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For An Igbo President

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While accepting the surrender of Col. Emeka Odumegwu-Ojukwu’s collapsed Biafran Republic on January 15, 1970, the then military Head of State, General Yakubu Gowon, was said to have declared a ‘no victor, no vanquished’ end to the 30-month senseless hostilities. Surely, nothing could have served to better reassure a beleaguered Lt. Col. Phillip Effiong and the remainder of his rag-tag secessionist army.
Gowon’s post-war cabinet had comprised a number of Igbo personalities as did subsequent federal executive councils up till the military handover of power to an elected civilian government in 1979. Even when the lid was lifted on political activities, beginning with the experimental local council polls in 1976, there was no indication that Igbo people were deliberately hindered from contesting for the highest office in the land.
If my memory still serves me, the party presidential candidates at that time were Alhaji Shehu Shagari for the National Party of Nigeria (NPN); Chief Obafemi Awolowo for the Unity Party of Nigeria (UPN); Dr Nnamdi Azikiwe for the Nigeria Peoples Party (NPP); Mallam Aminu Kano for the Peoples Redemption Party (PRP); and Alhaji Waziri Ibrahim for the Great Nigeria Peoples Party (GNPP). I can also recall that Dr Alex Ekwueme, Dr K O Mbadiwe and Dr J O J Okezie slugged it out in the vice presidential primaries of the NPN; Awolowo literally hand-picked Chief Phillip Umeadi as his running mate; while GNPP’s Ibrahim shared his ticket with Dr B U Nzeribe – all from Igboland.
Shagari and Ekwueme did emerge victorious at the 1979 presidential poll and went ahead to rule the country for a little over four years before being ousted in a military coup. During their tenure, if any ugly fate had befallen Alhaji Shehu by way of resignation, impeachment, health incapacitation or even death, an Igbo man would have been constitutionally sworn in as Nigeria’s president as early as just a decade after the civil war. Or has this possibility not crossed the minds of those who claim that Igbo people are being denied the presidency?
Even though the clamour for a president of Igbo extraction had long been out there, I think it may have been shifted into the present overdrive after Dr Goodluck Jonathan from a minority tribe became president. I say so because generally, there seems to be this conception of a political pecking order where the three major ethnic groups in the country must first have their turns before any of the minority tribes is invited to the table.
But truth be told, the Nigerian nation has not been fair to the South East geo-political zone, particularly in terms of states creation. How can it be explained that of the six such zones in the country, only the South East has five states while the others have six each and the North West, seven? Here, the usual excuse of non-viability holds no water as only few states in the federation can be considered viable in the real sense of the word. The issue of population will not also suffice as the zone is already densely populated. Equally griping is the fact that late Dr Ekwueme, an Igbo, was among those who first nurtured the idea of splitting the country into such zones for equity sake and creation of better sense of belonging. Why then should his zone be the very one to be so short-changed?
Back to the jostling for who occupies the Aso Rock Villa, the Igbos certainly have a lot of work to do. This is regardless of the outcome of the 2023 polls. Like the Yorubas of Nigeria’s South West, they must learn to float and wholly support a big political party of their own rather than always dispatch some of their elites to hold nocturnal consultations with the Arewa leadership as to gauge the core north’s inclination during party formation seasons.
Aside the NCNC in the First Republic and perhaps the NPP which Dr Azikiwe was said to have hijacked from Alhaji Waziri in the Second Republic, the Igbos have not presented a formidable political party with which to run for elective offices in the country. Again, they hardly play the opposition when not successful at the polls. For instance, NPP’s accord with the NPN in 1979 fell apart even before the next general elections in 1983 with most of its ministers and advisers refusing to relinquish their positions in the Shagari cabinet – something that would be inconceivable in Awolowo’s UPN or any other serious Yoruba party for that matter!
Where they are unable to form their own strong party, Ndigbo can at least mold and roll themselves into any of the existing ones through a solid political association or movement while still retaining its structure for a possible future realignment. This is against the present scenario where they join parties individually. Not long ago, an ex-governor from the zone even crossed from a relatively small party to a major one without bothering to carry along the whole of his former party or any part thereof.
Even when forced into opposition in the present dispensation, the South East governors of PDP and APGA have not appeared as critical of the ruling APC as the late Imo State Governor, Chief Sam Mbakwe, was of the Shagari administration in the Second Republic. Frankly, if they have been raising their voices enough against Abuja, the secessionist IPOB leader, Nnamdi Kanu, may not have attracted the kind of cult followership he currently enjoys in the zone.
