OUR FACTOR

 

PESTEL ANALYSIS OF THE MACRO-ENVIRONMENT

 

Our Factor could Include:

 

Political

• Political and policy instability in the country might impact with the work of the institute

• Lack of political will on the part of the government is something to keep putting into consideration.

• Government policies may affect the work of the institute in so many ways.

• The national content policy and regulatory framework will provide opportunity for the institute and the university to take advantage of the policy to train Nigerians be able to provide services to Government and the Oil Corporations in Nigeria.

 

Economic

• The global economic slow-down may affect the institute.

• There could be opportunity for the institute to be needed to provide solution to energy policies in the country.

• The economic crisis might force many people who would have considered studying abroad to see the Institute and the university as a destination to acquire the same academic qualification.

 

Social

• The demographic challenge in Nigeria is increasing more pressure on institutions to accommodate people with passion for academic pursuit.

• Social mobility in the country and the exposure to knowledge-based world is forcing more people to consider re-training and getting themselves ready to be part of the global marketplace.

 

Technological

• Technological exposure is breaking the divide between the North and the South and this is having tremendous impact on the way things will be done in any part of the world.

• Knowledge of what is available in one part of the world is disseminated to the other parts of the world in a very dynamic manner, hence, people are becoming more aware of how things are done in other parts of the world in order to change things in their own environment.

• Technology can now assist organisations to have interaction with other parts of the world for learning and inspirational purposes.

 

Environmental

• Global warming and climate change is a worldwide problem that concerns everybody in every part of the world. This calls for better management of the global resources in sustainable manner. The developing countries bear the brunt of the devastation we are inflicting on the earth.

• The need to have a cleaner and better environment has become a global challenge which calls for interventions in every part of the world hence, Nigeria cannot afford to stay aloof to the challenges.

 

Legal

• Several legal commitments such as the Kyoto Protocol and other instruments have made it imperative for scholars to begin to see the field of sustainable development as a veritable area for research and legal contribution.

• Locally in Nigeria, we have several initiatives that make it mandatory to have legal scholars who can specialize in this field. We have the Petroleum Industry Bill (PIB), the Local Content Regulation etc.

• Legal activism in the field of environmental responsibility is changing the way that oil sector operatives carry on with their business.