The aim of management in any organized type of authorities is to have an order for the harnessing of all assets for the profit and welfare of the citizenry. Management comes with duties to the followers; duties to have and pursue a imaginative and prescient that ensures the peace and prosperity of the nation.

ibe kachikwu it’s of nice profit for a nation to be blessed with pure assets, it is vital for nations to develop and make the most of her human assets which is the truth is an important useful resource.

Whereas Nigeria is privileged to own a pure useful resource – oil, one can not appropriately describe Nigeria as blessed. When put next with different nations who possess this similar pure useful resource, Nigeria falls wanting expectations. Since oil was first found in Oloibiri in 1956, Nigeria has generated billions of of income that has neither remodeled her infrastructure, nor prospered her residents or diversified her economic system. Analysts at Normal Financial institution estimate that Nigeria has earned over $1.6 trillion within the final 50 years.

The United Arab Emirates (UAE) comprising Dubai, Abu Dhabi and different emirates is a basic instance of a nation that has effectively and successfully utilized her oil wealth to remodel her infrastructure, prosper her residents and diversify her economic system. This was achieved by an unselfish management that possesses love, imaginative and prescient and a need and capability for excellence, qualities Nigerian rulers’ lack.

A nation’s dependence on a single supply of earnings is as unsafe as it’s silly. It’s much more silly when such a supply is one that can’t be managed or assured by the nation. In 2011 on the opening of the 29th Annual Worldwide Convention and Exhibition of the Nigerian Affiliation of Petroleum Explorationists which held in Lagos, geologists and different oil sector stakeholders warned that Nigeria’s oil reserves could also be utterly depleted by 2050. Maybe this reality is what makes current leaders loosen up that they may have amassed greater than sufficient wealth by then. What occurs to our nation publish 2050?

Whereas different nations are striving to diversify their economies, Nigeria stays plundering her oil wealth with none concerted effort to maintain and increase her sources of income. Western nations (particularly the USA) are spending billions on analysis to develop different sources of vitality to scale back dependence on oil – the mainstay of our economic system and we’re doing nothing to ensure our survival. Since 2008, the US has virtually doubled vitality technology from renewable sources. The Obama administration has at all times accorded precedence standing to scrub and renewable vitality. The USA Division of Power obtained $35 billion for clear expertise and vitality effectivity funding in a 2009 financial stimulus measure. Since then, they’ve obtained funds in billions of yearly to assist analysis to enhance vitality effectivity, biofuel, different gas automobiles, and so on. The Obama administration believes that supporting analysis for different, renewable and inexperienced vitality will result in a breakthrough in coming years to ensure vitality independence and chart a brand new course of financial prosperity.

The brand new problem is whether or not our oil shall be as invaluable because it was previously and even as is right now within the coming years. Lower within the worth of oil is a sign of a lower in worth and demand. We’re all witness to the free fall of the worth of the naira arising from the autumn of worldwide worth of crude oil.

Mohammed bin Rashid Al Maktoum in his e book titled “My Imaginative and prescient: Challenges In The Race For Excellence” acknowledged – “Our distinctive expertise within the UAE is an effective instance of what may be finished when God blesses a rustic with an unselfish management that strives for the nice of its folks and never its personal. Good management places the pursuits of the neighborhood as an entire earlier than these of any particular group”.

Nigerian youths of at this time should rise as much as the problem of being the unselfish management that may try to carry Nigeria out of the doldrums. Previous and current leaders have by their kleptomania and profligacy created issues that the youths will proceed to bear the brunt of if they don’t take up the saddle.

 

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