Feature/OPED
Oil is Owned by Niger Delta, not Nigeria
By Michael Owhoko, PhD
For the record and for posterity, it is imperative to state that oil found in the Niger Delta region belongs to the people of the area. It is not owned by Nigeria. God provided every habitat with natural resources, including agricultural crops for subsistence. Oil, among others, is one of the natural deposits God provided for the Niger Delta people for existence.
The region had existed before Nigeria was created, and the oil was never part of sovereignty it ceded to bring about the country. This explains why other regions in the country have control over natural resources in their domain.
Therefore, it is morally wrong for the government to single out the most valuable resource of a particular region for confiscation while leaving other regions to enjoy their resources exclusively. That the Federal Government has oppressively expropriated the oil in the Niger Delta region by transferring ownership to itself and using the law to legitimize the process, does not make it morally right.
The obnoxious Petroleum Act of 1966 which now forms part of Section 44(3) of the 1999 Constitution was used to legitimize this illegality. It confers on the Federal Government, ownership and control of all petroleum resources found in, under or upon all land or waters in the country.
However, this is at variance with practices in advanced democracies where host communities, states or regions own the resources and pay taxes and royalties to the government.
In law, whoever owns the land, owns the resources therein, and this principle is supported by the Ad Coelum Doctrine. Why single out petroleum resources in a particular region for acquisition? If the intention of the government was sincere, the law should have been extended to cover all natural resources, including food and cash crops across the country.
The Niger Delta people believe strongly in their soul, spirit and body, that the oil belongs to them but that the federal government has unjustly used its might to seize it because of their helpless polyethnic minority condition. It is most likely this could not have happened in a monolithic majority group in the country for fear of resistance.
Depriving the Niger Delta region of its oil while leaving other regions or communities to exploit natural resources found in their areas, amounts to injustice.
Zamfara and Osun States, for example, are currently enjoying the benefits of gold mining, just as other states or regions in the country are reaping from their agricultural crops.
Yet, the Niger Delta people are not only deprived of their oil resources, but they also bear the brunt of oil exploration, including the destruction of their ecosystem. Fish, crops, weather, water and other organisms in the region suffer pollution and contamination. Oil has brought misery to the people to the extent that even basic agricultural and fishery activities which provide succour for the people are no longer generative, due to environmental degradation.
When you complain, those whose only contribution to the economy is their population are quick to remind you that the region is already enjoying 13 per cent derivation proceeds, in addition to input from intervention agencies like the Niger Delta Development Commission (NDDC) and Ministry of Niger Delta Affairs, thus, does not deserve further support. This is population-induced arrogance.
When groundnut, cocoa and palm produce were Nigeria’s economic mainstay, the parts of the country where these produces were derived, namely, the North, West and East separately received 50 per cent of the revenue in line with the derivation principle as contained in the 1963 Constitution.
Why then is the government reluctant to raise the derivation revenue that should accrue to the Niger Delta region to 50 per cent when the 1999 Constitution has given a window for upward review. The 13 per cent derivation principles as contained in Section 162, Sub-section 2 of the 1999 Constitution (as amended) is intended to adequately compensate the people of the region for confiscation and damages arising from oil exploration and production.
While the region is still contending for an upward review of the 13 per cent, about 59 Northern lawmakers in the House of Representatives lately had vexatiously pushed for a bill to expunge the derivation principle under the 1999 Constitution.
Obviously, the intention of the 59 legislators is to deny the Niger Delta region of the 13 per cent derivation revenue to enable redistribution of the proceeds to shore up revenues in their region. This motive is not only thoughtless and heartless, it smacks of parliamentary hypocrisy and insincerity, capable of plunging the region into a pointless crisis that could worsen the country’s economic woes.
Are these lawmakers bereft of ideas that can shore up revenue pots in the northern states or they are just being mischievous?
Rather than channel and expend energy on how natural resources that are spread across the northern states can be explored and harnessed for the growth of the region, they are ridiculing the legislature and exposing the limit of their intellectual capacity for good governance.
It was these same northern legislators that contributed to the delay in the passage of the Petroleum Industry Bill (PIB) over their insistence that allocation to host communities from oil companies operating expenditure must be reduced from 10 to 3 per cent. They had opposed the initial 10 per cent as recommended in the original draft. The PIB was eventually passed into law on August 16, 2021.
