Global economic crisis a challenge to the entrepreneurship development of technical vocational education and training in oil and gas sector of the nigerian economy
This document discusses the impact of the global economic crisis on entrepreneurship development in technical vocational education and training for Nigeria's oil and gas sector. It notes that the crisis negatively impacted Nigeria's economy in addition to domestic issues like conflicts in the Niger Delta region. This reduced oil and gas production and constrained companies from hiring professionals trained by vocational institutions. Tables show production data for various oil companies from 2005 and global oil demand trends. The concept of entrepreneurship and its role in poverty reduction are also examined.
The Irony of Amnesty Programme: Incessant Oil Theft and Illegal Bunkering In ...inventionjournals
International Journal of Humanities and Social Science Invention (IJHSSI) is an international journal intended for professionals and researchers in all fields of Humanities and Social Science. IJHSSI publishes research articles and reviews within the whole field Humanities and Social Science, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Pipeline Vandalisation and Its Implications on Oil Host Communities of the Ni...paperpublications3
Abstract: Vandalisation of oil pipelines with its resultant effects of oil spillage, and fire explosion appears to have led to death toll. This has become a nightmare to the Nigerian government on how the menace could be curbed. This prompted the study on pipeline vandalisation and its implications on oil host communities of the Niger Delta between 2003 and 2015. Specifically, the study determined the effect of incidences of oil pipeline vandalisation and fire explosion on death tolls in the oil host communities. The theoretical thrust of the paper was the “frustration-aggression theory (FAT)” of John Dollard. Pre-formulated tables which are contemporary from oil producing and oil regulatory firms as well as other institutions in the oil industry in the Niger Delta were obtained and systematically analyzed. The study adopted 'ex-post facto' research design because of its analytical anchor on already documented events. Regression and correlation were used for data analysis. The findings revealed that the incidences of oil pipeline vandalisation and fire explosion insignificantly contributed to death tolls in the oil host communities of Niger Delta.
Keywords: Oil Pipeline Vandalism, Oil Host communities, Death Loss, Niger Delta, Community Development.
Title: Pipeline Vandalisation and Its Implications on Oil Host Communities of the Niger Delta (2003-2015)
Author: Professor Patrick L. Akpan, Ufomba, Rex Eze, Ibekwe, Christopher Chimaobi, Ufomba Akudo Judith
ISSN 2349-7807
International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)
Paper Publications
The Irony of Amnesty Programme: Incessant Oil Theft and Illegal Bunkering In ...inventionjournals
International Journal of Humanities and Social Science Invention (IJHSSI) is an international journal intended for professionals and researchers in all fields of Humanities and Social Science. IJHSSI publishes research articles and reviews within the whole field Humanities and Social Science, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Pipeline Vandalisation and Its Implications on Oil Host Communities of the Ni...paperpublications3
Abstract: Vandalisation of oil pipelines with its resultant effects of oil spillage, and fire explosion appears to have led to death toll. This has become a nightmare to the Nigerian government on how the menace could be curbed. This prompted the study on pipeline vandalisation and its implications on oil host communities of the Niger Delta between 2003 and 2015. Specifically, the study determined the effect of incidences of oil pipeline vandalisation and fire explosion on death tolls in the oil host communities. The theoretical thrust of the paper was the “frustration-aggression theory (FAT)” of John Dollard. Pre-formulated tables which are contemporary from oil producing and oil regulatory firms as well as other institutions in the oil industry in the Niger Delta were obtained and systematically analyzed. The study adopted 'ex-post facto' research design because of its analytical anchor on already documented events. Regression and correlation were used for data analysis. The findings revealed that the incidences of oil pipeline vandalisation and fire explosion insignificantly contributed to death tolls in the oil host communities of Niger Delta.
Keywords: Oil Pipeline Vandalism, Oil Host communities, Death Loss, Niger Delta, Community Development.
Title: Pipeline Vandalisation and Its Implications on Oil Host Communities of the Niger Delta (2003-2015)
Author: Professor Patrick L. Akpan, Ufomba, Rex Eze, Ibekwe, Christopher Chimaobi, Ufomba Akudo Judith
ISSN 2349-7807
International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)
Paper Publications
Presentation at TUROGE 2014 (Turkish International Oil and Gas Conference) on Turkish E&P Sector & New Petroleum Law.
By Ali Yildizel - E&P Group Leader at PETFORM
Macroeconomic overview of Nigeria by Yakubu AMINU (2014)Yakubu AMINU
This write up presents the economy of Nigeria at a Glance, most especially the Oil and Gas sector of the country as well as investment opportunities in Nigeria,
How have the Prices of Crude Oil Affected Due to Lockdown? - Phdassistance.comPhD Assistance
COVID-19 threatens the survival of the modern-day human Homo sapiens. The tiny virus has expanded its active presence across continents, with an impactful footprint in over 175 nations. Petroleum sector, more precisely crude oil, is one of the linchpins of global economy. In December 2019, the appearance of the corona virus in China and the gradual expansion of the epidemic drastically reduced crude oil demand and price.
Lockdown is in effect in Italy, Germany, India, Great Britain, South Africa, and Spain. Corona lockdowns have appealed people to "stay home" and avoid unnecessary travel. Corona effectively limits all modes of movement and thus the transport sector 's oil use is expected to drop dramatically. Additionally, shorter manufacturing and consumer operations should limit fuel usage.
To Learn More: https://www.phdassistance.com/blog/
Contact Us:
UK NO: +44-1143520021
India No: +91-8754446690
Email: info@phdassistance.com
Global Development & Trends in Turkey & its Neighbours & the Rest of the Oil ...ITE Oil&Gas
Presentation at TUROGE 2014 (Turkish International Oil and Gas Conference) on Global Development & Trends in Turkey and its Neighbours & the Rest of the Oil and Gas Producing World.
