Guest Columnist

Professor Omowumi O. IledarePreamble:The cyclical movement of crude oil prices, characterized by periodic falls, stabilizations, and rises, continues to significantly impact economies worldwide. For nations like Nigeria that heavily…
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OMOWUMI O. ILEDARE, PhD,Preamble:In 2015, I criticised the politically charged Board of the Nigerian National Petroleum Corporation (NNPC) appointed by President Muhammad Buhari, predicting inefficiency. From 2015 to 2019, the Nigerian…
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Professor Omowumi O. IledarePREAMBLERefineries process petroleum liquids, and their value is influenced by crude oil costs. Factors such as access to crude oil and proximity to markets can affect the refining net value of refineries…
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Professor Omowumi O. IledarePreambleEnergy access is a fundamental driver of economic development, social progress, and environmental sustainability. However, in many parts of Africa, millions of individuals still lack reliable access…
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By Professor Omowumi O. Iledare PREAMBLE:It is with deep admiration and heartfelt gratitude that I pen this tribute to honour an exemplary academician, a transformational leader, and my great benefactor, Professor Joseph…
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Omowumi O. Iledare, PhDPREAMBLENigeria has abundant liquid petroleum resources, estimated at thirty-seven billion barrels. This is equivalent to about fifty reserves-life years at the current extraction capacity rate of about two…
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Professor Omowumi O. IledareEnergy supply security dimensions—affordability, availability, adaptability, and affordability — are central considerations to Africa's environmental sustainability target and economic development. Energy…
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Saidu Ahmed "Price stability contributes to the well-being of the public, efficiency, sustainable economic growth, and employment..." – The Central Bank of Portugal.How did we get here? Why are prices of food, commodities, and…
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Emmanuel AfimiaNigeria has long grappled with one of its most persistent economic challenges: fuel prices. For decades, the country has faced fuel queues, petrol shortages, smuggling, partial subsidy removals, and frequent price hikes,…
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SYNOPSIS OF THE PRESENTATION BY OMOWUMI ILEDARE, PROFESSOR EMERITUS IN PETROLEUM ECONOMICS, LSU CENTER FOR ENERGY STUDIES AT THE SECOND EDITION OF THE DR DRAN FAWIBE ANNUAL LECTURE SERIES, UNIVERSITY OF IBADAN, NIGERIA, JULY 9, 2024. …
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