Now, they have not only succeeded in this overbearing trajectory; they have introduced a 30 per cent frontier exploration fund in the Petroleum Industry Act (PIA) despite previous records of unsuccessful geophysical exploration efforts, including seismic surveying, by international oil companies (IOCs) in the region.
Is there any exploration magic they expect the Nigerian Petroleum Development Company (NPDC), a subsidiary of Nigerian National Petroleum Corporation (NNPC) to perform in a place where the IOCs could not find oil in commercial quantity?
It is a clear demonstration of the pursuit of sectional interests aimed at commuting the exploration fund into an advantage for the North.
In what way has the Niger Delta region offended the Nigerian state and their leaders? Why the show of zero tolerance for development and comfort in the region? Projects meant for development in the area are not only sometimes diverted and moved to other regions, even statutory privileges are occasionally aborted.
For example, former President Olusegun Obasanjo relocated the West Niger Delta LNG, Escravos to Olokola in Ogun State and changed the name to OK LNG. Protest by the Delta State House of Assembly that the LNG be returned to Escravos, Delta State, was rebuffed by the government.
Former late President Musa Yar’Adua attempted to relocate the Federal University of Petroleum Resources, Effurun to Kaduna until he was pressured to halt the plan by Niger Delta governors. Rather than establish one in Kaduna, he preferred to strip the region of the university.
The proposed Oil and Gas Industrial Park designed for fertilizer, methanol, petrochemicals, and aluminium plants earmarked for Ogidigben, Delta State, has been abandoned by the Federal Government. It is hoped there are no plans to move it outside the region.
The Petroleum Equalisation Fund (PEF) which was established to administer uniform fuel prices across the country has consistently failed to extend coverage to the riverine oil communities in Niger Delta in their network, causing fuel to sell above pump price in these areas.
The unending construction of the East-West Road stretching from Effurun, Delta State to Calabar, Cross River State has lasted over 16 years with no hope in sight on a completion date.
It is imperative to calm frayed nerves in the Niger Delta by sincerely compensating the people through measures earnestly designed to develop the area for their oil that has been commandeered by the Federal Government
The template used in developing Abuja can be adopted. Direct the IOCs and the indigenous oil companies to relocate their headquarters to Niger Delta, just as ministries, departments and agencies of government (MDAs) moved to Abuja. This will accelerate the development of the region.
Also, just as NNPC has directed oil companies to make annual budget provisions for funding of rehabilitation of schools, houses, roads, hospitals and other infrastructure destroyed by terrorists in Borno State and other parts of the North East Region, similar measures can be extended to oil communities whose properties have been impacted by seismic blasting and corrosion arising from activities of oil exploration.
This way, enduring peace can be achieved in the Niger Delta region, rather than see it as a conquered territory whose oil has been taken over as spoils of persecution.
Dr Mike Owhoko, journalist and author, is the publisher of Media Issues, an online newspaper based in Lagos.
Feature/OPED
Nigeria’s Olodo Uprising: An Assault on Critical Thinking
By Prince Charles Dickson, PhD
A sheep was passing and saw a lion crying inside a cage, trapped and helpless. The lion begged the sheep to rescue him, promising not to kill or eat it. The sheep refused at first, knowing fully well that a lion does not become a vegetarian because of captivity. But after much persuasion, emotional blackmail, and the sheep’s own gullibility, it opened the cage.
Now the lion was very hungry, having stayed in the cage for days without food. It quickly pounced on the sheep and was about to kill and eat it, but the sheep reminded him of his promise.
They were still arguing when other animals came passing. They sought to know what had happened. Both the lion and the sheep narrated their sides of the story, but because of fear, convenience, and a desperate need to gain favour in the lion’s eyes, all the animals took sides with the lion, except the tortoise, who claimed not to understand the whole scenario.
The tortoise asked the lion to show them where exactly he was before the sheep rescued him. The lion pointed at the cage.
The tortoise asked again, “Were you inside or outside when the sheep arrived?”
The lion replied, “I was inside.”
The tortoise then said, “Okay, enter and let us see how difficult it could be inside, because I am not getting the whole scenario.”
The lion entered, and immediately, the tortoise locked the cage. The lion was trapped again.