By Huseyin Yakar - Deputy Director, Strategy Department, TPAO
New base energy news issue 945 dated 08 november 2016Khaled Al Awadi
Greetings,
Attached FYI (NewBase 08 November 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In today’s issue you will find news about:-
• Adipec 2016: Opec’s Barkindo says Russia ‘on board’ for output
• DEWA receives 30 EOI for 200MW Concentrated Solar Power Plant at Mohammed bin Rashid Al Maktoum Solar Park
• Qatari-patent smart AC system to hit GCC market in 2017
• Oman: PDO eyes savings of $3 bn over 5 years
• Somalia: Prospect of offshore oil offers mixed blessing
• UK: Chevron announces first gas at the Alder field in the UK
• Vietnam: SOCO announces start of the 2016 development drilling programme on the Te Giac Trang ('TGT') field
• U.S. crude oil production in 2015 was the highest since 1972, but has since declined
• oil prices steady ahead of election, but oversupply still weighs
• OPEC Needs Friends and a Miracle
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :- khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
The Impact of Oil Price on Economic Development of Kurdistan Region of Iraq f...IJAEMSJORNAL
Kurdistan region of Iraq signifies a great case study to investigate the impact of oil price, for the reason that most of its producing reliance on exporting crude oil KRG is one of the main oil exporting regions. Usually, the national revenue relies on crude oil revenue in KRG comprises a great percentage of Kurdistan region of Iraqi government’s budget and also KRG’s economy can be impact by would economic during economic difficulties. Consequently, growing oil crude oil price can influence on economic development in Kurdistan region of Iraq. Therefore, it is important to utilize other resource instead of oil income as a different approach to increase region’s income. The key objective of this article is to investigate the impacts of oil price and oil production value on economic development. Annual growth rate, compound growth rate and correlation coefficient can be utilized to estimate of the data. The findings revealed that an economic development is one of the most significant sources of economic transformation since it reproduces the society's capability to rise productive volume and ideal investment and likewise sustainability obligation comprises an expanded economy on the face of shocks, dynamically implements technology and head accumulation human money, competitively can increase comparative advantages compared to the other. Consequently, it operates within steady, balanced economic strategies and economic growth and there was positively statistically significance between oil price and GDP, oil production value and GDP.
Harnessing Natural Resources For National Development: Solid Minerals As The ...Above Whispers
Speech by
H.E. Dr. Kayode Fayemi, CON
Minister of Solid Minerals Development
at the
3RD CHIEF (DR.) JOHN AGBOOLA ODEYEMI ANNUAL LECTURE
Ile-Ife, Osun State, Nigeria | Friday, April 29, 2016
Etude PwC sur le secteur des hydrocarbures en Afrique (2014)PwC France
http://bit.ly/AfricaOilandGas
Selon l’étude de PwC "Africa Oil & Gas review – On the brink of a boom", qui analyse les perspectives de développement du secteur pétrolier et gazier sur le continent à travers les avis de 55 acteurs du secteur (présents sur les segments de l’exploration et la production, la distribution, le raffinage et les services), l’industrie du pétrole et du gaz en Afrique va connaître une forte croissance, avec l’apparition de nouvelles régions productrices de gaz comme le Mozambique et la Tanzanie, et de pétrole notamment au Nigéria, en Angola, au Congo et en Côte d’Ivoire.
Selon les entreprises interrogées, si la croissance et l’investissement sont au rendez-vous, les enjeux réglementaires et en termes de fraude restent importants.
How have the Prices of Crude Oil Affected Due to Lockdown? - Phdassistance.comPhD Assistance
COVID-19 threatens the survival of the modern-day human Homo sapiens. The tiny virus has expanded its active presence across continents, with an impactful footprint in over 175 nations. Petroleum sector, more precisely crude oil, is one of the linchpins of global economy. In December 2019, the appearance of the corona virus in China and the gradual expansion of the epidemic drastically reduced crude oil demand and price.
Lockdown is in effect in Italy, Germany, India, Great Britain, South Africa, and Spain. Corona lockdowns have appealed people to "stay home" and avoid unnecessary travel. Corona effectively limits all modes of movement and thus the transport sector 's oil use is expected to drop dramatically. Additionally, shorter manufacturing and consumer operations should limit fuel usage.
To Learn More: https://www.phdassistance.com/blog/
Contact Us:
UK NO: +44-1143520021
India No: +91-8754446690
Email: info@phdassistance.com
Presentation at TUROGE 2014 (Turkish International Oil and Gas Conference) on Turkish E&P Sector & New Petroleum Law.
By Ali Yildizel - E&P Group Leader at PETFORM
Macroeconomic overview of Nigeria by Yakubu AMINU (2014)Yakubu AMINU
This write up presents the economy of Nigeria at a Glance, most especially the Oil and Gas sector of the country as well as investment opportunities in Nigeria,
How have the Prices of Crude Oil Affected Due to Lockdown? - Phdassistance.comPhD Assistance
COVID-19 threatens the survival of the modern-day human Homo sapiens. The tiny virus has expanded its active presence across continents, with an impactful footprint in over 175 nations. Petroleum sector, more precisely crude oil, is one of the linchpins of global economy. In December 2019, the appearance of the corona virus in China and the gradual expansion of the epidemic drastically reduced crude oil demand and price.
Lockdown is in effect in Italy, Germany, India, Great Britain, South Africa, and Spain. Corona lockdowns have appealed people to "stay home" and avoid unnecessary travel. Corona effectively limits all modes of movement and thus the transport sector 's oil use is expected to drop dramatically. Additionally, shorter manufacturing and consumer operations should limit fuel usage.
To Learn More: https://www.phdassistance.com/blog/
Contact Us:
UK NO: +44-1143520021
India No: +91-8754446690
Email: info@phdassistance.com
Global Development & Trends in Turkey & its Neighbours & the Rest of the Oil ...ITE Oil&Gas
Presentation at TUROGE 2014 (Turkish International Oil and Gas Conference) on Global Development & Trends in Turkey and its Neighbours & the Rest of the Oil and Gas Producing World.