Thank God there is also this growing, if belated, realisation among the Igbo elite that rather than sit and wish for party presidential tickets to be ceded to their zone in 2023, they had better start working for it by building bridges across ethnic and political divides. Already, some prominent and outspoken politicians from the other zones are beginning to consider the idea. All the South East needs to do at this point is push harder and try to avoid any further vitriolic while seeking ways to douse the prevailing separatist agitation in the region.
Of course, Igbos are widely acknowledged as a very ingenious, enterprising and mostly successful people in their chosen endeavours; hence they are regarded as the Jews of Africa. With all this, who said the messianic president Nigeria desperately desires cannot hail from anywhere in a zone that also comprises Abia as God’s Own State? I rest my case.

By: Ibelema Jumbo

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Renewable Energy Faces Looming Workforce Crisis

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Despite a discouraging political climate and unprecedented uncertainty in the United States clean energy sector, low costs of wind and solar energy continue to drive growth of the domestic clean energy sector.
However, while market forces continue to support the expansion of renewable energy capacity, the sector faces critical challenges extending beyond the antagonism of the Trump administration.
The continued growth of solar and wind power risks being hampered by several mitigating factors, including (but not limited to) intensifying competition over increasingly scarce suitable land plots, stressed and volatile global supply chains, lengthy and unpredictable development processes, Complex and overlapping permitting processes, and a critical talent gap.
The renewable energy labor shortage has been years in the making, but is no less closer to resolution. The issue spans both white collar and blue collar positions, and threatens to kneecap progress in the booming sector.
Between the years of 2011 and 2030, it is expected that global levels of installed wind and solar capacity will quadruple. Analysis from McKinsey & Company concludes that “this huge surge in new wind and solar installations will be almost impossible to staff with qualified development and construction employees as well as operations and maintenance workers.
“It’s unclear where these employees will come from in the future,” the McKinsey report goes on to say.
He continued that “There are too few people with specialized and relevant expertise and experience, and too many of them are departing for other companies or other industries.”
The solar and wind industries are suffering from a lack of awareness of career paths and opportunities, despite their well-established presence in domestic markets.
Emergent clean energies face an even steeper uphill battle. Geothermal energy, for example, is poised for explosive growth as one of vanishingly few carbon-free energy solutions with broad bipartisan support, but faces a severe talent gap and punishingly low levels of awareness in potential talent pools.
But while the outlook is discouraging, industry insiders argue that it’s too soon to sound the alarms. In fact, a recent report from Utility Drive contends that “solutions to the energy talent gap are hiding in plain sight.”
The article breaks down those solutions into four concrete approaches: building partnerships with educators, formulating Registered Apprenticeship pathways, updating credential requirements to reflect real-world needs, and rethinking stale recruitment strategies.
Targeting strategic alliances with educational institutions is a crucial strategy for creating a skilled workforce, particularly in emerging sectors like geothermal energy.
Businesses can, for example, partner with and sponsor programs at community colleges, creating a pipeline for the next generation of skilled workers. Apprenticeships serve a similar purpose, encouraging hands-on learning outside of the classroom. Such apprenticeships can apply to white collar positions as well as blue collar roles.
“If we can figure out a way to educate the younger generation that you can actually have a career that you can be proud of and help solve a problem the world is facing, but also work in the extractive industry, I think that could go a long way,” said Jeanine Vany, executive vice president of corporate affairs for Canadian geothermal firm Eavor, speaking about the geothermal energy talent gap.
These approaches won’t solve the talent gap overnight – especially as political developments may discourage would-be jobseekers from placing their bets on a career in the renewables sector. But they will go a long way toward mitigating the issue.
“The clean energy transition depends on a workforce that can sustain it,” reports Utility Drive. “To meet the hiring challenges, employers will benefit from looking beyond the next position to fill and working toward a strategic, industry-wide vision for attracting talent.”
By: Haley Zaremba
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Why Oil Prices Could See Significant Upside Shift

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The 9th OPEC International Seminar was held in Vienna recently, wherein participants discussed energy security, investment, climate change, and energy poverty, with a particular emphasis on balancing these competing priorities.
According to commodity analysts at Standard Chartered, the summit, titled “Charting Pathways Together: The Future of Global Energy”, featured significantly greater engagement from international oil companies and consuming country governments, with discussions converging on a more inclusive shared agenda rather than non-intersecting approaches seen in previous years.
