bilymuse:

There wont be any money to pay soldiers, police civil workers and other essential services. there wont be money for our corrupt politician to mismanage. most companies, especially oil related, will simply dissappear. our abandone projects and crumbling infrastructure will finally crumble. the oil communities will be left with a catastrophic environmental disaster, that will last for generation. crime will spiral out of control, with the army and police leading gangs of robbers. Its a frightening scenario.


Oil bring in more than 95% of the country revenue. most state in Nigeria are not viable, even the federal government is not viable. we rely on oil for survival

Nigeria will have to break up. Nigeria is nothing without oil.

davidylan:

Nigeria would be way better and we would have been spared the leprous governments of Shagari, Babangida, Abacha and Abubakar.

bilymuse:

my brothers, do not analyse issues with emotion or blind optimism. Nigeria has gone far beyond the days of cocoa and groundnuts. oil is the new reality. without oil Nigeria will look like Chad or Niger republic.

To compound the issues the ethnic groups do not like each other. the Ibo's don't want to be part of Nigeria, and they are saying it daily, loud and clear. if the opportunity arise Niger delta will break away. Take a referendum among the Yoruba's and you will get 70% vote for succession. the middlebelt do not see sense in the union, only the far north seems to be clinging because of their domination of government.

Countries that are strong and united are bind together by a common ideal and belief. In Nigeria there is nothing binding us together; different religion, culture, belief , ideas. The only thing that is holding Nigeria together is oil. when the oil finish , the party is over, and everybody must go home.

Seun:

Nigeria without oil would definitely be a poorer country. But it would have a more diverse, robust economy.

Seun:

Nigeria without oil would definitely be a poorer country. But it would have a more diverse, robust economy.

jintujinta:

"Ki agbado too de, inkankan ni adiye nje" Before the discovery of maize chickens fed on something.

Let us not deceive ourselves necessity is the mother of invention. Nigeria can survive without oil.

bilymuse:

To compound the issues the ethnic groups do not like each other. the Ibo's don't want to be part of Nigeria, and they are saying it daily, loud and clear. if the opportunity arise Niger delta will break away. Take a referendum among the Yoruba's and you will get 70% vote for succession. the middlebelt do not see sense in the union, only the far north seems to be clinging because of their domination of government.

Nigerians will think better, act better, reason better, behave better, and above all be guided by the fact that they must work harder to make money and not just sit down somewhere expecting oil money. Remember the Malaysian story. I think they are doing better than us now.

Sky Blue:

LOL, this thread is amusing. Shouldn't the title be something along the lines of "what good has oil wealth brought Nigeria"? How can we ignore the over riding corruption in government and the irritatingly non-chalant attitude of the citizenry towards this? The country has had all this money from oil and has not been able to use it and then all of a sudden if oil goes and we "tap" into new resources then that would automatically stop corruption? I ask, is that not just wishful thinking? Please let us refuse to continue living in fantasy and deceiving ourselves with "it would be better without oil" when oil is not the problem, the citizenry is the problem. Until Nigerians wake up to their responsibility and duty towards developing their own country the rest is just a people telling themselves sweet stories so that they can sleep well at night. Nigeria has not been able to use the money we have to develop the country but all of a sudden the money from other ventures is going to be used effectively? So the money from other ventures, is it going to be special anti corruption money? Why must we always look for the short cut to by pass the fundamental problem or take the very long road in order to avoid confrontation with the real issues? WOW.

tpia:

From what I've heard, before oil was discovered the naira used to be stronger than the dollar.


abi na lie my elders dey talk?

Partially right but it appears you did not understand your elders well. Dollar overtook Naira in 1984,long after Oil.

In our oil history you need to understand that that is a difference between the period oil
1,Was discovered
2,dicovered in commercial quantity, and
3,the famous oil boom period.

You used DISCOVERY not BOOM. BOOM,not DISCOVERY,period is closer to the period our problem started than DISCOVERY period. Boom took place in early to mid-1970s. Discovery decades earlier.