By Huseyin Yakar - Deputy Director, Strategy Department, TPAO
New base energy news issue 945 dated 08 november 2016Khaled Al Awadi
Greetings,
Attached FYI (NewBase 08 November 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In today’s issue you will find news about:-
• Adipec 2016: Opec’s Barkindo says Russia ‘on board’ for output
• DEWA receives 30 EOI for 200MW Concentrated Solar Power Plant at Mohammed bin Rashid Al Maktoum Solar Park
• Qatari-patent smart AC system to hit GCC market in 2017
• Oman: PDO eyes savings of $3 bn over 5 years
• Somalia: Prospect of offshore oil offers mixed blessing
• UK: Chevron announces first gas at the Alder field in the UK
• Vietnam: SOCO announces start of the 2016 development drilling programme on the Te Giac Trang ('TGT') field
• U.S. crude oil production in 2015 was the highest since 1972, but has since declined
• oil prices steady ahead of election, but oversupply still weighs
• OPEC Needs Friends and a Miracle
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :- khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
The Impact of Oil Price on Economic Development of Kurdistan Region of Iraq f...IJAEMSJORNAL
Kurdistan region of Iraq signifies a great case study to investigate the impact of oil price, for the reason that most of its producing reliance on exporting crude oil KRG is one of the main oil exporting regions. Usually, the national revenue relies on crude oil revenue in KRG comprises a great percentage of Kurdistan region of Iraqi government’s budget and also KRG’s economy can be impact by would economic during economic difficulties. Consequently, growing oil crude oil price can influence on economic development in Kurdistan region of Iraq. Therefore, it is important to utilize other resource instead of oil income as a different approach to increase region’s income. The key objective of this article is to investigate the impacts of oil price and oil production value on economic development. Annual growth rate, compound growth rate and correlation coefficient can be utilized to estimate of the data. The findings revealed that an economic development is one of the most significant sources of economic transformation since it reproduces the society's capability to rise productive volume and ideal investment and likewise sustainability obligation comprises an expanded economy on the face of shocks, dynamically implements technology and head accumulation human money, competitively can increase comparative advantages compared to the other. Consequently, it operates within steady, balanced economic strategies and economic growth and there was positively statistically significance between oil price and GDP, oil production value and GDP.
Harnessing Natural Resources For National Development: Solid Minerals As The ...Above Whispers
Speech by
H.E. Dr. Kayode Fayemi, CON
Minister of Solid Minerals Development
at the
3RD CHIEF (DR.) JOHN AGBOOLA ODEYEMI ANNUAL LECTURE
Ile-Ife, Osun State, Nigeria | Friday, April 29, 2016
Etude PwC sur le secteur des hydrocarbures en Afrique (2014)PwC France
http://bit.ly/AfricaOilandGas
Selon l’étude de PwC "Africa Oil & Gas review – On the brink of a boom", qui analyse les perspectives de développement du secteur pétrolier et gazier sur le continent à travers les avis de 55 acteurs du secteur (présents sur les segments de l’exploration et la production, la distribution, le raffinage et les services), l’industrie du pétrole et du gaz en Afrique va connaître une forte croissance, avec l’apparition de nouvelles régions productrices de gaz comme le Mozambique et la Tanzanie, et de pétrole notamment au Nigéria, en Angola, au Congo et en Côte d’Ivoire.
Selon les entreprises interrogées, si la croissance et l’investissement sont au rendez-vous, les enjeux réglementaires et en termes de fraude restent importants.
How have the Prices of Crude Oil Affected Due to Lockdown? - Phdassistance.comPhD Assistance
COVID-19 threatens the survival of the modern-day human Homo sapiens. The tiny virus has expanded its active presence across continents, with an impactful footprint in over 175 nations. Petroleum sector, more precisely crude oil, is one of the linchpins of global economy. In December 2019, the appearance of the corona virus in China and the gradual expansion of the epidemic drastically reduced crude oil demand and price.
Lockdown is in effect in Italy, Germany, India, Great Britain, South Africa, and Spain. Corona lockdowns have appealed people to "stay home" and avoid unnecessary travel. Corona effectively limits all modes of movement and thus the transport sector 's oil use is expected to drop dramatically. Additionally, shorter manufacturing and consumer operations should limit fuel usage.
To Learn More: https://www.phdassistance.com/blog/
Contact Us:
UK NO: +44-1143520021
India No: +91-8754446690
Email: info@phdassistance.com
Similar to Global economic crisis a challenge to the entrepreneurship development of technical vocational education and training in oil and gas sector of the nigerian economy
The petroleum industry in Nigeria is the largest industry and mean generator of Gross Domestic product (GDP) in the West African Nation. Inspite of the huge financial investment made by the Nigerian government in the oil and gas industry of the economy, it has not resulted in significant benefits for most Nigerians.
http://bonnylightcrudeoil.org
THE APPRAISAL OF LEGAL FRAMEWORK REGULATING GAS FLARING IN NIGERIA’S UPSTREAM...IAEME Publication
Nigeria is ranked one of the main producers of crude oil in Africa and due to this, oil exploration activities have occasioned high rate of gas flaring which was intensified by poor enforcement of anti-gas flaring laws by the regulatory authorities. Associated natural gas is generated from oil production and it is flared in large volumes, thereby leading to the emission of greenhouse gases and a waste of natural resources which could have potentially spawned billions of dollars for the Federal government. Nigerians are apprehensive that if nothing is done to combat this menace, the environment and man will be at risk due its damaging consequences. There is therefore the need to stop gas flaring by replicating the approaches used in the relatively advanced petroleum countries like Norway to tackle the menace. The research is an appraisal of legal frameworks regulating gas flaring in Nigeria’s Upstream Petroleum Sector. It is a doctrinal legal research that adopts a library based research approach. Weak enforcement and ambiguity of some anti-gas flaring laws are largely identified as the key factors responsible for the menace. It recommends the use of more advanced technologies, sophisticated mixture of regulations and none-regulatory incentives such as fiscal policies, gas market restructuring and proffer practical suggestions.
