davodyguy:
To answer some critics, unfortunately we still have to rely on oil to survive.

OBJ and Jonathan had the chance to diversify but they didn't do that.

Under Buhari, it would be difficult to diversify without first stabilizing the economy which not stable at the moment and earning is very poor at the moment.

We got into recession in 2016 due to oil price dropping and in 2017 we got out of recession due to oil price rising.

We still have a very fragile economy. They need to fix infrastructure first and when there's savings, they can then look at other non oil sector for income.

Fix electricity. : It's only oil revenue that can fix this capital intensive infrastructure

Fix roads: It's only oil revenue that can fix this capital intensive infrastructure

Fix rail lines: It's only oil revenue that can fix this capital intensive infrastructure

Increase number of cargo delivery Ports.

Once above are done, Agriculture would come up. But for now, you need oil money badly

Nigeria witnessed the height of diversification during GEj and OBJ's administration. Even PMB can attest to that. PMB is all noise no substance. He's much touted rice productions have all been busted. We import more rice than we ever have imported. So where PMB's diversification of the economy coming from?

What of all the so called billions and trillion recovered by jamb, fris, custom, immigration, police, efcc, road safety, civil defence, nysc, nrtwa, cbn, etc?

Those ones are for looting abi? Useless leaders.

nigeria only depend on south south and south east oil,why north reserve there resources and south west reserve there coco then base on other peoples own

lomprico:
What of all the so called billions and trillion recovered by jamb, fris, custom, immigration, police, efcc, road safety, civil defence, nysc, nrtwa, cbn, etc?

Those ones are for looting abi? Useless leaders.

Stfu. Na Jonathan useless pass. How did you think our reserves rose from 28b dollars to 43b dollars?

Now, the naira is rising to 305 per a dollar.

educhigo:
nigeria only depend on south south and south east oil,why north reserve there resources and south west reserve there coco then base on other peoples own

Sw got more oil than Se. Read up.

diadem10:

Stfu. Na Jonathan useless pass. How did you think our reserves rose from 28b dollars to 43b dollars?

Now, the naira is rising to 305 per a dollar.

Mumu goat!

Racoon:
Oil prices are naturally unsteady so unpredictable. Meanwhile, the cost of petrol will still be high in Nigeria while APC government subsidy will continue to boost

I concur

educhigo:
nigeria only depend on south south and south east oil,why north reserve there resources and south west reserve there coco then base on other peoples own

we have 10 oil producing states, south east has two, south west has two, the rest six is south south, so stop shouting south east as part of oil producing states while removing south west. and before you start calling me names, I am from Rivers state, no2 top oil producing states after Akwa ibom

we hope nigeria economy oil market stable to all this oil bit increase even the economy in nigeria on oil market is capsizeing already.......

Should the Oil price and its fluctuation always affect the Nigerian budget. I thought we were diversifying...


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Shelumiel:
A foolish country will keep relying on crude oil for its existence. But one day na one day and that crude will be obsolete...then will see how this pathetic nation will survive

the way we survived before oil

mikolo80:
the way we survived before oil

...you gotta be joking !

VaselineCrew:
Always just hoping on oil.

I mean I understand that Oil is the mainstay of our economy as at now, but should it remain the same? Should we be held at the mercy of capricious oil prices forever?

It is not the mainstay of our econom
It is only mainstay of politicians and civil servants.

I'm sure Labor in Nigeria is cheaper than China, so how come Global Corporations haven't moved operations to Nigeria? Does our illiteracy rate have something to do with this?

Perfect stop you from building one or two

There are so many other things Nigeria has to offer to be able to generate income rivaling that of Oil sales, but it seems once money is coming in from somewhere (oil in this case), we just get complacent and never bother exploring and exploiting other forms of income.

nothing stops you from exploiting and exploring

Shelumiel:
...you gotta be joking !

we survived 400 years of slavery
We can survive without oil
It's politicians and civil servants (less than 5% of population) that will tighten their belts

mikolo80:
we survived 400 years of slavery
We can survive without oil
It's politicians and civil servants (less than 5% of population) that will tighten their belts

In what way do you expect to survive when your country is solely dependent on crude oil for its survival (and don't tell me mining , because it's 0.3% of our export )?

cenaman:
i wish we were in the time of &120 per barrel, buhari would have turn this country to a very powerful country like USA or RUSSIA. with the little resources available u can see the kind of infastructure he has laid.

sorry my friend...for a person like buhari 120 per barrels sounds like more cows in every state...!!! but then he is clueless and a good man who has learned corruption

Shelumiel:
In what way do you expect to survive when your country is solely dependent on crude oil for its survival (and don't tell me mining , because it's 0.3% of our export )?

our govt and politicians are solely dependent on oil, not the masses
Oil is like 12%
That leaves over 82% of survival reserve
A ma wa alright laslas

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