Showing posts with label Honore de Balzac. Show all posts
Showing posts with label Honore de Balzac. Show all posts

Friday, November 8, 2024

Fuel Fiasco As Metaphor For Governance

 By Dele Sobowale

If they go about solving the problem this way, how many more problems will they have created by the time they are through” -James Baldwin, 1924-1987, VANGUARD BOOK OF QUOTATIONS, VBQ, p201, available online.

By any objective measure known to adults globally, what we have on our hands with regard to fuel problem is a fiasco. You cannot ask any of those in control of our fate in this regard a straight question and receive a reliable answer. Two Presidents, the Minister of Petroleum, the Minister of State for Petroleum, the Minister of Finance, the Central Bank of Nigeria, CBN, the Debt Management Office, DMO, the Group Managing Director of the Nigerian National Petroleum Company Limited, Alhaji Aliko Dangote, all the regulatory commissions and agencies of government. The conspiracy of falsehood started since the Dangote Refinery was nearing, but still far from, completion in March 2023.

Wednesday, September 18, 2024

Dangote Refinery Is Here; Why Are We Unhappy?

 By Dele Sobowale

“I am beginning to wonder how many fools it takes to make the term ‘My Fellow Citizens’” -Honore de Balzac, 1799-1850, in LOST ILLUSIONS

You were probably one of those who eagerly awaited the completion of the Dangote Refinery while labouring under the illusion that it will crash the price of fuel nationwide. Welcome to the unpleasant reality. Underlying that self-deception was the un-stated but implied assumption that Alhaji Dangote was embarking on a venture designed to free Nigeria from fuel importation. Well, “when you assume, you make an ass of you and me.”

Gullible Nigerians, especially many media commentators, had committed the blunder of forgetting that Dangote is a businessman caught in a global race for position among the world’s richest people. He went into refinery primarily to make as much money as he can; and stopping fuel importation is a distant second objective – except that securing a monopoly of the domestic fuel supply would help achieve the ambition.