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Nairaland Forum / Nairaland / General / Politics / A Wealth Of Sorrow: Why Nigeria’s Abundant Oil Reserves Are Really A Curse (11268 Views)
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A Wealth Of Sorrow: Why Nigeria’s Abundant Oil Reserves Are Really A Curse by GodHatesBigots(m): 5:36pm On Nov 09, 2021 |
It is known as the resource curse: assets that should bring wealth and stability but instead lead to corruption and poverty. And for Nigeria, oil is the culprit. https://www.theguardian.com/global-development/2021/nov/09/a-wealth-of-sorrow-why-nigerias-abundant-oil-reserves-are-really-a-curse 6 Likes 1 Share |
Re: A Wealth Of Sorrow: Why Nigeria’s Abundant Oil Reserves Are Really A Curse by Nobody: 6:16pm On Nov 09, 2021 |
Very true. Dutch disease or resource curse. But the problem is, manufacturing isn't popular in Nigeria for some reason. We all want to import and sell the imports. 21 Likes 2 Shares |
Re: A Wealth Of Sorrow: Why Nigeria’s Abundant Oil Reserves Are Really A Curse by LoveTalk(f): 8:31pm On Nov 09, 2021 |
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Re: A Wealth Of Sorrow: Why Nigeria’s Abundant Oil Reserves Are Really A Curse by ZendayaColeman(f): 8:31pm On Nov 09, 2021 |
Very true |
Re: A Wealth Of Sorrow: Why Nigeria’s Abundant Oil Reserves Are Really A Curse by Hemanwel(m): 8:31pm On Nov 09, 2021 |
The status quo will remain for a very looooong time! The youths who are supposed to change the narratives are still debating who to vote between Atiku and Tinubu in 2023. Can you imagine?? Atiku and Tinubu of all people! Who did this to us, for Pete's sake? 24 Likes 1 Share |
Re: A Wealth Of Sorrow: Why Nigeria’s Abundant Oil Reserves Are Really A Curse by Kiddinpoh(m): 8:32pm On Nov 09, 2021 |
Aptly put |
Re: A Wealth Of Sorrow: Why Nigeria’s Abundant Oil Reserves Are Really A Curse by PheelzAlmighty: 8:32pm On Nov 09, 2021 |
Nigeria is a joke |
Re: A Wealth Of Sorrow: Why Nigeria’s Abundant Oil Reserves Are Really A Curse by affable4(m): 8:32pm On Nov 09, 2021 |
Greed, corruption, irresponsible and leaders without vision 3 Likes |
Re: A Wealth Of Sorrow: Why Nigeria’s Abundant Oil Reserves Are Really A Curse by Dauraking: 8:32pm On Nov 09, 2021 |
Nigeria’s crude oil is not called Devil’s Excreta for nothing. 8 Likes 1 Share |
Re: A Wealth Of Sorrow: Why Nigeria’s Abundant Oil Reserves Are Really A Curse by spinna: 8:32pm On Nov 09, 2021 |
Re: A Wealth Of Sorrow: Why Nigeria’s Abundant Oil Reserves Are Really A Curse by HarryDuce(m): 8:33pm On Nov 09, 2021 |
Nigeria has never been "prosperous", "on the right path" or "organised" in her life time. When talking about oil curse, note that without the oil, things would've taken a sinister path instead. Crude oil has been more of a blessing than a curse regardless of the present situation of things. Nigeria is also not petrol dollar "rich". Compare the population of countries feeding off crude oil to that of Nigeria and you'll notice that they're nowhere close to ours and crude oil has been our life line for a little over 50 years. The question is what has the North, West and East been doing all these years? List of countries by Revenue from crude oil below 3 Likes
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Re: A Wealth Of Sorrow: Why Nigeria’s Abundant Oil Reserves Are Really A Curse by Promosaver: 8:33pm On Nov 09, 2021 |
Nice topic for the day � 1 Like |
Re: A Wealth Of Sorrow: Why Nigeria’s Abundant Oil Reserves Are Really A Curse by edgell(m): 8:33pm On Nov 09, 2021 |
Never knew Botswana and DRC has huge export oil. |
Re: A Wealth Of Sorrow: Why Nigeria’s Abundant Oil Reserves Are Really A Curse by Saskay44: 8:34pm On Nov 09, 2021 |
Ok |
Re: A Wealth Of Sorrow: Why Nigeria’s Abundant Oil Reserves Are Really A Curse by Mindlog: 8:34pm On Nov 09, 2021 |
Greed. |
Re: A Wealth Of Sorrow: Why Nigeria’s Abundant Oil Reserves Are Really A Curse by Sonnobax15(m): 8:34pm On Nov 09, 2021 |
I don't think this country will ever get better...... Imagine my popsman wey enter bus from Abuja to takpe rain station in Kogi state...On reaching there,after paying for train tickets,they were later informed that the train was having a technical fault . Just imagine the rubbish......So there's nothing positive that one can proudly say about this country? . Everything na just scatter scatter 8 Likes 3 Shares |