JEL Classifications: K2, K42, Q4, Q5, P28, K32, K12
Evaluation of the impact of oil spillage on izombe community and their produc...eSAT Journals
Abstract This project reviewed the environmental impact study of oil spillage, using the case study of Izombe in Imo State, Nigeria. It critically analysed the effects of oil spillage on marine life, land, ecological effect, and the effect on human health. It further treated the socio-economics of the people and appraised sustainable environment and development which only can be achieve through environmental impact assessment (EIA). The research also involved the use of primary and secondary sources of data collection for methodology. Questionnaires were developed, administered and observations recorded. We found out that oil spillage occurred up to two (2) times yearly at Izombe, thereby reducing the likelihood of any productivity improvement. It was traced mainly due to sabotage of oil installation. We found out that 56.4% of oil spillage was due to sabotage. We recommended increased efforts by the stakeholders in the management of the oil installations. Keywords: Evaluation, Oil spillage, Productivity, Izombe.
Impact of Coal Export and Economic Development in Nigeria (A Case Study of Ni...iosrjce
Nigeria is endowed with mineral resources among which coal. This product was playing a leading
role in the supply of energy for the industrial sector before the discovery of oil. It generated employment for
many Nigerians and also served as solid sources of energy for both domestic and industrial users. Coal
production from inception maintained an upward trend and reached its peak between 1955 and 1959 when
almost one million metric tones of coal was produced annually. As time went on, the leading role of coal in the
country’s energy mix declined rapidly, following the discovery of oil in commercial quantity in the late 1950’s.
This was hastened by the outbreak of Nigerian civil war which lasted from 1967 to 1970. During this period, all
coal mines in the country were abandoned. This study is therefore set out to examine the export of this product
and how it helped to improve the economy through the revenue generated there from. The study was carried out
through the use of case study method which involved the collection and collation of data, mainly by the use of
questionnaires. The questionnaires were developed from the research questions, designed to elicit answers from
the respondents. On the whole, two hundred and eighty seven copies of the questionnaires were produced and
distributed to the sample of the population. The validity and reliability of the research instruments were
established through the pilot test and retest methods respectively. The researcher made some findings about the
subject matter which include that poor funding of the coal industry by the government is one of the major
reasons for the decline in coal export; that the effect of the decline in coal export on employment is a serious
one such that many educated Nigerians are unemployed, that in the past, coal was playing a leading role in
supplying the energy requirements of most local industries in the country before the discovery of oil. On the
basis of the above findings, some recommendations were made. There are: that the government should revitalize
the coal industry immediately as this will no doubt bring about increase in revenue accruing to the industry;
that the country should not over-depend on oil as the only major source of revenue because of its wider
implication; and that government should encourage domestic use of coal as cooking fuel as this will increase
the revenue accruing to the government through this source. The industry should be properly funded by the
government; also the government should equip coal industry with modern and sophisticated infrastructure;
adequate transportation systems should be provided. The researcher believes that with the implementation of
the following recommendations by the Nigeria Government, the coal industry would improve drastically.
Oil, a very versatile and flexible non-productive, depleting, natural (hydrocarbon) resource is a fundamental input to modern economic activities providing about 50 percent of the total energy demanded in the world apart from the former centrally planned economy. The countries dealing with oil exploiting in the world depend heavily on oil revenue for foreign exchange earnings and for the government budget, in most cases, reaching 90 percent or above. Few studies have been carried out in this regard yet there is no conclusion as to the key factors that determine economic growth. This study determines the influence of Oil revenue on economic growth of Nigeria. The study uses domestic consumption and export as proxies for Oil revenue, and represents economic growth with real gross domestic product. Using 33 years time series observations, the study used Ordinary least square method. The study covers the period from 1980 to 2013. Secondary data source was acquired from the central Bank of Nigeria (CBN) Statistical bulletin. The study found that both domestic consumption and export has positive and significant influence on economic growth of Nigeria. The study recommends that, the domestic consumption and crude oil export sales should be increased in order to have the gross domestic product increased as this will put the country on a better scale. But this will have to be done by balancing the domestic consumption with the export of oil.
International Journal of Engineering Inventions (IJEI) provides a multidisciplinary passage for researchers, managers, professionals, practitioners and students around the globe to publish high quality, peer-reviewed articles on all theoretical and empirical aspects of Engineering and Science.
Key Drivers and Challenges of Oil and Gas Industry Development in AfricaEugene Nizeyimana
Africa is home to some of the world’s fastest-growing economies, many of them buoyed by new oil and gas finds, including Mozambique, Tanzania, Kenya, Uganda and Ghana. The region is also home to what could be game-changer reserves for the industry. Even though global petroleum commodity price is presently projected to moderate in 2014 from last year, is expected to remain more than 75% higher than in 2013. As a result, Africa’s key oil producing countries are expected to continue to list amongst the fastest expanding on the continent.
Similar to Global economic crisis a challenge to the entrepreneurship development of technical vocational education and training in oil and gas sector of the nigerian economy (20)
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"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...PaulBryant58
This article provides a comprehensive guide on how to
effectively manage the convert Accpac to QuickBooks , with a particular focus on utilizing online accounting services to streamline the process.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your company’s legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, we’ll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxmy Pandit
Explore the world of the Taurus zodiac sign. Learn about their stability, determination, and appreciation for beauty. Discover how Taureans' grounded nature and hardworking mindset define their unique personality.
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Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
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chapter 10 - excise tax of transfer and business taxation
Global economic crisis a challenge to the entrepreneurship development of technical vocational education and training in oil and gas sector of the nigerian economy
1. Journal of Economics and Sustainable Development www.iiste.org
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Global Economic Crisis: A Challenge to the Entrepreneurship
Development of Technical Vocational Education and Training in
Oil and Gas Sector of the Nigerian Economy
Dr. Amadi, Reginald O. And Dokubo Adolphus Ph.D
Faculty of Education, Department of Curriculum and Instruction, Ignatius Ajuru University of Education,
Rumuolumeni Port Harcourt
Abstract
The paper attempts to evaluate the Global economic crisis and the challenges to entrepreneurship development of
technical vocational education and training in oil and gas sector of the Nigerian economy. Effects of the global
melt down in the economics of developed countries of the world and its chain-link action has gradually
enveloped the entire world economy. This development impacted negatively on the Nigerian economy coupled
with the Niger Delta Crisis that has drastically affected oil and gas production and development of new fields
with its attendant consequences. Accordingly, vocational and technical education institutions that undertake
training of technicians in such enterprise as welders, electricians, pipe fitters including safety experts were
affected as a result of global melt down, constraining the oil and gas companies from engaging the services of
Technical Vocational Education and Training Professionals (TVET) in the energy sector.
