Column

The ‘Hushpuppi’ Syndrome In Nigeria

Published

4 years ago

August 11, 2021

The entire Nigerian system has been hushpuppified and we all are playing the ostrich. You want to know how? Then take a few minutes to distill this piece.
Nigerian influencer, Ramon Abbas, aka Hushpuppi was recently arrested in Dubai and taken to stand trial in the US on charges bordering on Internet fraud and money laundering. His case has become the metaphor for every wrong thing plaguing the society which is a direct reaction to our collective actions as leaders and followers in this society.
Leaders are either completely oblivious of what to do to re-engineer society for good or (where they know) prefer to look the other way and not act because they think that by their amount of loot they would be immune to the terminal disease plaguing the society which is sure to kill the society. Followers, on the other hand, are either too fearful, poor, stupid or just naive to follow through with what they are supposed to do to make society better.
Take the following few instances among the very many others highlighted below that are classical symptoms of a very gangrenous hushpuppified society:
Bank owners and bank managers send young ladies and married women to go and seek deposits at ‘all cost’, even if it meant selling their bodies to potential customers. The sad news is that after doing that, the customers will still remain the real owners of the monies, the bank owners and managers would only give these deposits to the extremely rich and powerful among us in the society as loans at the expense of building the real sector and the SMEs.
These ladies would not be able to influence the dispensing of such sums as loans to their struggling husbands, friends or relatives who are seriously in need of the monies for one form of development endeavour or another capable of improving the real sector in the society. The bank ladies would at best be promoted, in very rare cases, and some made to repeat this cycle continuously without promotions or even any real gains or value coming to the country.
Lecturers would demand sex for marks from female students and money for marks from male students and, sometimes, money and sex from female students to ‘pass’ them into the society as graduates to come and practice what they are completely unaware of, and untrained for, without bothering or considering the impact on the society.
The police will take bribes from the ‘big men’ in the society to go and arrest an accused (often innocent) without proper investigation and damn the consequences of what those actions might have on the law enforcement and the psyche of the society. They would stand on the road to collect monies from riders of commercial motorcyclists and motorists who constitute themselves as risks to other road users or who are just struggling to earn a living without considering the impacts of their actions on the society.
Pastors and imams would insist that members pay tithes, sow seeds and offerings, and often, the ‘quality’ of such offerings, is directly proportional to their levels and degrees of recognition in the church. This is done without considering the impact of their actions on the society. They even give some of these so-called ‘givers’ awards and recognition of best partners even though they are very much aware that these individuals have no real jobs but are just thieves, 419ers, dupes and Internet fraudsters stealing from innocent people in the society through their various evil schemes.
Parents do not ask but celebrate their teenage sons and daughters yet to leave secondary school, who are already spending money on expensive properties and lifestyles without asking where they got such monies. Even though they are aware that those children do not have qualifications or skills to even do any job that can pay them as little as N30,000 a month, most parents are still comfortable celebrating those children, ignoring the consequences of their action on the other children and the society.
Politicians are busy thieving, stealing, laundering and ‘eating’ public money entrusted into their care by the people, not doing anything near real development of the people and the society for the four to eight-year period they are in office. They come out eventually from office and establish some ‘evil’ pension laws for themselves that would make them continue with the stealing of the commonwealth of the people without considering the impacts of their actions on the treasury and the society.
Citizens collect paltry sums of money or wrappers and bags of rice to sell their votes and turn back to pray for God to touch the hearts of their benefactor politicians to do good for the society without understanding the consequences of their actions on the society.
University professors rig illiterates and verified Agberos into offices and every year they (as ASUU members) keep going on strike seeking for better working conditions and improvement of the university system from the same clueless people without understanding the full weight and consequences of their action on the society.
Young girls step out of their homes dressed for school and other public places without wearing bra, thus literally exposing their bodies and nipples as if to say ‘I am available, you can come and take it’. They do this rubbish and more because society has become so numb and perverted that nobody or only very few tell them how profane their dress sense is.
Nigerians only celebrate and share posts of those who expose and flaunt nudity on social media, skimming and passing by very meaningful posts without liking, sharing or commenting on them simply because there is no ‘vain value’ attached to them.
Do not even get me started on the health sector in Nigeria. The doctors, nurses, laboratory scientists, Health Maintenance Organisations, National Health Insurance Scheme, the patients and even the corporate organisations. Hmmm… let me hold my peace here for now on this
A society where politics is more profitable than industry, and where developmental discoveries and copyrights cannot guarantee one’s daily bread because of the actions and inactions of our leaders, nay dealers, is one that would remain hushpuppified for a long time.