Re: A Wealth Of Sorrow: Why Nigeria’s Abundant Oil Reserves Are Really A Curse by Nobody: 8:35pm On Nov 09, 2021 |
The main thing now is insecurity..pls human live is more important than oil..if Dem like make Dem die ontop the oil matter.. People dey die daily from insecurity.. 1 Like |
Re: A Wealth Of Sorrow: Why Nigeria’s Abundant Oil Reserves Are Really A Curse by DrChukki: 8:35pm On Nov 09, 2021 |
U |
Re: A Wealth Of Sorrow: Why Nigeria’s Abundant Oil Reserves Are Really A Curse by Omicron007: 8:36pm On Nov 09, 2021 |
Nigeria discovered oil before Dubai, UAE. Lemme not say anything further... |
Re: A Wealth Of Sorrow: Why Nigeria’s Abundant Oil Reserves Are Really A Curse by Jonah507(m): 8:36pm On Nov 09, 2021 |
Read up my M Sc thesis titled: Dutch disease: the Nigerian Experience. Modified: It's quite unfortunate, I didn't publish it |
Re: A Wealth Of Sorrow: Why Nigeria’s Abundant Oil Reserves Are Really A Curse by Soukiss(m): 8:36pm On Nov 09, 2021 |
9jerian my con3 |
Re: A Wealth Of Sorrow: Why Nigeria’s Abundant Oil Reserves Are Really A Curse by Guyman02: 8:36pm On Nov 09, 2021 |
Our Oyelists should give us their opinion on this topic, they were sold a Taqiya and made to believe that their close Igbo neighbours were after their Oyel even when major parts of Igboland are rich in oil by Fulanis from Futa Jalon who inhabit arid parts of the geographical contraption (Awolowo) but were smart enough to show loyalty to the British and successfully made Our Oyelists and other tribes to fight their war which I see as a crisis between Igbos and Fulanis resulting from the coup that eliminated key leaders of the Futa Jalonists dubbed falsely as 'Igbo coup' by British media. Everyone should have stood aside and allow the Igbos and Fulanis to square it out on a level playing field . Today while the habitat and ecosystems of Our Oyelists have been destroyed to a large extent, the Futa Jalonists are using the proceeds to connect their cousins in Niger Republic with modern railway while their son is still looking for money to rehabilitate the narrow gauge built by the colonialists before independence. While the oil is like a curse to our Oyelists, it's more like a blessing to Futa Jalonists 8 Likes 1 Share |
Re: A Wealth Of Sorrow: Why Nigeria’s Abundant Oil Reserves Are Really A Curse by iamyemiakins(m): 8:36pm On Nov 09, 2021 |
Oyel money |
Re: A Wealth Of Sorrow: Why Nigeria’s Abundant Oil Reserves Are Really A Curse by Iliveforever(m): 8:37pm On Nov 09, 2021 |
Because the people (Niger deltans) that has the oil are the most dumb set of humans in the country. All they know is take oil and give us money monthly then we can drink ourselves to stupor, instead of requesting a serious development in return. If the request the latter, the northerners won’t be getting that amount of money they’re getting and I’m sure they would sit up and develop themselves... And besides tinubu won’t have a lot of money to pay his thugs. Only the easterners don’t benefit from it and we’re not depending on it as well. This country is like a worn-out cloth 8 Likes |
Re: A Wealth Of Sorrow: Why Nigeria’s Abundant Oil Reserves Are Really A Curse by Aconomy: 8:37pm On Nov 09, 2021 |
Amalgamation is the worst catastrophe to ever happen to southern nigeria 5 Likes |
Re: A Wealth Of Sorrow: Why Nigeria’s Abundant Oil Reserves Are Really A Curse by hedonido: 8:37pm On Nov 09, 2021 |
Obviously. But wealth is not the problem. Oil is not the problem. After all, there is oil rich Norway. There is oil rich Qatar. We Nigerians (and even Africans generally, e.g. Angola and Equatorial Guinea) as a people are the problem. Useless bunch. 6 Likes 2 Shares |
Re: A Wealth Of Sorrow: Why Nigeria’s Abundant Oil Reserves Are Really A Curse by Nobody: 8:37pm On Nov 09, 2021 |
Sad one |
Re: A Wealth Of Sorrow: Why Nigeria’s Abundant Oil Reserves Are Really A Curse by ivolt: 8:38pm On Nov 09, 2021 |
Another article that explains nothing. It regurgitates ignorant explanations that have little to do with reality. 1 Like |
Re: A Wealth Of Sorrow: Why Nigeria’s Abundant Oil Reserves Are Really A Curse by sofiscatedmoron: 8:38pm On Nov 09, 2021 |
Divide the country let Igbo speaking tribes go with their oil, and Yoruba go with theirs as well, and also the rest of Niger deltas go with theirs as well, All these forced relationship won't help anyone 4 Likes |
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