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Nairaland Forum / Nairaland / General / Politics / Dependence On Oil, Nigeria's Costly Mistake - President Buhari (663 Views)
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Dependence On Oil, Nigeria's Costly Mistake - President Buhari by NadinePost(f): 3:53pm On May 28, 2016 |
Apart from the adverse impact of the instability in the oil market on the nation's foreign earnings- the scarce foreign currencies, especially the United States dollar, which has forced federal government through the Central Bank of Nigeria (CBN) to discourage importation, particularly of goods that could be produced locally. Our over reliance on crude oil as the primary export commodity and foreign exchange earner, Nigeria’s reputation of being the largest economy in Africa is worth nothing if the country perpetually remains a consumer nation, without working on how to diversify our economy to achieve self-dependency, through encouraging production of local products. A growing economy without job creation and poverty reduction may have adverse effect on country’s living condition, with no impact on poor people’s ability to part of growth opportunity. Countries who continue to run their economy with a mono product are vulnerable to stocks due to volatility of global oil prices, the World Bank has warned. President Muhammadu Buhari addressed this pressing issue in Abuja that, Nigeria made a terrible mistake by becoming a mono-product economy hinged on oil... Read the full report >>>>>>http://nadinepost..com/2016/05/dependence-on-oil-nigerias-costly.html |
Re: Dependence On Oil, Nigeria's Costly Mistake - President Buhari by BUHARIISCURSED(m): 3:56pm On May 28, 2016 |
his eyes are wide open all thanks to NIGERIA DIRECTORATE ACADEMY Only the wise understand the ^^^^^^^^^^^^^^^^^ 4 Likes |
Re: Dependence On Oil, Nigeria's Costly Mistake - President Buhari by castrokins(m): 3:56pm On May 28, 2016 |
What Kind Of Sauce Is This? Na Dollar Still Cause This One? 1 Like |
Re: Dependence On Oil, Nigeria's Costly Mistake - President Buhari by Tintinnoty(m): 3:59pm On May 28, 2016 |
This is visible for even the blind to see 1 Like |
Re: Dependence On Oil, Nigeria's Costly Mistake - President Buhari by ShineuEye: 4:19pm On May 28, 2016 |
Buhari no get sense. Oil is nothing yet you're spending billions looking for oil in chad basin. 2 Likes |
Re: Dependence On Oil, Nigeria's Costly Mistake - President Buhari by Proudlyngwa(m): 4:24pm On May 28, 2016 |
Even though I am a beneficiary of the oil industry, I pray crude falls to five dollars per barrel, so that we can all tap into my favourite slogan. Necessity is the mother of invention. 4 Likes |
Re: Dependence On Oil, Nigeria's Costly Mistake - President Buhari by oduastates: 4:57pm On May 28, 2016 |
And wtf are you doing about it. There are step that can be taken right now to change this oil dependent economy |
Re: Dependence On Oil, Nigeria's Costly Mistake - President Buhari by incomintop: 5:02pm On May 28, 2016 |
mr president is not too late just tell the soldiers to liv niger delta and ask your Fulani brothers danjuma to close their oil company in Niger delta 2 Likes |
Re: Dependence On Oil, Nigeria's Costly Mistake - President Buhari by ckmayoca: 5:07pm On May 28, 2016 |
Common tomato pest you can't control, herdmen killing farmers u can't handle, rice production not even enough to crash it's price so what blame r u putting on oil now? 1 Like |
Re: Dependence On Oil, Nigeria's Costly Mistake - President Buhari by HammerTheirPapa(f): 5:18pm On May 28, 2016 |
You are now blaming oil for your woes. The same crude oil you killed 3 million people to steal. God punish you there! 1 Like |
Re: Dependence On Oil, Nigeria's Costly Mistake - President Buhari by Abeymills(m): 5:34pm On May 28, 2016 |
Here goes d most clueless fantastically corrupt president so old has his brain yeye govt |
Re: Dependence On Oil, Nigeria's Costly Mistake - President Buhari by timibofa1: 6:28pm On May 28, 2016 |
Buhari you are a disgrace to Nigeria. If u knew this why don't u make ursef minister of Agriculture and Cow so u reviv d sector been a cattle rearer that u are. It's clear ur illiteracy is playing out. 1 Like |
Re: Dependence On Oil, Nigeria's Costly Mistake - President Buhari by mrvitalis(m): 6:34pm On May 28, 2016 |
Ok |
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