However, StanChart reported there was a clear mismatch between what energy producers vs. market analysts think about spare production capacity.
Unlike Wall Street analysts, who frequently talk about spare capacity of 5-6 million barrels per day (mb/d), speakers from several sectors of the industry noted that spare capacity is both limited and very geographically concentrated.
StanChart believes this erroneous assumption about spare capacity has been a big drag on oil prices, and the implications for the whole forward curve of oil prices could be potentially profound once traders realize that roughly two-thirds of the capacity they thought was available on demand does not actually exist.
This makes the analysts bullish about the general shape of their forecast 2026 price trajectory (Figure 32), i.e., a set of significant upward shifts as opposed to the flat trajectory seen in the market curve and in analyst consensus.
In other words, oil prices could have as much as $15/barrel upside from current levels.
StanChart is not the only oil bull here. Goldman Sachs recently hiked its oil price forecast for H2 2025, saying the market is increasingly shifting its focus from recession fears to potential supply disruptions, low spare capacity, lower oil inventories, especially among OECD countries and production constraints by Russia.
GS has increased its Brent forecast by $5/bbl to $66/bbl, and by $6 for WTI crude to $63/bbl, slightly lower than current levels of $68.34/bbl and 66.24/bbl for Brent and WTI crude, respectively.
However, the Wall Street bank has maintained its 2026 price forecast at $56/bbl for Brent and $52 for WTI, due to “an offset between a boost from higher long-dated prices and a hit from a wider 1.7M bbl/day surplus.’’ Previously, GS had forecast a 1.5M bbl/day surplus for the coming year.
Further, Goldman sees a stronger oil price rebound beyond 2026 due to reduced spare capacity.
EU natural gas inventories have climbed at faster-than-average clip in recent times. According to Gas Infrastructure Europe (GIE) data, Europe’s gas inventories stood at 73.10 billion cubic metres (bcm) on 13 July, good for a 2.31 bcm w/w increase.
Still, the injection rate is not enough to completely fill the continent’s gas stores, with the current clip on track to take inventories to about 97.9 bcm, or 84.3% of storage capacity, at the end of the injection season.
Europe’s gas demand remains fairly lacklustre despite extremely high temperatures across much of the continent in recent weeks.
According to estimates by StanChart, EU gas demand for the first 14 days of July averaged 583 million cubic meters/day, nearly 3% lower from a year ago but a 10% improvement from the June lows.
However, StanChart is bullish on natural gas prices, saying the market is likely underestimating the likelihood of more Russian gas being taken off the markets.
Back in April, U.S. senators Lindsey Graham (Republican) and Richard Blumenthal (Democrat), introduced “Sanctioning Russia Act of 2025”, with the legislation enjoying broad bipartisan support (85 co-sponsors in the Senate out of 100 senators).
In a joint statement on 14 July, the two senators noted that President Trump’s decision to implement 100% secondary tariffs on countries that buy Russian oil and gas if a peace agreement is not reached within 50 days but pledged that they will continue to work on “bipartisan Russia sanctions legislation that would implement up to 500 percent tariffs on countries that buy Russian oil and gas”.
StanChart has predicted that the Trump administration is unlikely to take actions that risk driving oil prices higher. However, Russian gas remains in the crosshairs, with U.S. LNG likely to see a surge in demand if Russian gas exports are curtailed.
StanChart estimates that the EU’s net imports of Russian pipeline gas averaged 79.8 million cubic metres per day (mcm/d) in the first 14 days of July, with all non-transit flows into the EU coming into Bulgaria through the Turkstream pipeline, with Hungary and Slovakia also receiving Turkstream gas.
There was also a flow of about 65 mcm/d of Russian LNG in the first half of July, with Russia providing 18.6% of the EU’s net imports. StanChart has predicted that we could see a strong rally in natural gas prices if Washington slaps Moscow with fresh gas sanctions.
By: Alex Kimani
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Nuclear Stocks Soar on Stargate AI Infrastructure Announcement

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Over the past couple of years, the nuclear energy sector has enjoyed a renaissance in the U.S. and many western countries, thanks to the global energy crisis triggered by Russia’s war in Ukraine, high power demand and nuclear’s status as a low-carbon energy source.
Uranium demand has soared, thanks to a series of policy “U-turns” with governments from Japan to Germany revising plans to phase out nuclear power.
Uranium spot prices hit an all-time high of $81.32 per pound in February, double the level 12 months prior.