By: Andy Akpotive

Akpotive wrote from Port Harcourt.

Column

Are the Bears Wrong About the Looming Glut in Oil?

Published

2 months ago

September 8, 2025

The Tide

The oil market is oversupplied while demand growth is slowing down. This has become the dominant assumption among oil traders over the past two years, repeatedly reinforced by analyst outlets. Assumptions, however, are often wrong, especially when not based on physical data.

The International Energy Agency’s latest monthly report, for instance, said that the world is facing a record overhang of crude oil, set to unfold in the final quarter of this year and extend into the first months of 2026.

The expected glut was attributed to lower-than-expected oil consumption in several large developing world markets, combined with rising production in both OPEC+ and elsewhere, notably in the United States, Canada, Guyana, and Brazil.

The investment banks also see a glut, as they tend to do unless there is a war breaking out somewhere.

Goldman Sachs recently forecast Brent crude would drop below $55 per barrel next year, citing a supply overhang of 1.8 million barrels daily at the end of this year, very much in tune with the IEA.

Morgan Stanley is more guarded in its forecasts but still assumes abundant supply, as does ING in most of its regular commodity market notes. But there are some exceptions.

One of these has recently been Standard Chartered, which has bucked the trend of doomsaying among oil price forecasters, noting bullish factors that other forecasters either ignore or overlook.

The other is Oxford Energy, which this week released a report taking a close look at the physical oil market. Surprisingly, for many, the physical market does not show evidence of a glut forming anytime soon.

Crude oil inventories are always a good place to start, and that is exactly where Oxford Energy starts, noting that inventories in the OECD have only gained a rather modest 4 million barrels over the first six months of the year.

This modest increase means OECD oil stocks are still substantially below the five-year average, the research outlet noted, adding that the gap with that average was 122 million barrels.

The inventory situation is similar in the United States as well, even though the benchmarks slide every Wednesday when the U.S. Energy Information Administration reports a crude inventory draw.

Over a longer period, however, inventories have trended down, suggesting demand is pretty healthy and the threat of a massive glut may well be a bit exaggerated.

So, what about inventories outside of the OECD and outside of the United States? China, notably, has been building up its oil in storage, taking advantage of discounted sanctioned Russian crude.

Earlier this year, media reports said Chinese crude oil inventories had hit a three-year high, suggesting demand growth was lagging behind refinery processing rates.

There have also been repeated warnings about slowing oil demand in the world’s largest oil importer—even when imports increase and so do processing rates at Chinese refineries.

Oxford Energy notes, however, that since China does not report inventory information, it is difficult to get an accurate number on oil stocks and estimates produced by data trackers vary too widely to offer reliable information.

Another factor to take into account when studying oil price prospects is floating storage, according to the analysts. This boomed in 2020 when lockdowns decimated demand and supply turned excessive.

After the end of the pandemic, oil in floating storage declined before rising again amid Western sanctions on Russia. Still, Oxford Energy notes, the level of oil in floating storage remains below the levels reached in 2022.

Then there is the matter of oil products. If there is too much supply around, some of it would go into storage—including expensive floating storage—but the rest would be turned into fuels and other products.

Once again, all eyes are on China, where another surprise is waiting. Per Kpler data cited by Oxford Energy, oil product exports from China have not gone higher.

They have actually gone down by 10% and remain weak. One reason for this is, of course, government quota-setting. Another, however, may well be healthy demand for fuels at home.

As the oil market awaits OPEC’s next meeting to start exiting its positions in anticipation of that glut, it may be wise to keep the physical market in mind, along with the fact that the IEA has repeatedly had to revise its own forecasts as physical world data comes in and refutes them.