That story is not just folklore. It is a national diagnosis.
Nigeria today is full of trapped lions, gullible sheep, frightened animals, and very few tortoises. We have many people with opinions, but few with discernment. Many with certificates, but few with comprehension. Many with titles, but few with thought. Many who can quote policy, scripture, law, and ideology, but cannot ask the simple question that prevents disaster: “Wait first, how did we get here?”
That question is the beginning of critical thinking. Sadly, it is becoming an endangered species.
The easiest and most attractive national pastime remains buck-passing, especially with the bunch of leaders we have, some of whom can hardly peel a banana or wash an already white handkerchief. Not many of us want to take responsibility for anything, from personal life to family life, from community life to national life. The blame is always on the system, as if the system descended from the sky and imposed itself on innocent citizens.
We do not need to create demons out of our leaders because, in too many instances, they have behaved like ready-made specimens of public demons. So, we hang our sins on them, sometimes appropriately, sometimes lazily. Unfortunately, their behaviour has made it easy for the critics to descend on them. They shout loudly, lie casually, perform empathy only when cameras are present, and govern as though the people are background noise in their private banquet.
But there is a deeper tragedy. The lion is not our only problem. The sheep, too, must be examined. The other animals must be questioned. Even the silence of the forest must stand trial.
This is where the Olodo Syndrome enters.
In Nigerian street language, “Olodo” is often used to describe a dull person, someone slow to understand, someone who fails where basic reasoning should have saved them. But in this essay, Olodo is not merely the person who did not go to school. No. Nigeria has produced a more sophisticated creature: the educated olodo. The certificated illiterate. The graduate who cannot reason beyond slogans. The public officer who mistakes grammar for intelligence. The citizen who forwards nonsense with confidence. The analyst who mistakes noise for insight. The leader who confuses movement with progress. The voter who sells tomorrow for rice today, then spends four years complaining that the pot is empty.
Olodo, therefore, is not the absence of schooling. It is the failure of judgment.
It is what happens when a nation rewards mediocrity and punishes thought. It is what happens when people who ask serious questions are labelled troublesome, while those who clap for madness are called loyal. It is what happens when dumb, crazy things move the needle, while wisdom is treated like an old man coughing in the corner. It is what happens when unintelligent people do not merely exist, but are celebrated, promoted, defended, and installed as gatekeepers over those who still dare to think.
This is Nigeria’s Olodo Uprising.
It is an uprising not of the poor against the rich, nor of the uneducated against the educated. It is an uprising of shallow thinking against depth. An assault on memory, logic, accountability, and consequence. It is the national habit of refusing to connect action to outcome. We open the cage, release the lion, and then begin a prayer meeting when the lion remembers its appetite.
We talk, write, and discuss the Nigerian myth with a sense of fatalism. “This is Nigeria,” we say, as if that phrase is both an explanation and an excuse. If everyone thought as much about justice and fairness, life would be better. I am a critic, yes, but I am also a critic’s critic. I remain an unrepentant believer that one of the ways to keep the government on its toes is to keep harping on its flaws so that it can improve. But criticism without self-examination becomes entertainment. It becomes pepper soup politics, the kind we enjoy at drinking joints, suya spots, WhatsApp groups, and television studios where every table has a parliament and every loud voice is mistaken for a constitution.
Often, I say I believe the things I write are important for our nation, as they are for other nations. But when it appears to me that Nigerians, especially those in authority, do not react to these issues as people in other lands do, I repeat them in new essays to remind old readers and recruit new ones to participate in the continuing dialogue.
Because repetition, sometimes, is not a lack of creativity. It is the burden of memory in a country addicted to forgetting.
Sadly, this is Nigeria, where nothing works, and no one cares. When it works, it is often because someone’s interest is about to be served or is already being served, not because the people’s interest has suddenly become sacred. We talk about our institutions despairingly. Our leaders do not watch network news except when their faces will appear at their sons’ or daughters’ weddings, birthdays, burials, thanksgiving services, or self-sponsored ceremonies of public praise. They do not need newspapers anymore because too many pages are already full of their lies, paid adverts, and noisy banters dressed as governance.
A country that destroys thinking will eventually be governed by instinct.
