Should Nigeria move onto a more sustainable industry after seeing the possible outcomes in the recent oil plant attacks?
The oil industry has been one of the most established and important industries of Nigeria. Nigeria is one of the most prominent figures in the oil trade and has earned over 2.2 billion in oil exports within the last seven months. This is why when the rebels of Nigeria have begun to attack these oil rigs, Nigeria’s economy faces a huge risk. Nigerians have begun to express their dissatisfaction towards the gradually slowing economy, along with the fact that their safety is at risk with the presence of these rebel groups.
Several delegates have proposed to send in troops and carry out military intervention in the nation, while other delegates have proposed for a tightening of the current laws against corruption. The difference is the reasons why these countries are willing to spend resources on defending the Nigerians.
“Are we supposed to sit in a corner and watch them fight a losing battle?” said the delegate of Kuwait. Many countries feel that there is a need to defend against rebels in order to safeguard the oil industry and prevent these rebels from carrying out attacks that would potentially lead to the Nigerians being harmed in the process. This is because their own industries, as well as other international industries, are being affected in the process. Should the oil industry of Nigeria decrease, countries internationally would, as a result, receive fewer oil imports, affecting their own economies.
However, these attacks are not necessarily only harmful to Nigeria. This is because it has encouraged Nigeria to seek a more environmentally friendly industry to sustain its economy. The delegate of Equatorial Guinea stated that “ Nigeria may not have other options which are as stable or profitable. Oil should be allowed to continue in the short term until stable alternatives can be established.”
Oil is unarguably one of the most lucrative and stable economies, especially for a country like Nigeria. However, several countries in the council have expressed their willingness to help Nigeria seek more environmentally friendly industries to sustain Nigeria’s economy. The delegates of Germany have expressed their willingness to cooperate with Nigeria by providing funds for them to potentially invest in hydropower. Along with countries such as Belgium, Germany believes that moving to renewable sources of energy would benefit Nigeria in the long-term. Germany further elaborated that there would also be a lower incentive for rebels to attack oil plants and that fewer people would be affected by these attacks. “This solution would have to be further discussed by the council, but it is an ideal situation for everyone who is involved,” the delegate of Germany mentioned.
Currently, oil spills in Nigeria have affected a large number of people, especially Nigerians. Not only do these oil spills detrimentally impact Nigeria’s environment, but the Nigerian government would also have to spend anywhere between 2.4 billion dollars to 9.4 billion dollars. Oil spills are also “significant threat to employees and companies” as mentioned by the delegate of Belgium. This further imposes a risk to Nigeria’s economy, therefore affecting Nigerians as a result.
“This delegate is appalled that this problem has not been solved till now,” said the delegate of Peru. After an intense debate between the delegates of UNSC(United Nations Security Council), countries have slowly separated due to their differences in aims of how the economy of Nigeria should develop. In order to protect Nigeria’s economy and its citizens, it needs to diversify its economy and start to seek more sustainable and safe methods instead of solely relying on the current oil industry.
The oil industry has been one of the most established and important industries of Nigeria. Nigeria is one of the most prominent figures in the oil trade and has earned over 2.2 billion in oil exports within the last seven months. This is why when the rebels of Nigeria have begun to attack these oil rigs, Nigeria’s economy faces a huge risk. Nigerians have begun to express their dissatisfaction towards the gradually slowing economy, along with the fact that their safety is at risk with the presence of these rebel groups.
Several delegates have proposed to send in troops and carry out military intervention in the nation, while other delegates have proposed for a tightening of the current laws against corruption. The difference is the reasons why these countries are willing to spend resources on defending the Nigerians.
“Are we supposed to sit in a corner and watch them fight a losing battle?” said the delegate of Kuwait. Many countries feel that there is a need to defend against rebels in order to safeguard the oil industry and prevent these rebels from carrying out attacks that would potentially lead to the Nigerians being harmed in the process. This is because their own industries, as well as other international industries, are being affected in the process. Should the oil industry of Nigeria decrease, countries internationally would, as a result, receive fewer oil imports, affecting their own economies.
However, these attacks are not necessarily only harmful to Nigeria. This is because it has encouraged Nigeria to seek a more environmentally friendly industry to sustain its economy. The delegate of Equatorial Guinea stated that “ Nigeria may not have other options which are as stable or profitable. Oil should be allowed to continue in the short term until stable alternatives can be established.”
Oil is unarguably one of the most lucrative and stable economies, especially for a country like Nigeria. However, several countries in the council have expressed their willingness to help Nigeria seek more environmentally friendly industries to sustain Nigeria’s economy. The delegates of Germany have expressed their willingness to cooperate with Nigeria by providing funds for them to potentially invest in hydropower. Along with countries such as Belgium, Germany believes that moving to renewable sources of energy would benefit Nigeria in the long-term. Germany further elaborated that there would also be a lower incentive for rebels to attack oil plants and that fewer people would be affected by these attacks. “This solution would have to be further discussed by the council, but it is an ideal situation for everyone who is involved,” the delegate of Germany mentioned.
Currently, oil spills in Nigeria have affected a large number of people, especially Nigerians. Not only do these oil spills detrimentally impact Nigeria’s environment, but the Nigerian government would also have to spend anywhere between 2.4 billion dollars to 9.4 billion dollars. Oil spills are also “significant threat to employees and companies” as mentioned by the delegate of Belgium. This further imposes a risk to Nigeria’s economy, therefore affecting Nigerians as a result.
“This delegate is appalled that this problem has not been solved till now,” said the delegate of Peru. After an intense debate between the delegates of UNSC(United Nations Security Council), countries have slowly separated due to their differences in aims of how the economy of Nigeria should develop. In order to protect Nigeria’s economy and its citizens, it needs to diversify its economy and start to seek more sustainable and safe methods instead of solely relying on the current oil industry.
Comments
Post a Comment