Introduction
The global economic crisis in recent times can be likened to the great depression in the Second World War. Its
impact is so overwhelming that the economics of the major countries were all affected not without a significant
cost to the tax payers in those nations. Gradually, its ripples and Chain-link effect actually enveloped the entire
global economy, affecting financial houses, industries, mortgages and in-fact the cost of providing social
services experienced deep constrain. The oil and gas industry which are the major energy providers driving the
global economy was itself undergoing these global constrains. In Nigeria, its effect was immediately felt,
coupled with local distress in the polity, especially the Niger-Delta Crisis which drastically affected oil and gas
production and development of new fields and its attendant infrastructural provision difficulties. The
development of new fields and the provision of infrastructures are the concern of the technical and vocational
education institutions in the area of training of oil and gas professionals that depend upon them to drive its
activities. Thus the financial crisis being experienced globally has also affected the Nigerian oil and gas
industries in terms of investing in human capacity development in anticipation of production of new oil fields.
Vocational technical education institutions that undertake the training of technicians in such enterprises as
welders of different categories, electricians, pipe fitters and safety experts are all affected as a result of the global
economic meltdown which has constrained the oil and gas companies from engaging the services of TVET
professionals in the energy sector.
Nigeria and Energy
Nigeria and energy have been synonymous for the last fifty years, and with good reasons. Nigeria is the largest
oil producer in Africa historically (OPEC, 2005), oil and gas have been the chief contributors to this economic
sector; oil in particular accounts for nearly 90 percent of total foreign exchange of Nigerian revenue
(FOS, 2001). It is not a surprise that since the mid-20th
century, energy production has been essential to Nigeria’s
economic stability and growth. But with the global demand for energy seemingly growing by the day, Nigeria’s
leaders are not only investing in tried-and true oil and gas production but also aggressively pursuing alternative
sources t o ensure the country continues to play a leading role on the international stage (NNPC, 2002).
Nigeria is, above all, rich in “black gold”, while crude oil reserve estimates vary, many believe them to be
approximately 35.2 billion barrels, a figure expected to grow with future drilling and appraisals (NNPC, 2002).
Industry experts estimate daily production at 2.6 million barrels a day. Most of Nigeria’s crude oil production,
comprising 10 major crude streams, is light sweet crude, with a low sulphur content; much of it comes from
small fields in the swamps of the Niger Delta, and its product is exported through seven terminals and a number
of floating production vessels (DPR, 2001).
The upstream section is dominated by joint venture operations, run by major multinational companies such as
Shell, Total, Agip, Exxon Mobil and Chevron accounting for 95 percent of Nigeria’s crude oil production
(NNPC, 2001).
According to NNPC (2003), the government has awarded several private indigenous companies concessions
over the past three years, and three – Amni International, Dubri Oil limited and consolidated oil has already
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begun production. Moni Pulo, Obekpa Petroleum and Chrome Energy are three of the biggest success stories of
Nigeria’s growing base of indigenous companies. Moni Pulo found early success with the Abana Oil Fields in
the Gulf of Guinea shortly after forming. Further, Obekpa, a subsidiary of the Obekpa Group, has made it a point
to team up with international companies such as Devon Energy which is regarded as a rising player domestically.
Lastly, Chrome Energy found its niche with the Nigeria Sao Tome & Principle joint Development Zone, having
recently secured preferential oil blocks in that area (NNPC, 2005).
DPR (2004) opined that domestic marketers comprise fewer than 30 percent of downstream market share, while
the major international marketers boast the rest. The government faces challenges in the downstream sector-
such as a lack of resources to efficiently manage the aging infrastructure and a “non-commercial pricing
environment”. Accordingly, it is encouraging further private sector participation in the sub-sector.
With proven natural gas reserves believed to total a staggering 185tn cubic feet, Nigeria has one of the top ten
natural gas endowments in the world (OPEC, 2007). The country has ambitious plans to raise earnings from
natural gas exports to half of all oil revenues by 2010, and Nigeria is the world’s second-largest source of LNG
by as early as 2008 (FOS, 2003). Experts attribute much of this marked increase in economic growth to
increased liquefied natural gas. (LNG) production, which the government has aggressively pursued via the
Nigeria liquefied Natural Gas Project, which was started in 1989 and is jointly owned by the Nigerian national
Petroleum corporation and three other international oil companies with local affiliates. Besides being better
suited to meet the world’s growing demand for natural gas than traditional gas, LNG provides better access to
underutilized natural gas resources and reduces natural gas’ volume by 600 percent, making it more economical
to transport between continents (FME, 2004). Additionally, it is clean-burning, which could help decrease gas
flaring in Nigeria. In addition to oil and gas production, Nigeria has made it a priority to develop alternative
energy sources.
Consequently, in analyzing the effect to this global trend on the economy, the researchers relied on squirrel data
on the production profile of all the major oil and gas companies in Nigeria and how it has affected
entrepreneurship development especially with regards to developing entrepreneurial professionals from the
vocational technical education institutions as shown below.