That is why the Olodo Syndrome is dangerous. It not only makes people ignorant. It makes them confidently ignorant. It gives stupidity a microphone and asks wisdom to apply for permission to speak. It converts public debate into shouting contests. It turns leadership recruitment into ethnic arithmetic, religious panic, stomach infrastructure, and emotional blackmail. It makes citizens defend their oppressors because the oppressor speaks their language, attends their church, worships in their mosque, comes from their zone, or once gave them transport money.
This is how the other animals sided with the lion.
Not because the lion was right. They knew he was wrong. But fear is a powerful editor of truth. Hunger is a wicked lawyer. Proximity to power is a dangerous intoxicant. In Nigeria, many people do not support injustice because they are confused. They support it because they are calculating. They are asking themselves, “What if the lion remembers me tomorrow? What if I need a favour? What if I condemn him now and he becomes minister, governor, chairman, commissioner, vice chancellor, senator, president?”
So, they betray the sheep.
Government bashing remains a national pastime, and every drinking joint and suya spot has a sitting parliament with an expert on every issue. But we forget that no matter the input, if the politicians and actors on our national scene have questionable lives both at personal and domestic levels, nothing will change. The best government policy cannot change the individual when the policies themselves are formulated on a bad foundation by people with warped thinking.
A corrupt mind cannot midwife a clean system.
When a witch proclaims her presence, and an invalid does not make away, he must have money for sacrifices at home. Nigeria has been warned too many times. We have seen the witch. We have heard the announcement. Yet we remain seated, arguing about who invited her, who offended her, which village she came from, and whether her witchcraft is constitutionally recognised.
This is not merely a leadership failure. It is civic laziness. It is moral cowardice. It is intellectual surrender.
The tortoise in the story represents the rare citizen who does not join the chorus. The one who pauses the noise. The one who asks for sequence, evidence, context, motive, and consequence. The tortoise is not the loudest animal. It is not the strongest. It does not roar. It does not bleat. It thinks.
That is what Nigeria needs now: more tortoises.
Not slow people, but thoughtful people. Not cowards hiding under shells, but citizens who understand that speed without thought is national self-harm. We need people who can ask leaders: Where were you before power? What did you promise? What have you done? Who benefits? Who pays? What happens tomorrow? We need teachers who teach children to question, not merely to cram. We need voters who examine character before currency. We need religious leaders who produce conscience, not crowds. We need journalists who investigate, not decorate. We need institutions that reward competence over loyalty, substance over noise, and courage over convenience.
Because the lion will always be hungry again.
That is the part Nigeria refuses to learn. Appeasing bad leadership does not end its appetite. Excusing mediocrity does not transform it into excellence. Rewarding foolishness does not make it wise. If we allow the lion to eat the sheep today because we are afraid, hungry, tribal, religiously sentimental, or politically invested, we have not solved the hunger problem. We have only postponed our own turn.
In amazement, the other animals asked the tortoise, “why” and the tortoise replied. “If we allow him to eat the sheep today, he will still go hungry tomorrow, and we don’t know what will be eaten tomorrow—May Nigeria win.
Feature/OPED
Stocks vs Forex: Which is Better for Beginners in 2026?
By Onah Ishioma Adaeze
As a beginner, choosing between stocks and forex for your investment goals in 2026 can feel overwhelming. Before investing your hard-earned money, it is important to understand how both markets work.
While both markets present investors with opportunities to grow their wealth, they also differ in terms of volatility, liquidity, market hours, and leverage. Stocks involve owning portions of a company, while forex has to do with trading a base currency against a quote currency.
In this article, we will be going through the basics of stocks and forex, pointing out their differences, and helping you decide which asset better suits your investment journey in 2026.
What is Stock Trading?
When it comes to stock trading, you are buying shares of a company, which makes you a shareholder of that company. As a shareholder, you may be entitled to receive dividends whenever the company decides to pay dividends.
As for those companies that do not pay dividends, there are other benefits a shareholder may enjoy, like being called upon to attend shareholder meetings and having voting rights on certain company matters.
On a global scale, over $100 trillion worth of shares are traded annually. Also, the rising popularity of AI companies and technological innovations continues to drive investor participation and market growth.
If you’re an investor looking to buy and hold capital assets, then stock trading is definitely for you, as it allows for short-term, medium-term and long-term investment goals.
