Carbon Monoxide

September 12th, 2011

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

September 5th, 2011

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 […]


Geothermal Energy

August 29th, 2011

Geothermal energy is thermal energy generated and stored in the Earth. Thermal energy is energy that determines the temperature of matter. Earth’s geothermal energy originates from the original formation of the planet, from radioactive decay of minerals and from volcanic activity. The geothermal gradient, which is the difference in temperature between the core of the […]


Wind Power

August 22nd, 2011

Wind power, as an alternative to fossil fuels, is plentiful, renewable, widely distributed, clean, and produces no greenhouse gas emissions during operation. A large wind farm may consist of several hundred individual wind turbines which are connected to the electric power transmission network. The construction of wind farms is not universally welcomed because of their […]

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