Nigerian Government should dialogue with Niger Delta militants now – Efe Egube
By AYO ONIKOYI
Managing Director of Quevedo International Limited, a wholly Nigerian owned company involved in marine and offshore operations support services in the upstream sector of Nigeria’s oil and gas industry, Mr Efe Egube has advised the federal government to dialogue with militant to stop the menace of pipeline bombings which has continued to have multiplier effects on the country and lives of the common man.
Speaking at a recent parley with pressman, Egube highlighted how the activities of the militants have affected his business in particular and the economy of the country in general.
“The current economic situation has in several ways negatively impacted on most businesses as well as economic development in the country ranging from;Increase in running cost, reduced income, decline in purchasing power, reduced demand for services and difficulties in balancing international payments due to high exchange rate.
“The federal government claims pipeline destruction by the Niger Delta militants has affected power supply, hence it has increased running cost and the increasing cost of fuel has also affected running cost, making my services expensive, thereby reducing the influx of my clients
“Secondly, the Niger Delta agitations has led to reduced source of earnings to the government, thereby affecting foreign exchange earnings to CBN with a negative multiplier effect to all other traders who import into the country”,he said.
In view of the dire situation and the resulting hardship being experienced across the country, Efe proffered that the only way out is for the government to sit at a roundtable with the militants to address their grievances.
“Government should dialogue with the militants using the right mediation process and persons with personable character and integrity, including the parent companies operating in Niger Delta,” Egube advised.
Speaking further, Egube reiterated what government must do to beat the prevailing economic doldrums stifling the fortunes of the country.
“One major way out of the current economic situation is diversification. The government should put in more effort in working towards diversifying the economy swiftly” ” said Egube matter-of-fact.
“The country can’t depend solely on oil as we are currently doing; there are various sectors in which the government as well as opportune individuals can invest in
“For example agriculture. Agriculture is such a vast industry the nation can invest in and the benefits cannot be over emphasized.
“The government needs to create avenues where subsistence farmers who already understand the business can be empowered enough to develop into commercial farmers
“This doesn’t only reduce importation of food but also guarantees access to healthy organic food as well as creating revenue for the country
“Also the power sector needs to be worked on, the failed power sector has immensely affected businesses in the country up to the extent of businesses shutting down.
“The solution to this epileptic power supply problem in Nigeria is for the government to have a concrete blueprint of privatization for the private sector to fully run the power industry as an enterprise for efficiency and pay tax to the government. An alternative source of power should be one of the government’s next investments,” he added.
Mr Efe Egube holds two Masters Degrees: Masters in Business Administration (MBA) and Masters in International Law and Diplomacy (MILD), from University of Lagos and Delta State University Abraka respectively, having initially held a Bachelor of Science Degree in Political Science from Delta State University, Abraka. He has a significant experience in the Engineering, Oil and Gas and Finance industry. This experience was acquired in very strong institutions that include: Hensmor Petroleum, Equitorial Trust Bank Limited, Universal Trust Bank Plc and Oceanic Bank International Plc as a manager with focus on the downstream sector.