When you buy shares of a company and the company performs well, your shares increase in value. Another benefit of stock trading is access to index funds and ETFs.
These funds consist of companies that are grouped under an index. They are carefully selected and monitored under the fund, sparing the investor the stress of actively tracking the fund.
They can be a way of building a long-term, diversified portfolio, and some of these funds may pay dividends.
What is Forex Trading?
Forex trading has to do with buying one currency and selling another. With a pair like USD/JPY, USD is the base currency being bought against JPY, which is the quote currency.
In order to execute a trade in the forex market, you have to analyse and make predictions based on price movement, as well as pay attention to what’s going on in the global news scene.
The forex market runs twenty-four hours every weekday, with over $9 trillion traded in the market every day. Being the largest financial market in the world, there is very high liquidity.
Forex trading involves buying one currency against another, making predictions based on price movements on the forex charts. Price moves based on the activities of large institutions like hedge funds, big banks, the government, etc.
The forex market runs 24 hours a day, every weekday, with global forex turnover reaching $9 trillion per day in the BIS 2025 survey. Being the largest financial market in the world, there is very high volatility and price fluctuations.
At the same time, there is high liquidity in the market, which means that currency pairs can easily be bought and sold without hassle. Highly liquid instruments that are traded regularly include: EUR/USD, USD/JPY, GBP/USD, and gold (XAU/USD).
As a retail trader, knowing when to enter and exit the market is important. As easy as it is to make profits from price fluctuations, it is also very easy to lose money if the market moves against you. This is why it is important to set stop losses and take profits. This helps manage your trading capital.
Major Differences Between Stocks and Forex
While investing in stocks and forex can yield great capital gains, there are lots of ways in which they differ.
As a beginner, stock trading provides opportunities for long-term investments, ensuring slow but consistent returns for wealth building. But if you are looking for an active, short-term style of investment, then forex trading is for you, as it allows you to enter and exit the market within a shorter time frame.
Which is Better in 2026?
Choosing an asset to invest in all boils down to personal preference. At the same time, if you are not averse to risk, nor opposed to asset diversification, then it’s okay to invest in both.
For beginner investors in 2026, stock trading is easier to understand and get into, especially because of mutual funds, index funds and ETFs. With those funds, you don’t have to be an expert to start investing. You can just buy a fund that suits your needs and hold it over a long period of time.
If you are an investor who enjoys technical analysis, highly volatile and liquid markets, as well as trading under short time frames, then forex trading is the right pick for you.
Conclusion
You do not need to put all your eggs in one basket. There are investors who invest in both stocks and forex simultaneously. When starting out, you can start investing in stocks while learning forex. Take calculated risks and do not invest above your means. Diversify your investments and remember, when starting out, you should prioritise acquiring knowledge over profits.
Onah Ishioma Adaeze is a finance writer who is passionate about simplifying complex concepts into easily digestible pieces. Her hobbies are reading and watching anime
Feature/OPED
Building 234 Solutions: A Response to Everyday Workforce Challenges
By Owoloye Emmanuel
Every business starts with a problem. For us, that problem was hiding in plain sight.
Across organisations, we kept seeing HR professionals, payroll teams, and business leaders spend significant time navigating processes that should be simpler. Employee records sat across multiple systems, payroll processes required manual intervention, and routine workforce tasks often became more complicated than they needed to be.
As businesses grow, workforce operations naturally become more complex. Yet many organisations still rely on disconnected tools and workflows that create unnecessary friction for both employers and employees.
The consequence is more than operational inefficiency. HR teams spend valuable time managing systems instead of supporting people. Business leaders struggle to access timely workforce insights, while employees experience delays in processes that should be seamless.
These weren’t isolated challenges. They were recurring realities across workplaces, regardless of industry or size.
That observation led us to a simple question: what if workforce management could be easier?
What if HR, payroll, and workforce operations could work together within a single, connected experience?
That question became the foundation for 234 Solutions.
We are building 234 Solutions with a clear belief that workplace technology should reduce complexity, not add to it. Our goal is to help organisations spend less time navigating processes and more time focusing on productivity, growth, and people.
As we prepare for launch, our focus remains simple: building practical solutions for real workplace challenges and helping organisations create better experiences for the people who power them every day.
Owoloye Emmanuel is the founder of 234 Solutions
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn


