THE EFFECT OF PIPELINE VITALIZATION IN NIGERIA: PROBLEM AND SOLUTION


THE EFFECT OF PIPELINE VITALIZATION IN NIGERIA: PROBLEM AND SOLUTION

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CHAPTER ONE
INTRODUCTION

1.1 BACKGROUND OF THE STUDY
Over the past 20 years, natural gas has been the world’s fastest growing fuel source and for the next 25 years its demand is expected to grow steadily. Growth in consumption occurs in most countries but is concentrated in countries not belonging to the Organization for Economic Cooperation and Development (OECD). In these countries, demand increases nearly three times as fast as in OECD countries. (EIA, Sep. 2011). The natural gas industry has certain characteristics that call for heavy infrastructure and in turn natural monopolistic features. These characteristics lead to a regulated market structure in which competitive market dynamics play no role in price setting. It was not until the 1980s, when the US decided to deregulate its gas industry, that competition was first introduced into the gas market. The United Kingdom followed suit in the 1990s. Competitive gas markets developed in both countries with the price being set as a function of traded markets. These two countries, however, remain the exceptions. With competition largely absent from the rest of the world, the continental Europe and Asian markets remain fragmented on a national and regional basis. Some attempt has been made to promote a liberalization agenda; this has brought about little change and introduced into the gas market a very limited form of competition. Pipeline vitalization

Besides the period of colonial servitude, modern Nigerian political history began on the 1st of January 1914 with the amalgamation of the Northern and Southern protectorates (Akindele and Uwazomba, forthcoming). The fragility of the nation’s take-off, as the historical antecedent, created Nigeria’s socio-economic, cultural and political woes. Since then, the situation of Nigeria and Nigerians has largely remained that of a “fowl” and the “rope” which is always tension ridden (Ibid). In other words, the Nigerian historical developments are better explained by the adage that says “when a fowl perches on the rope, it and the rope automatically become unsettled” (Ibid). This largely remains so till this moment in Nigeria’s history as the various events portend particularly in the Niger Delta region. Pipeline vitalization

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