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Nairaland Forum / Nairaland / General / Politics / How Nigeria’s Overdependence On Oil Revenue Increases Its Debt Profile (4959 Views)
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How Nigeria’s Overdependence On Oil Revenue Increases Its Debt Profile by milann: 10:00am On Apr 02, 2021 |
An overhaul of the NNPC’s operations is inevitable to position it for efficient and competitive business, leading to increased revenues accruable to the federation accountshttps://www.premiumtimesng.com/news/headlines/451383-analysis-how-nigerias-overdependence-on-oil-revenue-increases-its-debt-profile.html 1 Like
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Re: How Nigeria’s Overdependence On Oil Revenue Increases Its Debt Profile by habsydiamond(m): 10:08am On Apr 02, 2021 |
Agriculture as being the way forward, but the government is not doing anything towards that... Empower the youths and experienced farmers with the required machineries needed to move agriculture forward in this country... Only crude oil will not solve our problems ooo. Agriculture is the way forward.... some countries can not boast to have the resources we are blessed with yet they are far richer than us. It's only in Nigeria u will extract the crude oil as byproduct and sell it out to be refined when we have 3 refineries that can be repaired but because of greed they left the refineries at bad state and exporting the crude oil, buying the refined products back as high cost and making life difficult for the masses.. This is not fair at all. If there is no gain at something, u will never find a Nigerian there..... Which makes me think that some people are gaining from the suffering of the masses... I pray nemesis will catch up on them soonest 1 Like |
Re: How Nigeria’s Overdependence On Oil Revenue Increases Its Debt Profile by milann: 10:29am On Apr 02, 2021 |
NNPC is corrupt 2 Likes |
Re: How Nigeria’s Overdependence On Oil Revenue Increases Its Debt Profile by brosom(m): 10:29am On Apr 02, 2021 |
Nigeria as a nation have had visionless leaders right from the very first day of independence and still counting. I wonder what future will say to Nigeria when oil will be less valued nation wide.. 10 Likes |
Re: How Nigeria’s Overdependence On Oil Revenue Increases Its Debt Profile by DoctorDree(m): 10:30am On Apr 02, 2021 |
Make the oil just dry sef,maybe we go get sense do the right thing for ourselves,Budget just dey increase every year and poverty rate isn’t decreasing either....... |
Re: How Nigeria’s Overdependence On Oil Revenue Increases Its Debt Profile by Pavicx(m): 10:30am On Apr 02, 2021 |
Forget dividing this country for now Just share this country!!!!! Let's just collect like terms Now it's early, let all man go his way... 1 Like 1 Share |
Re: How Nigeria’s Overdependence On Oil Revenue Increases Its Debt Profile by Oyiboman69: 10:30am On Apr 02, 2021 |
We know the problem you idiots... The solution to this unending debacle is what we need...bunch of dunce...
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Re: How Nigeria’s Overdependence On Oil Revenue Increases Its Debt Profile by Llight101(m): 10:31am On Apr 02, 2021 |
K |
Re: How Nigeria’s Overdependence On Oil Revenue Increases Its Debt Profile by ec0malchemist(m): 10:31am On Apr 02, 2021 |
This is the resultant effect when you allow analog leaders man the affairs of a digital economy. What do you expect ? Agriculture, Crypto, Forex, Digital Media and Tourism should be looked as alternative ways to generate income for the dwindling economy. 3 Likes |
Re: How Nigeria’s Overdependence On Oil Revenue Increases Its Debt Profile by ictjobber: 10:32am On Apr 02, 2021 |
We are a race that believes the supreme God is white and the devil is black... A race that places greed above every other thing including patriotism. And for some reason some people still think say we get the mental capacity to run our own country.. I lol in swahili
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Re: How Nigeria’s Overdependence On Oil Revenue Increases Its Debt Profile by sulaiboy20(m): 10:34am On Apr 02, 2021 |
This country is not Balance. but we thought agriculture already replace oil. |
Re: How Nigeria’s Overdependence On Oil Revenue Increases Its Debt Profile by pickatyou1: 10:35am On Apr 02, 2021 |
I don't think it's over dependence on oil. It is our leaders corrupt and embezzling mindset that is the problem. Check my signature if you have a car and interested in installing a tracking device. It might interest you 1 Like |
Re: How Nigeria’s Overdependence On Oil Revenue Increases Its Debt Profile by Hugomexis(m): 10:35am On Apr 02, 2021 |
Over reliance on oil is killing this country.Why not diversify the economy into yahoo business? I mean,support up and coming yahoo boys by buying them laptops and offering welfare packages that will serve as incentive for them to rip their respective clients of massive funds. |
Re: How Nigeria’s Overdependence On Oil Revenue Increases Its Debt Profile by lexy2014: 10:35am On Apr 02, 2021 |
habsydiamond: If nigeria focuses on agriculture, how will our corrupt leaders chop? |
Re: How Nigeria’s Overdependence On Oil Revenue Increases Its Debt Profile by Codes151(m): 10:36am On Apr 02, 2021 |
That's not true. It's mismanagement. Fraud. Corruption. Nnpc is useless. Dpr doesn't even know it's need. These organizations are wayward. 1 Like |
Re: How Nigeria’s Overdependence On Oil Revenue Increases Its Debt Profile by paulolee(m): 10:37am On Apr 02, 2021 |
I remember seeing this same problem of overdependence of oil and the need to switch to agric sector on d pages of punch dailies right from when I was small and its decades gone and the problem still persist.. i have seen countless economic analysts voicing the need for Nigeria to diversify rom oil to other sectors but it seems the country is just filled with leaders that talk more and do less... maybe the change is a gradual one, maybe its a long term process but I dont think its good for a blessed country like us to keep depending on just oil because they are so many resources in d country. 1 Like |
