Please , Nairalanders if Nigeria's oil wells get's dried up today, what economic relevance will Nigeria have in the global Community, considering the fact that our leaders are not planning and more than half of the country is simply depending on allocations from the Federal purse.Intellectuals in the house, this is one is for you please.

As for the easterners; alot are going on in the trade and industrial sector. Go to Nnewi and see for yourself.
As for other parts of the country; famine farming would do.

Neither oil supply nor oil demand will dry up all of sudden.There is plenty of time for diversification.This is where your foreign reserves comes in handy.It gives you a cushion to mitigate the effects of a precipitous fall in oil prices.

I guess when oil stops being the most significant source of our revenue,it won't be because supply dried up but instead,because demand has tanked.As the ex-Saudi Oil Minister aptly noted,''the Stone Age didn’t end for lack of stone, and the oil age will end long before the world runs out of oil.’’

there's tourism, coal, fishing, IT and many other opportunities.

419 obt

nuzo:

As for the easterners; alot are going on in the trade and industrial sector. Go to Nnewi and see for yourself.
As for other parts of the country; famine farming would do.

Dude, keep deluding yourself. As if the east is the only place trade and industrial sector are booming. The last time I checked
places below the Niger river are experiencing growth as never before in the History of Nigeria.

There is alot I am currently in Nigeria and I am leaving soon back.

I think things have changed a bit but there is more to do

Vallo57:

Dude, keep deluding yourself. As if the east is the only place trade and industrial sector are booming. The last time I checked
places below the Niger river are experiencing growth as never before in the History of Nigeria.

agree wid you,and there are several untapped potentials in other parts of nigeria as well, theres manufacturing too,and farming in large scale can be as lucrative if not more than just the industrial sector btw there are industries in all parts of nigeria and not just the east

plenty.
agriculture, forestry, tourism,, the list goes on and on. we would only need to think outside the box

Oil will become less relivant before it runs out. When it happens, naija would understand that their most important natural resources is PEOPLE.

naijaking1:

Oil will become less relivant before it runs out. When it happens, naija would understand that their most important natural resources is PEOPLE.

i dis agree slightly,after oil theres lng which we also have an abundance of

In my opinion, nothing!! the furture is blink as a dead end.

All what nairalanders mentioned here are just mere talk say. They have forgoten even with the state of the oil, do we still have it in aboundance? what makes you so sure we would all have food to eat without oil? Oh! you all are looking to the resarve (dollars and pounds) stashed away by our greedy leaders. Hmm!!! please think again.

419 galactica and kidnapping of mulatto missionaries burned by the tropical sun-----all to catch anything that resembles Oyinbo for sure!

Apart from oil our other economic features is our government robbing us blind. There is money involved somewhere in that.

Some might say that the future of Nigeria is slim but its a collective responsibility - http://www.divanaija.com.ng/naija-past-future-can-center-hold-michael/

Aregbe Odorless FuFu.

I see Osun being the next Rivers once we start trucking this stuff across Africa and shipping tons of it overseas.