Table 1: Oil companies-production output daily averages and percentage contribution in 2005
Company Quantity
(bbls)
Average
production
(bbl/d)
Percentage
contribution
(%)
Shell 337’435’655 924’481 36.72
Mobil 209’841’101 574’907 22.83
Chevron 127’393’127 349’022 13.86
Elf 79’597’071 218’074 13.86
Naoc/Phillips 62’263035 170’584 8.66
Addax 23’813’968 65’244 2.59
NPDC/AENR 19’900’957 54’523 2.17
Continental oil 13’241’057 36’277 1.44
NAE 11’330’731 31’043 1.23
Pan Ocean 8’631’714 23’649 0.94
Moni Pulo 5’794’198 15’875 0.63
Texaco 5’469’970 14’988 0.60
AENR 4’317’081 11’828 0.47
EPGA/CONNOCO 2’918’248 7’995 0.32
NPDC 2’025’562 5’549 0.02
SNEPCO 1’566’520 4’292 0.17
Cavendish petroleum 1’408’276 3’858 0.15
AMNI 839’956 2’301 0.09
CONOIL 726’530 1’990 0.08
ATLAS 163’979 449 0.02
Dubri 152’701 418 0.02
Niger Delta Pet. Res 141’028 386 0.02
Total 918’972’465 1’517’733 100
Corporate Nigeria: The Annual Business, Trade and Investment Guide 2006/2007
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Table 2: Global Oil Demand by Region
(Millions of bbl/d, except where otherwise noted)
Demand Annual change
2005 2004 2005 Percent
2005
Percent
2004
North
America
25.43 25.34 0.09 0.4 3.3
Europe 16.30 16.33 0.03 -0.2 1.3
OECD
Pacific
8.63 8.53 0.10 1.2 -1.8
China 6.59 6.43 0.16 2.5 15.2
Other Asia 8.72 8.56 0.16 1.9 6.3
Former
Soviet
Union
3.80 3.76 0.04 1.1 4.7
Middle
East
5.91 5.62 0.29 5.2 6.6
Africa 2.90 2.81 0.09 3.2 2.9
Latin
America
4.99 4.86 0.13 2.7 4.1
World 83.25 82.23 1.02 1.2 3.8
Source: International Energy Agency
Table 3:
Present daily output More than 2.3 million bbl/d
Perspective output by 2012 4 million bbl/d
Crude oil reserves 35.87 million bbl (2006)
Natural gas reserves 5’229 trillion M3
(2006)
Gas flaring To be eliminated by 2008
Major export regions 2005 North America, Europe’ Asia & far East
Crude oil exports 32.2 bn $ (2006)
Crude refining capacity 445’000 bbl/d (2006)
Net Natural Gas Exports 12.6 bn m3
(2006)
Table 4:
Major terminals Bonny Island, Brass River Escravos, Forcados,
Odudu, Pennington, Qua (Kwa) Iboe
Major oil fields Cawthorn Channel, Edop, Ekulama, Escravos Beach,
Forcados Yorki, Jones Creek, Meren, Nembe, Okan,
Oso, Ubit
Major foreign oil company
involvement
British Gas, BP, Chevrontxaco, Deminex, ENI/Agip,
Exxon Mobil, Petrobras, Shell, Statoil, Sun Oil,
Tenneco, Total S.A
Refineries Rivers State (150’000bbl/d)
Warri (118’750 bbl/d)
Kaduna (110’000 bbl/d)
Alesa Eleme (60’000 bbl/d)
Corporate Nigeria: The Annual Business, Trade and Investment Guide 2006/2007.
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Table 5
The Concept of Entrepreneurship
Entrepreneurship simply means self-employment, and in the private sector of the economy, the key operator is
mostly associated with the word entrepreneurship; he is called the coordinator, decision maker, risk bearer,
manager, innovator, organizer, initiator, and so on. Anele (2004) noted that entrepreneurship is not limited to any
cultural, geographical or racial groups or the only preserve of large or small enterprises. The entrepreneur ranges
from the ordinary peasant farmer, palm wine taper, oil miller to the highly altitude business men and women
engaged in small, medium and large scale industrial, commercial and agricultural enterprises with modern and
sophisticated technologies. In order words, there is not a particular type of person who becomes an entrepreneur.
In the words of Emeruwa (2004), “an entrepreneur sees an enterprise before it is established, conceives it,
establishes it, keeps it alive and has the power of death over it”. This signifies that partnership or companies, an
individual, a group of persons or family operators are usually the entrepreneurs, because human beings perform
the above functions, as individuals or as a group.
Osuala, (1998) stressed that an entrepreneur is the person who carries out the functions of an enterprise.
According to them, there are three types of entrepreneur they are;
a. The traditional entrepreneur: This type is conservative and only practices what his predecessors had
practiced in certain fields in the past.
b. The adaptive entrepreneur: This type only applies to existing tools in organizing, using and
controlling economic activities.
c. The innovative entrepreneur: This is the person who creates things a new in a manner that
revolutionizes an organization of productive factor to the advantage of societies.
In pointing out some characteristics that are common to most successful entrepreneurs, Olaitan (1996) argued
that reasonable risks, self confidence, hard work, patience, tenacity, stability, accepting success or failure of
one’s work, setting plans for goals as well as initiatives are some of the characteristics of entrepreneurs.
Effect of Entrepreneurship on Poverty Reduction
According to Hwang and Powell (2000) cited in Maduagwu (2005), entrepreneurship refers to the creation and
growth of new and small businesses driven by the desire for reward; the term also denotes the desire for
independence, self-realization and creative activity. Entrepreneurship can be said to negatively correlate with
Corporate Nigeria: The Annual Business, Trade and Investment Guide 2006/2007.
Nigerian Content
Year 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Policy
Actual
Trend
Targets
Presidential directive to domesticate a significant portion of economic derivatives from the
oil and gas industry-targets 45% of Nigerian content by 2006 and 70% by 2010
70%
60%
50%
40%
30%
20%
10%
0%
70%
60%
50%
40%
30%
20%
10%
0%
* * *
*
*
*
* * * *
*
*
*
*
*
*
*
*
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poverty. That is, an increase in entrepreneurship will lead to a decrease in poverty. Entrepreneurship has
positively affected the level of poverty prevalence by helping in reducing poverty considerably. Some of the
positive effects of entrepreneurship on the level of poverty are:
i) It leads to creation of more jobs, thereby reducing the rate of unemployment in the economy.
ii) Boosts of Gross Domestic Product (GDP) and Gross National Product (DNP) of a country.
iii) Leads to an improvement in social well being and standard of living of the people in a community or
country.
iv) Leads to the availability of more goods and services at an affordable rate and
v) Can also boost the level of economic growth and development in a country.