According to the World Nuclear Association, demand from reactors is expected to climb 28% by 2030, and nearly double by 2040. Not surprisingly, the sector’s popular benchmark, VanEck Uranium and Nuclear ETF (NYSEARCA:NLR), recently hit an all-time high.
However, last month, nuclear energy stocks started pulling back sharply, mostly because the sector was seriously overheating. One of the biggest losers was NuScale Power Corp. (NYSE:SMR), with the stock crashing nearly 30% in a matter of weeks.
The selloff kicked off after the company disclosed an agreement with several brokerage firms in which the company may offer and sell from time to time as much as $200M in common stock.
NuScale says proceeds from the sale will be used for general corporate purposes, including operating expenses, capital expenditures, R&D costs and working capital. NuScale is a developer of modular light water reactor nuclear power plants.
Small modular nuclear reactors (SMRs) are advanced nuclear reactors with power capacities that range from 50-300 MW(e) per unit, compared to 700+ MW(e) per unit for traditional nuclear power reactors.
Thankfully, nuclear stocks are on fire again after President Donald Trump on Tuesday announced a $500 billion joint venture with Oracle Corp. (NYSE:ORCL), OpenAI, and SoftBank (OTCPK:SFTBY) to build AI infrastructure in the U.S.
The companies have pledged to commit $100 billion to start, and as much as $500 billion over the next four years toward the initiative, with Trump calling it “largest AI infrastructure project in history”.
OpenAI, ChatGPT maker, said it expects the project, called Stargate, to help support American leadership in AI, and that it could create “hundreds of thousands” of jobs in the U.S. Other tech giants including Nvidia Corp. (NASDAQ:NVDA) Microsoft (NASDAQ:MSFT)) and Arm Holdings (NASDAQ:ARM) are also expected to be technology partners in the project.
NuScale stock has rocketed 1,175% over the past 12 months; Oklo Inc. (NYSE:OKLO), which is backed by OpenAI CEO Sam Altman, has surged 299%, Vistra Corp. (NYSE:VST) has soared 386% while Centrus Energy (NYSE:LEU) has jumped 73% over the timeframe.
Meanwhile, shares of Nano Nuclear Energy (NASDAQ:NNE) have jumped 1,017% since its May 2024 IPO. The shares made further gains on Thursday after the company was awarded patents related to its designs for a modular transportable nuclear generator.
Nano Nuclear is developing ZEUS, a solid core battery reactor, and ODIN, a low-pressure salt coolant reactor.
Yet another big mover is Baltimore, Maryland-based Constellation Energy Corporation (NASDAQ:CEG), a power utility that sells natural gas, energy-related products, and sustainable solutions.
CEG shares have soared 200% over the past 52 weeks. The company owns approximately 33,094 megawatts of generating capacity consisting of nuclear, wind, solar, natural gas, and hydroelectric assets.
The big nuclear rally kicked off last year after NuScale signed an agreement with Standard Power to supply the data center provider with SMRs. Standard Power–a developer of modular data centers–will use NuScale Power’s power solutions at two separate sites, where up to 12 SMRs (at each site) would be used to provide power for new data centers.
Suddenly, the market took note of SMRs as a viable solution for data centers struggling to keep up with surging power demands by artificial intelligence (AI) computing.
The International Energy Agency has projected that global data center electricity consumption will jump from 460 terawatt-hours in 2022 to 1,000 terawatt-hours in 2026.
The long-term outlook for the nuclear sector remains bullish, with nuclear power expected to meet surging AI demand and lower greenhouse gas emissions.
According to Goldman Sachs, escalating electricity needs from running AI data centers will generate downstream investment opportunities that will benefit utilities, renewable energy generation, and industrial sectors.
The investment bank has forecast that data center power demand will grow at 15% compound annual growth rate from 2023-2030, with data centers consuming 8% of total U.S. electricity output at the end of the forecast period compared to ~3% currently.
Analysts estimate that ~47 GW of additional power generation capacity will be required to meet the growth in U.S. data center power demand by 2030.
Last year, a total of 34  countries, including the U.S., pledged to increasingly deploy nuclear power to reduce reliance on fossil fuels.
According to the International Energy Agency’s (IEA) report Electricity 2024, nuclear power generation is forecast to reach an all-time high globally in 2025, exceeding the previous record set in 2021 as new reactors begin commercial operations in multiple markets, including China, India, South Korea, and Europe; output from France climbs and several plants in Japan are restarted.
Kimani writes for Oilprice.com
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