Brainless guy! Saudi no get oil

nairalee:
Why didn't other oil exploring countries have this same problem?



BECAUSE

WE

DON'T

HAVE

SENSE

because those at the helm of affairs do not have sense,not we pls

nairalee:
Why didn't other oil exploring countries have this same problem?



BECAUSE

WE

DON'T

HAVE

SENSE

Lol, Nigerians are naturally lazy, poor in creativity, we think hardwork means strength. No. We are mentally lazy.

what a stupid excuse? why are countries like kuwait and dubai not having the same problems, coming from a cbn.governor this is most unfortunate, he is just there to create another venezuela here.

TRIGITIS:

Don't be in a hurry to make comment, at least space booking is allowed.

What are the visible results?

nairalaila:
The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has stated that oil discovery exposed Nigeria’s economy to vulnerability. According to the CBN boss, the increasing reliance on crude oil revenues have led to a severe downturn in the agriculture and manufacturing sectors, and also exposed the economy to vulnerabilities that normally accompanied an increased dependence on a single commodity for survival.

Emefiele who disclosed that oil discovery exposed Nigeria’s economy to vulnerability, further revealed in his economic blueprint for the economy for the next five years that if Nigeria had maintained its market dominance in the palm oil industry, which stood at 40 per cent in the 70s, the country would be earning above $20bn annually from the cultivation and processing of palm oil today.

“Our situation is further worsened by the unpatriotic activities of some unscrupulous individuals and businesses who embarked on massive smuggling and dumping of goods that can be produced in the country, thus leading to the demise of our agricultural and manufacturing sectors and hence the attendant high level of unemployment" he said.

He further revealed that the CBN has been deploying intervention funds to support growth and productivity in the agricultural and manufacturing sectors, and have also restricted access to foreign exchange on 43 items. 


https://unclesuru.com/2019/06/26/oil-discovery-exposed-nigerias-economy-to-vulnerability-emefiele/

WHAT ABOUT THE NORTH?

WHAT ARE THEY CONTRIBUTING TO THE AGRICULTURAL SECTOR?

THEY ARE NOT SERIOUS WITH THEIR FARMING !

nairalaila:
The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has stated that oil discovery exposed Nigeria’s economy to vulnerability. According to the CBN boss, the increasing reliance on crude oil revenues have led to a severe downturn in the agriculture and manufacturing sectors, and also exposed the economy to vulnerabilities that normally accompanied an increased dependence on a single commodity for survival.

Emefiele who disclosed that oil discovery exposed Nigeria’s economy to vulnerability, further revealed in his economic blueprint for the economy for the next five years that if Nigeria had maintained its market dominance in the palm oil industry, which stood at 40 per cent in the 70s, the country would be earning above $20bn annually from the cultivation and processing of palm oil today.

“Our situation is further worsened by the unpatriotic activities of some unscrupulous individuals and businesses who embarked on massive smuggling and dumping of goods that can be produced in the country, thus leading to the demise of our agricultural and manufacturing sectors and hence the attendant high level of unemployment" he said.

He further revealed that the CBN has been deploying intervention funds to support growth and productivity in the agricultural and manufacturing sectors, and have also restricted access to foreign exchange on 43 items. 


https://unclesuru.com/2019/06/26/oil-discovery-exposed-nigerias-economy-to-vulnerability-emefiele/

Go and tell this to your boss president Buhari.
So long as oil money is received to sustain govt, Buhari believes all is well with Nigeria.

He is the oil minister. It's still hard to see why Buhari has not replaced you with an IMAM from Sokoto Caliphate in his wild goose chase for Nigeria to become Fulani Caliphate.

99% FACT with Greedy, Bad and Corrupt Leadership contributing to the remaining 1%.

daddytime:
Na yesterday dem discover the oil abi

The same oil no expose UAE, Saudi and the like to vulnerability that'd prevent them from impacting the lives of their citizens and indeed a country with proceeds from this same oil.

Neanderthals

Na so so textbook English dem sabi blow. Tell dem to conjure their own grammar, nepa go take light fiaaaam

Arthdal Chronicles

Skills10:



Intelligent. You are very correct. I agree with you

Thanks dear

nairalaila:
The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has stated that oil discovery exposed Nigeria’s economy to vulnerability. According to the CBN boss, the increasing reliance on crude oil revenues have led to a severe downturn in the agriculture and manufacturing sectors, and also exposed the economy to vulnerabilities that normally accompanied an increased dependence on a single commodity for survival.

Emefiele who disclosed that oil discovery exposed Nigeria’s economy to vulnerability, further revealed in his economic blueprint for the economy for the next five years that if Nigeria had maintained its market dominance in the palm oil industry, which stood at 40 per cent in the 70s, the country would be earning above $20bn annually from the cultivation and processing of palm oil today.

“Our situation is further worsened by the unpatriotic activities of some unscrupulous individuals and businesses who embarked on massive smuggling and dumping of goods that can be produced in the country, thus leading to the demise of our agricultural and manufacturing sectors and hence the attendant high level of unemployment" he said.

He further revealed that the CBN has been deploying intervention funds to support growth and productivity in the agricultural and manufacturing sectors, and have also restricted access to foreign exchange on 43 items. 


https://unclesuru.com/2019/06/26/oil-discovery-exposed-nigerias-economy-to-vulnerability-emefiele/

That's what you get when the source is not effectively managed by the constituted authority, stealing every now and then and you expect the economy to grow like a planted corn. if planted corn is not well watered it will grow stunting, mismanagement is killing us as a country.

That’s not true! It’s greed and corruption

This CBN governor is just like bubu's mouthpiece. Always regurgitating cheap bites. He has not laid out policies to combat inflation. That one no concern am. Interest rate nko? Mbanu. Na oyel and a crooked anchor borrower scheme he carry for dat him shiny head like gala.
Other CBNs in the world are looking to strengthen e-payment systems while we're still having to pay through the nose for online transactions

I heard he's planning to recapitalise banks.
This means corporate oloshoism will increase in the banking sector very soon
Our alhajis go soon dey get fresh AC weathered kpekus soon.
This man and his love for being a boy boy to the northern cabal sha

nairalee:
Why didn't other oil exploring countries have this same problem?



BECAUSE

WE

DON'T

HAVE

SENSE

SIMPLE

Only in Nigeria is oil a curse, other countries oil is a blessing.

Crude oil, huge gas reserves. We still import petroleum products and no electricity. It shows Nigerian leaders over the years didn't have any foresight.

jacinthe:
Thanks dear