14: Nigeria at a Crossroad: Civil Unrest and Police Brutality Spotlight Need for Change

Episode Summary

In this episode, Barry Adedamola talks about the Nigerian energy market, education system issues, the role of the youth in Nigeria, and infrastructure problems that are slowing the growth of the country and its population.

Highlights

· CNS Marine supports international companies working offshore in exploring for oil and gas. Providing vessels and personal.

· Barry believes that Nigeria has gone backwards somewhat over the last 60 years

· The Prize (book) discusses impact of oil on the global markets over the last 100 years.

· When Nigeria found oil it changed the dynamics of the country. There was a lot of money coming in and very little work for the population.

· Nigeria hasn’t don’t a good job as a country in allocating the influx of money to sectors that could help develop the country.

· Barry doesn’t believe that Nigeria has invested enough in the educational system.

· Over 80% of GDP relies on the Oil sector.

· Africa has one of the youngest populations in the world. Approximately 70% are under the age of 30. Nigeria has had a problem sharing prosperity and engaging with young people.

· Barry is not surprised that young people are rebelling and want change. The youth see what is happening around the world and they see that they have a voice.

· Barry doesn’t believe that government misunderstanding youth is exclusive to Nigeria. It’s evident in the USA and other countries as well.

· There is a lot of entrepreneurial opportunity in Nigeria but there is a lack of infrastructure that makes it difficult.

Meet Barry Adedemola

Barry Adedamola is the Managing Director and CEO of CNS Marine, Nigeria. Barry was previously a director for global markets at Cambridge energy research associates, a leading international consulting think tank. He is an advisor to several multinational companies on international oil market strategies. He has extensive knowledge of projects, activities, and political climates of the EMP industry in West Africa. Barry is a board member of African Energy Association.