I have actually thought about this for a very long time now. Our oil that was initially thought as a form of blessing to me is actually a curse in disguise. Base on my own POV(point of view), our over dependent on this black gold has caused us lots and lots of problems. And worst of is that we had selfish and greedy leaders back then when this oil was seen as a source of revenue. They had the chance and power to diversify our economy but refused. These leaders kept eating stock piling their accounts abroad at the expense of the common man. Since we refused to diversify back then when we had the money in excess why do we think diversifying our economy now when even our source of revenue is at its worst stage.
Come to think of it, imagine we never had
Oil, I believe we would have had other mineral resources to look at & depend on. Which to me would have been better of this black gold.
Now, Nigerians are insulting Buhari, but they forgot those that were in power back then. To me, Buhari is just so unlucky at the moment to want to govern us now at this perilous time. We know Buhari has the interest of this country at heart but our present situation has actually tied his hands. Our prayer is that God sees us through this trying times in this country and let God give Buhari the wisdom to lead us to the promised land he said he would during his election period.

It will be more accepted if you substitute leaders to oil .

Luckylife:
It will be more accepted if you substitute leaders to oil .

Believe u me that even a young boy of 8yrs in this country already has a corrupt mind set. He blivs he can make it by cheatin and makin a fortune out of pple that way. We messed up this country ourselves. Well it's nt too late to set thins ryt though. Better late than never.

Oil is a curse to our dear country.

But please, don't exonerate PMB, we are in this mess together, if the country gets better today, PMB takes the glory, if the country fails today, he also takes the "glory". Everything rises and falls under leadership.

opeaceo:
Oil is a curse to our dear country.

But please, don't exonerate PMB, we are in this mess together, if the country gets better today, PMB takes the glory, if the country fails today, he also takes the "glory". Everything rises and falls under leadership.

The economist around PMB are also not helping matters. Dt Min of Fin is not the ryt person for that post at all. He needs to change her fast.

DonBobes:
I have actually thought about this for a very long time now. Our oil that was initially thought as a form of blessing to me is actually a curse in disguise. Base on my own POV(point of view), our over dependent on this black gold has caused us lots and lots of problems. And worst of is that we had selfish and greedy leaders back then when this oil was seen as a source of revenue. They had the chance and power to diversify our economy but refused. These leaders kept eating stock piling their accounts abroad at the expense of the common man. Since we refused to diversify back then when we had the money in excess why do we think diversifying our economy now when even our source of revenue is at its worst stage.
Come to think of it, imagine we never had
Oil, I believe we would have had other mineral resources to look at & depend on. Which to me would have been better of this black gold.
Now, Nigerians are insulting Buhari, but they forgot those that were in power back then. To me, Buhari is just so unlucky at the moment to want to govern us now at this perilous time. We know Buhari has the interest of this country at heart but our present situation has actually tied his hands. Our prayer is that God sees us through this trying times in this country and let God give Buhari the wisdom to lead us to the promised land he said he would during his election period.

1. ....there are very many commentary on depreciation of ₦ nowadays expecially in parallel market, although parallel or black market can be manipulated by the traders, they either do it on their self interest, so those who doesn't beleive in the prosperity of nigeria can harbour $ as they can on imported goods hereby cause hike!
But in my own point of view the depreciation of ₦ is a great success to this nation if well manage to nigeria situation today. the looted fund is in $ and it must be refunded back in $, so if $1 is ₦198 when the money is looted, then if the money is refund today at $1 to ₦350 the nation has gained ₦152!
imagine if $1=₦1000, the gain is ₦902!
So in conclusion if the government managed to refund the $trillion looted and the refunded money, change it in parallel market, this will reduce the pressure on ₦ and the scarcity of $ in parallel market so the ₦=$.

(take note all the money took out of CBN during jonathan regime were changed in parallel market before ditributed)

you have other opinion?

2. ...2017 budget will beat record... ₦1 quadrillion!, all the social sectors will be substantially finance to trillions ₦, poverty will be completely eradicated and by the end of year 2018 Nigeria will be declared a developed state and classify one of the first three country in the index of human .
I know you will argue on how this can happen with the economics situation of today, low foreign reserve, low oil price, with depreciation of ₦.
yes oil price is down, foreign reserve is dry but we still have foreign looted fund reserve at hand! when recovered and well managed, it won't be problem to have money for this budget!
we can only pray that a $ hit ₦1000 and all $1 trillion looted recovered!
I know for sure that with the determination of this government and the support of foreign nation to help recovered all $ trillion looted it will happen.....$1 trillion recovered and change to ₦ will give us ₦1 quadrillion needed to financ that budget!
year 2017 bye bye to poverty!

3. ....OIL AND LFR
THE TWO MAIN MEANS OF INCOME FOR NIGERIA ECONOMY
.....with the determination of Nigeria president Buhari and the trust of of world leaders toward nigeria, from America, Eroupe, Asia and gulf nation the down price of oil and the rise in $ is not a corse to nigeria but a blessing.
Among the oil producing countries, and OPEC only nigeria have what other didn't, we have oil in common but nigeria have the looters as well, this opportunity raise nigeria above other oil nation and when all this country are frustrated with oil down price, nigeria have turn to her looted fund reserved to keep her economy running.
Nigeria is bless with oil and (LFR) looted fund reserve, when the oil price is down, the rise-up of dollar $ hike the value of our LFR, if government inject the LFR recovered on the economy, it will boot our economy!
at rate of $ to ₦ today if government managed to recovered $1 trillion LFR it will give us:

$1=₦400, $1trillion=₦400trillion!
I hereby challenge the Nigeria economists who insist that rising $ and downwards of oil price is a broke to nigeria economy to come-up for debate!
Note (LFR is looted fund reserve)

No need to ask.
Look at the so-called oil countries: Saudi Arabia, Venezuela, Nigeria, Iran, Kuwait.
Now look at dry, non-oil exporting countries: Japan, Brazil, Germany, South Africa, Italy, France.
Which list looks cursed and which one looks blessed?