IS THE NIGERIAN GOVERNMENT AWARE OF FRACKING?

By, Frank Uche Dibia.
Wealthy oil dependent Countries such as Saudi Arabia, Kuwait, Russia and co. are increasingly worried and have warned their nations that their days as wealthy oil powered nations are numbered.

Fracking, the new technology being pioneered by United States which involves using high pressured water to release oil from rock will soon see very high oil demanding nations including America and the entire European countries no longer as thirst as they used to be for foreign oil. Meaning that they could soon be self sufficient.

This is sending a jittery signal to the big oil-money dependent wealthy nations. At the present, almost all major oil exporting nations have seen continuous decline in demand for their export and yet there is no indication that the Nigerian government is taking note of this.

The issue of economic diversification has endlessly been on the lips of the government in the past without any action due to corruption. I would hope that this global worry and agitation could be a lift for action on the part of the Nigerian government to save the country from imminent collapse .