Some of the factors that could hinder the success or growth of entrepreneurship in a country according to Amali
(1996) are inadequate finance, infrastructural constraints, inadequate and incompetent manpower, or
implementation of government policies, poor manpower training and development, entrepreneur’s personal
problems and identifying and satisfying the real needs and wants of the customers.
Taking into account the measures taken by government to ensure that poor and less-privileged Nigerians have
access to micro credit facilities especially with the aim of encouraging them to set up their own business.
Asumbe (2001) argued that the government is aware of the impact of microfinance and microfinance banks
especially on entrepreneurial activities.
Indeed, it should be noted that the creation of microfinance banks is in itself a growth strategy to increase the
volume of entrepreneurial involvement in Nigeria. Some of the effects of the existence of microfinance banks on
entrepreneurial growth are:
i) Economic Empowerment of the poor
ii) Employment Generation and Poverty Reduction
The baseline economic survey of Small and Medium Industries (SMIs) in Nigeria conducted in 2004 indicate
that the 6,498 industries covered, employed a little over one million workers. Considering the fact, that about
18.5 million (28% of the available work force) Nigerians were unemployed, the employment objective and role
of the SMIs was far from being reached. One of the hallmarks of the National Economic Empowerment and
Development Strategy (NEEDS) is the empowerment of the poor and the private sector, through the provision of
needed financial services, to enable them engage or expand their present scope of economic activities and
generate employment. Delivering needed services as contained in the strategy have been remarkably enhanced
through additional channels, which the microfinance bank framework has provided. Further, they have assisted
the Small and Medium Industries in raising their productive capacity and level of employment generation.
Government and allied oil and gas prospecting companies in the area should fully integrate the host communities
in their poverty reduction programs. These may include building and rehabilitation of schools, primary health
care services, community water supply, adult literacy classes, food security and nutrition, family planning,
reconstruction and rehabilitation of roads, provision and maintenance of electricity to the rural populace, free and
basic community education, skill acquisition center and vocational training institutions to empower the youths of
the area in provision and creation of jobs for rural inhabitants which can reduce tension, unemployment and
other social vices in the Niger Delta areas. The provision f these could improve the living standards of the rural
populace of the areas.
Improvement in human capabilities through training of extension workers is another way poverty can be reduced
in the Niger Delta areas. Agbuma (2006) posited that agricultural and vocational knowledge among rural
dwellers are in a bid to equip them with capabilities, which can enhance their production activities. He further
stated that higher productivity is attainable by using more knowledge in the production process. To face the
challenges that poverty raises, governments, firms, educational institutions and society at large must be
acknowledged and the transition to a more inclusive and equitable knowledge economy requiring long-term
commitment. The task at hand is not only to promote social and political acceptance of the private sector
participation in issues of exclusion and poverty reduction, but also to generate social awareness of a problem that
is incumbent on us all. The latent capacity of the poor for entrepreneurship would be significantly enhanced
through the provision of microfinance services to enable them engage in economic activities and be more self-
reliant; increase employment opportunities, enhance household income, and create wealth.
Since the 1980s, Non-Governmental Organizations (NGOs) have emerged in Nigeria to champion the cause of
the micro and rural entrepreneurs, with a shift from the supply-led approach to a demand driven strategy. An
example of a programme, which has been created by the Nigerian government to reduce poverty, is the National
Poverty Eradication Programme (NAPEP) with the mandate of providing financial services to alleviate poverty,
but much success has not been recorded. Therefore the place of entrepreneurship will be much more appreciated
in the Niger Delta. Over the years, with the development of entrepreneurship, people are moving from the
poverty line on the provision line mark. Graduates are encouraged not to roam about the streets after earning a
degree that has not fetched them a job; they are now encouraged to go about creating something of value, and
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making their services available for use by the general public. In the present era of entrepreneurial development,
even secondary school students want to partake and not to be left out. Some of these college students start
making things with their hands, and they sell them to their school mates. They make beads, bags, and other little
trade to help their parents in their own little way. These young ones in their own way are reducing the impending
poverty that might want to attack them in later years, because of lack of employment.
Vocational Technical Education and Poverty Alleviation
The usefulness of vocational technical education is inestimable as it stretches from an individual to the society at
large. Olaintan (1996) buttresses this fact by concluding that apart from individual being the primary
beneficiaries of vocational/technical education, the nation is usually the fundamental beneficiary of this form of
education. in other words, vocational/technical education serves as an excellent instrument of making positive
change in individual’s life and the society at large. Thus, vocational/technical education alleviates poverty in so
many ways such as:
• Training millions of young people and adults to participate in the world of work. Its development has
included a move from apprenticeship method in beginning to full-time vocational/technical schools and
then to vocational education programmes in publish high schools.
• Reduces the rate of unemployment amongst the citizenry. Many educated Nigerians are neither self-
employed nor unemployed by the government. In fact, technological and industrial development would
have been stimulated through the production of competent or capable workers who would have utilized
available materials to develop the country. In other words, this form of education can be reduced
drastically. It enables individuals to acquire the skills needed to make them become employed or be
self-employed after graduation.
• Major effort of alleviating youth unemployment and dropout in Nigeria has been initiated via
vocational/technical education programmes by the Federal, State and Local Government. Education
programmes of the Federal and State Governments include the establishment of polytechnics and mono-
technique colleges. The ultimate aim of establishing such institutions is to provide youths with saleable
skills, which will enable them not only become employable, but to establish their own industries and
business.
• It refines individual’s attitude to work. This is because a person with expertly acquired skills sees
himself/herself as someone who is hard working to make money in order to live comfortably. In other
words, individuals now see the dignity in labour, which encourages the feelings that the skills acquired
quantities living comfortably.