Re: How Nigeria’s Overdependence On Oil Revenue Increases Its Debt Profile by LikeAking: 10:37am On Apr 02, 2021 |
Scament. They always have on excuse. Blah, blah,blah. |
Re: How Nigeria’s Overdependence On Oil Revenue Increases Its Debt Profile by Nobody: 10:37am On Apr 02, 2021 |
Nigerian Leaders will not hear this one to then anything that doesn’t speak to their greed is rubbish. Nigeria would have used oil as a tool to boost other areas of her economy and we would’ve been a force to contend with globally. But what we have today is a country being ruled by unforgiving backward minded overly religious And ironically hypocritical simps And buffons |
Re: How Nigeria’s Overdependence On Oil Revenue Increases Its Debt Profile by Nobody: 10:37am On Apr 02, 2021 |
NIGERIA IS A JOKE INCLUDING PEOPLE LIVING IN NIGERIA _____PHYSICALLY CHALLENGES PEOPLE LIVING IN NIGERIA FAR BETTER THAN NON PHYSICALLY CHALLENGE PEOPLE WHO HAVE SERIOUS MENTAL CHALLENGES____ NO REFINERY WORKING AND NIGERIAN ARE OK WITH !!! |
Re: How Nigeria’s Overdependence On Oil Revenue Increases Its Debt Profile by Nobody: 10:38am On Apr 02, 2021 |
Fulani herdsmen, bandits, oil spillage and terrorism are the major concerns of agriculture. Until the government fix this we are going no where in agricultural sector |
Re: How Nigeria’s Overdependence On Oil Revenue Increases Its Debt Profile by Elsueno: 10:39am On Apr 02, 2021 |
brosom: Nope, actually during early independence we had some of the best and most incorruptible leaders in Africa, Highly educated too. Till the military & thier dunder heads decided to do coup, screw everything up & kill them all. In all seriousness, d military usher in the era of corruption in Nigeria 1 Like |
Re: How Nigeria’s Overdependence On Oil Revenue Increases Its Debt Profile by wink2015(m): 10:39am On Apr 02, 2021 |
Buhari is talking about GAS OPPORTUNITIES all to drain the Niger Delta region. |
Re: How Nigeria’s Overdependence On Oil Revenue Increases Its Debt Profile by Duplexxx: 10:40am On Apr 02, 2021 |
Wen una don looted all the oil money finish What are you expecting left ZERO NNPC my ASS |
Re: How Nigeria’s Overdependence On Oil Revenue Increases Its Debt Profile by Dymaco(m): 10:43am On Apr 02, 2021 |
The problem of Nigeria no dey finish at all. Nigeria is a country that have everything in abundance yet their short sightedness, greediness or corruption will never allow them to utilize it. Do you know how much custom and seaport will benefit us if we invest in making all our 80% efficient. Even if the government don't have resources to do build seaports or manage one, why can't they just form or grant 20 years BOB to investors who are willing to invest. Custom alone can generate at least 3 trillion naira to Nigeria if manage efficiently. |
Re: How Nigeria’s Overdependence On Oil Revenue Increases Its Debt Profile by oie(m): 10:48am On Apr 02, 2021 |
Interested in learning a programming language...see my signature.... |
Re: How Nigeria’s Overdependence On Oil Revenue Increases Its Debt Profile by younglleo: 10:48am On Apr 02, 2021 |
Can someone pls help me out on this Nairaland!!!! |
Re: How Nigeria’s Overdependence On Oil Revenue Increases Its Debt Profile by bigdammyj: 10:49am On Apr 02, 2021 |
Noted |
Re: How Nigeria’s Overdependence On Oil Revenue Increases Its Debt Profile by habsydiamond(m): 10:50am On Apr 02, 2021 |
lexy2014:the corrupt leaders are the sole reason why this country has remained stagnant since the 60s.... Only God can save us from their hands |
Re: How Nigeria’s Overdependence On Oil Revenue Increases Its Debt Profile by Tcwork: 10:55am On Apr 02, 2021 |
habsydiamond:I always disagree whenever I see people pointing to agriculture as solution to Nigerians economic problems. Did you know that more than 1 out of every 3 employed Nigerians is in the agricultural sector? That is already too much. Did you know that both this administration and the last spent billions in rice cultivation yet we remain rice dependent and the cost of rice keeps going up? Also not a single developed country has agriculture as the main stay of its economy. What we need is less corruption, a free market economy and an economy that isn't dependent on a single sector.. We need agriculture, oil, mining, manufacturing, high tech and the service sector. Let's stop making the same mistake by thinking that government should invest or empower anybody. Instead let us encourage a free market. Let people, private citizens and businesses invest. Let's make it easier for competition and growth. Let government stop wasting our money in the name of giving loans to farmers.we waste billions each year doing that. Let government instead tackle corruption and the ease of doing business and infrastructure. Then they can leave agriculture and other businesses to investors. 1 Like 1 Share |
Re: How Nigeria’s Overdependence On Oil Revenue Increases Its Debt Profile by Tcwork: 11:03am On Apr 02, 2021 |
Elsueno:Our 1960 leaders were equally corrupt and inefficient. There was nothing amazing about their style of governance. They couldn't even agree on how to move the country foward. Just 3 years into independence, the country was already embedded in crisis. Funny, in our anthem, we sing, the labour of our heroes past shall never be in vain. But as a country do we even have heros? Definitely not among our leaders and politicians past and present. We give praise to men who failed their country. Soon after the British left, nepotism, tribalism and corruption took over. Our 1960 leaders build that evil foundation that is affecting us till today 3 Likes |
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