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Nairaland Forum / Nairaland / General / Politics / Nigeria Branded 'Unreliable Source of Energy' (792 Views)
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Nigeria Branded 'Unreliable Source of Energy' by blackspade(m): 9:52pm On Feb 12, 2009 |
[size=15pt][center]Country Branded 'Unreliable Source of Energy'[/center][/size] Constance Ikokwu |
Re: Nigeria Branded 'Unreliable Source of Energy' by blackspade(m): 10:03pm On Feb 12, 2009 |
This is welcomed news to me. The gas and oil industry thus far has failed to uplift Nigeria out of third world status- largely due to mismanagement, poor maintenance, and corruption up top. If the export demand tanks, this will actually require the fat cats to actually think of different strategies to build our economy from the ground up- like most successful economies have done. In my opinion, oil is NOT the ticket out of poverty for Nigeria. In order for Nigeria to even come close to reaching the 2020 goals, our economy needs to be more open- meaning making it more attractive for investors to invest in the country. The government needs to start nurturing more homegrown Nigerian businesses by having low taxes and also provide some sort of incentives for the graduates to stay home instead of moving away. With this happening, I believe we will start seeing many more entrepreneurs starting up businesses in Nigeria, and also more investors will be attracted to the country- which in turn helps the economy grow tremendously. F*ck oil, let Angola take over some of our exports- at least they know how to put the earnings to work! |
Re: Nigeria Branded 'Unreliable Source of Energy' by Kobojunkie: 10:17pm On Feb 12, 2009 |
This should not be surprising considering the events of the last 2 years in the Niger delta. Problem is, are we going to start working on shifting from oil as major source of revenue? |
Re: Nigeria Branded 'Unreliable Source of Energy' by mustafar1: 10:55pm On Feb 12, 2009 |
Did they just realise that after all these years? |
Re: Nigeria Branded 'Unreliable Source of Energy' by naijaway(m): 11:35pm On Feb 12, 2009 |
long time coming. I wonder why some people in nigeria would want to act surprised. The only credibility nigeria possesses is street credibility; after that every other credibility eg infrastructure, military, technology, diplomacy, economic, social, education, democratic, etc we are not even contenders. |
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