• Vocational/technical education encourages both cognitive and psychomotor skills f or useful things in
the society.
Technical vocational education and training [TVET] have been recognized the world over as tools for alleviating
poverty and enhancing technological development. Therefore, the salvation of Nigeria in general and Niger
Delta state in particular, in the 21st
century depends to a great extent on sound, relevant and functional TVET.
This is so because TVET provide skills necessary for self employment and creating employment for others.
UNESCO (2002) defined TVET as those aspects of the educational process involving in addition to general
education, the study of technologies and related sciences, and the acquisition of practical skills, attitudes,
understanding and knowledge relating to occupations in various sectors of the economic and social life. TVET
exists in three forms namely;
i. Formal TVET
ii. Informal TVET
iii. Non formal TVET
The formal TVET are those programme offered in secondary schools, technical colleges, polytechnics,
universities among others, while informal TVET are the apprenticeship programs run by roadside mechanics,
herbal medical practitioners, blacksmithing and others. Non formal TVET are those programmes designed, run
and managed by private and public organizations for the purpose of addressing specific needs such as NITEL
training school Oshodi, PAN Training school among others aims at;
1. Producing semi skilled and technical manpower necessary to restore, revitalize, energize, operate and
sustain the national economy and substantially reduce unemployment;
2. Providing technical and vocational education that is broad-based in nature accommodating at all periods
of life without discrimination or bias on grounds of sex, intellectual talents and aptitudes, physical
disabilities or culture, religion and ideology;
3. Serving as a means of national defence against poverty brought about by lack of job skills;
4. Reforming the content of technical and vocational education to make it more responsive to the socio-
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economic needs of the country;
5. Harmonizing and inter-relate with industry and the labour market in terms of resources for training as
well as production standards;
6. Raising and sustaining a generation of job creators rather than job seekers.
7. Enhancing access to technical and vocational education programs at all levels of the education system;
8. Ensuring equity of access, participation and completion rates (Federal Government of Nigeria, FGN
2002).
In order to achieve these objectives, the FGN in the master plan for the development of TVET in Nigeria from
2001-2010 recommended the following priority areas:
1. Getting all Nigerian youths (boys and girls) to benefit. TVET aims at increasing access by a minimum
30% to achieve reduction in gender imbalance by 50%; achieve 50% public enlightenment on the value
of TVET and restructure informal TVET.
2. Provision of learning experiences (curriculum) that would ensure that beneficiaries of TVET scheme
have job skills for solving many Nigeria socio-economic problems by the provision of equipment to
Polytechnics and Technical Colleges for accreditation, review of TVET curriculum to make it more
functional, increase the number of qualified TVET teachers among others.
3. Provision of conducive environment that will ensure that students derive maximum benefits from TVET
(these include training of 20,000 teachers for technical colleges, 10,000 for polytechnics, rehabilitation
of classrooms and workshop facilities among others.
4. Preparation of new breed of teaches that will translate the new vision of technical and vocational
education into action in classroom, laboratories and other places of learning. The action plan include
rehabilitation of existing teacher education institutions and establishment of new Universities of
Science and Technology, Teacher Education and giving better salary remuneration to teachers among
others.
5. Improving the status of TVET institutions: The action plan include greater emphasis to construction and
production courses rather than service works, granting criteria ad autonomy to polytechnics in
employment between polytechnics and university graduates.
6. Academic and professional progression: The action plan includes integration of informal TVET into
formal TVET, elimination of gender bias in TVET, promoting vocational guidance and counseling in
secondary schools among others.
7. National assessment and certification: The action plan includes transformation of NABTEB into
National Authority for Vocational Qualification, adoption of common curricular for TVET institutions
and assessment and certification of craftsmen, and artisans.
8. Monitoring, research and evaluation: The action plan includes establishment of presidential task force
to monitor the implementation of the action plan.
Conclusion
This paper recognized the value of entrepreneurship in every economy and the need for sustainable skills
acquisition by men and women. An increase in entrepreneurship will create wealth and growth of new and small
businesses and help in reducing poverty. Be that as it may, while we acknowledge the fact that the master plan
on TVET development in Nigeria from 2001 to 2010 is a work well done, it is the author’s considered opinion
that the plan is a myth rather than a reality because even the Federal Government has not implemented the key
recommendations of the master plan which include one model technical college in each state of the federation by
Federal Government as well as by the state and local governments. Again, one observes that the following
matters are arising in the implementation of the plan and the development of TVET in the Niger Delta States.
1. The numbers of TVET institutions are few as compared to general education schools. This makes it
difficult to increase assess rate to 50% by 2010.
2. Enrolment of students into TVET programmes is still on the low side despite all the measures taken
over the years.
3. Female enrolment into TVET programme is still on the low side as compared to their male counterparts.
This makes it difficult to reduce gender imbalance to 30% by 2010.
4. Teacher recruitment, deployment and retention is still one of the major challenges of TVET in the Niger
Delta as some of the teachers have never attended any workshop, conference, or industrial attachment in
the North since employed.
5. The Informal TVET in the Niger Delta is still not integrated into formal TVET thus rendering it
unrecognized.
6. Data on informal and formal TVET are scanty which makes it difficult for any effective repositioning
of the system.
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The salvation of the Niger Delta in particular and Nigeria in general depends on sound and functioning TVET. It
seems the master plan on the development of TVET from 2001-2010 is a wild dream in which the Federal
Government itself has not been able to implement 30% of the recommendations of the master plan at the end of
the decade 2010.
Recommendations
1) Government should establish functional technical and vocational education institutions for the training
of skilled technicians.
2) Oil and Gas companies should partner with government in the business of development of
entrepreneurial skills for professionals in the economy.
3) Those in authority in Nigeria should wake up and provide uninterrupted electrical power if
entrepreneurial skills development and employment amongst the citizenry is to be achieved.
4) Further investment in the area of the development of oil and gas fields should be pursued vigorously to
enhance this sector of the economy.
5) There is need for government and oil companies to integrate their host communities in poverty
reduction programmes to reduce hostility.
REFERENCES
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