More interesting, however, is this quote from a recent note from ING analysts: “The scale of the surplus through next year means it’s unlikely the group [OPEC+] will bring additional supply onto the market.

“The bigger risk is OPEC+ deciding to reinstate supply cuts, given concerns about a surplus.”

If there is a massive surplus on the way, any new cuts from OPEC+ should have a limited effect on prices, just as they did over the past two years. But maybe that massive surplus is not so certain, after all.

Column

Renewable Energy Faces Looming Workforce Crisis

Published

2 months ago

August 18, 2025

The Tide

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

Column

Is It End For Lithium’s Reign As Battery King?

Published

3 months ago

August 1, 2025

The Tide

Lithium-ion batteries power the world around us. Their prevalence in our daily life is growing steadily, to the extent that lithium-ion batteries now power a whopping 70 percent of all rechargeable devices.

From electric vehicles to smartphones to utility-scale energy storage, lithium-ion batteries are increasingly forming the building blocks of innumerable sectors.

But despite its dominance in battery technologies, there are some serious issues with lithium supply chains that make it a less-than-ideal model upon which to base our world.

Not only is extracting lithium often extremely environmentally damaging, it’s deeply intertwined with geopolitical pressure points. China controls a huge portion of global lithium supply chains, rendering markets highly vulnerable to shocks and the political will of Beijing.

China’s control is particularly strong in the case of electric vehicle batteries, thanks to a decade-long strategy to outcompete the globe.

“For over a decade, China has meticulously orchestrated a strategic ascent in the global electric vehicle (EV) batteries market, culminating in a dominance that now presents a formidable challenge to Western manufacturers,” reports EE Times.

The effect functions as “almost a moat” around Chinese battery production, buffering the sector against international competition.

The multiple downsides and risks associated with lithium and lithium-ion battery sourcing is pushing EV companies to research alternative battery models to power the electric cars of the future.

There are a litany of lithium alternatives in research and development phases, including – but not limited to – lead, nickel-cadmium, nickel-metal hydride, sodium nickel chloride, lithium metal polymer, sodium-ion, lithium-sulfur, and solid state batteries.

Solid state batteries seem to be the biggest industry darling. Solid-state batteries use a solid electrolyte as a barrier and conductor between the cathode and anode.

These batteries don’t necessarily do away with lithium, but they can eliminate the need for graphite – another critical mineral under heavy Chinese control. Plus, solid state batteries are purported to be safer, have higher energy density, and recharge faster than lithium-ion batteries.

While solid-state batteries are still in development, they’re already being tested in some applications by car companies. Mercedes and BMW claim that they are already road-testing vehicles powered by solid-state batteries, but it will likely be years before we see them in any commercial context.

Subaru is on the verge of testing solid-state batteries within its vehicles, but is already employing a smaller form of the technology to power robots within its facilities.

However, while solid-state batteries are being hailed as a sort of holy grail for battery tech, some think that the promise – and progress – of solid-state batteries is overblown.

“I think there’s a lot of noise in solid state around commercial readiness that’s maybe an exaggeration of reality”, Rivian CEO RJ Scaringe said during an interview on this week’s Plugged-In Podcast.

Sodium ion batteries are also a promising contender to overtake lithium-ion batteries in the EV sector. Sodium is 1,000 times more abundant than lithium.

“It’s widely available around the world, meaning it’s cheaper to source, and less water-intensive to extract”, stated James Quinn, the CEO of U.K.-based Faradion. “It takes 682 times more water to extract one tonne of lithium versus one tonne of sodium.That is a significant amount.”

Bloomberg projections indicate that sodium-ion could displace 272,000 tons of lithium demand as soon as 2035.

But even this does not signal the death of lithium. Lithium is simply too useful in battery-making. It’s energy-dense and performs well in cold weather, making it “indispensable for high-performance applications” according to EV World.

“The future isn’t lithium or sodium—it’s both, deployed strategically across sectors…the result is a diversified, resilient battery economy.”

By: Haley Zaremba