If Oil Disappeared Tomorrow, What Would Nigeria Export? Do Politicians Care? - Politics - Nairaland
Nairaland Forum › Nairaland General › Politics › If Oil Disappeared Tomorrow, What Would Nigeria Export? Do Politicians Care? (366 Views)
| If Oil Disappeared Tomorrow, What Would Nigeria Export? Do Politicians Care? by WiseBizInvestor(op): 8:44pm On Mar 27 |
If Oil Disappeared Tomorrow, What Would Nigeria Export? Nigeria’s economy has depended heavily on crude oil for decades. But oil markets are changing rapidly. Global energy systems are evolving. Some countries are already planning for a future where fossil fuel demand declines. This raises a serious question: If oil revenues reduced significantly tomorrow, what sectors could Nigeria rely on for export income? Historically, Nigeria exported large quantities of agricultural commodities like: ✅Cocoa ✅Palm produce ✅Groundnuts Countries that later focused heavily on these sectors built enormous agricultural export industries. Today, global demand for food and agricultural products continues to grow as the world population increases. Perhaps one of Nigeria’s biggest untapped opportunities still lies in agriculture. The question is whether the country is ready to seriously rebuild that sector again. What do you think? Should agriculture become Nigeria’s next major export industry? Let's have your comments below and you can check my signature 👇 |
| Re: If Oil Disappeared Tomorrow, What Would Nigeria Export? Do Politicians Care? by gidgiddy: 10:50pm On Mar 27 |
Oil will eventually disappear, its an accet that only diminishes with time. Beyond that, the world is moving beyond fossil fuels to renewable energy. 2035 has been set for a date no more petrol or diesel cars will be produced, that's less than 10 years time. The developed word is now looking at electric cars, Solar powered homes, wind powered turbines and hyro-electricity. Do you know that some cars now run on vegetable oil? Oil is fading away but the biggest regret of oil and Nigeria is that having oil is actually what made Nigeria poor Oil and gas never makes a country rich. Oil and gas only gives the resources to try and become rich. Most of the rich countries of the world have no oil. Thats why when I see Nigerians talking about Oil, I laugh. If 70 years of oil exploration has not made you a rich a country, do you think its now Oil is being phased out you will get anywhere? Some countries like Egypt are making more from tourism than you make in oil Some countries like Netherlands are making more in agricultural exports than you make in oil exports Some countries like South Korea are making more in electronic exports than you make in oil Switzerland of is making more in banking and financial products than you make in oil A small country like Singapore, just the size of Lagos, with a population of 7 million people, has a bigger GDP than Nigeria, they have no oil But Nigerians are still fixated on oil that got them no where in 70 years Its a tragedy 3 Likes |
| Re: If Oil Disappeared Tomorrow, What Would Nigeria Export? Do Politicians Care? by allthingsgood: 11:05pm On Mar 27 |
Why should politicians only be the ones to care? You too what are U producing  2 Likes |
| Re: If Oil Disappeared Tomorrow, What Would Nigeria Export? Do Politicians Care? by Christistruth00: 11:07pm On Mar 27 |
Natural Gas is also abundant 2 Likes |
| Re: If Oil Disappeared Tomorrow, What Would Nigeria Export? Do Politicians Care? by lawani(m): 7:20am On Mar 28*. Modified: 7:36am On Mar 28 |
Nigeria exports many things including farm produce, Nollywood and even manufactured products. What is important however is to earn forex and we have remittances. Oil is not very significant for Nigeria as a forex earner. It is only significant as a source of government revenue but last year it was around 45 percent and this year I don't think it will be more than twenty percent.
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| Re: If Oil Disappeared Tomorrow, What Would Nigeria Export? Do Politicians Care? by WiseBizInvestor(op): 12:05pm On Mar 28 |
👌👍🏽 Christistruth00: |
| Re: If Oil Disappeared Tomorrow, What Would Nigeria Export? Do Politicians Care? by WiseBizInvestor(op): 12:13pm On Mar 28 |
allthingsgood:Fair point. Nation-building isn’t reserved for politicians alone. Every citizen contributes within their capacity, whether through enterprise, agriculture, innovation, or skills that create value and reduce dependence on imports. My focus is on productive investments in agriculture, particularly scalable ventures that can generate export value and sustainable income, while encouraging more people to think beyond consumption toward ownership and production. |
| Re: If Oil Disappeared Tomorrow, What Would Nigeria Export? Do Politicians Care? by christejames(m): 12:15pm On Mar 28 |
Nigeria will export politicians, we have them in quantum, the most lucrative industry in the CORNtree 🌽, those already in this industry don't know any other means of making money... Lots of Tinupoo to be exported so don't worry  |
| Re: If Oil Disappeared Tomorrow, What Would Nigeria Export? Do Politicians Care? by WiseBizInvestor(op): 12:17pm On Mar 28 |
You’re right Nigeria has diversified export streams, including agriculture, entertainment, and some manufacturing. Remittances also play a key role in supporting forex inflows and stabilising the economy. However, reliance on remittances isn’t a substitute for strong, scalable export sectors. Sustainable forex growth comes from consistent production, value addition, and competitive global positioning. That’s why expanding structured agricultural exports like cocoa and oil palm remains critical for long-term resilience. lawani: |
| Re: If Oil Disappeared Tomorrow, What Would Nigeria Export? Do Politicians Care? by lawani(m): 12:27pm On Mar 28 |
WiseBizInvestor:Yes I agree with you but the people sending remittances from abroad would have been the ones producing things for export if they had stayed back. You can't eat your cake and have it. If 30 million Americans were abroad it would tell on their economy negatively. It is a real shame that a country like Ghana exports more farm produce than Nigeria |
| Re: If Oil Disappeared Tomorrow, What Would Nigeria Export? Do Politicians Care? by WiseBizInvestor(op): 12:35pm On Mar 28 |
You're on point with that... It's another valid view of the situation you've raised here —migration does affect domestic production capacity, especially when skilled and enterprising individuals leave in large numbers. The opportunity cost to the local economy is real. That said, diaspora and domestic production don’t have to be mutually exclusive. With the right structures, capital, and incentives, those abroad can still participate in productive sectors back home. Countries that succeed often leverage diaspora investment into agriculture and exports. It’s more about systems than just presence. That’s where structured, scalable agribusiness models can bridge the gap and drive consistent export growth. lawani: |
| Re: If Oil Disappeared Tomorrow, What Would Nigeria Export? Do Politicians Care? by lawani(m): 12:42pm On Mar 28 |
WiseBizInvestor:You seem to have big dreams. There are organisations in Nigeria with huge investible funds from the diaspora. Like GTCo, First bank Holdings, FCMB pensions etc. They can and will certainly fund any well-written proposal. They can potentially raise billions of dollars. They are all looking for partners. Approach them with your proposals |
| Re: If Oil Disappeared Tomorrow, What Would Nigeria Export? Do Politicians Care? by WiseBizInvestor(op): 9:38am On Mar 29 |
Sustainable forex growth comes from consistent production, value addition, and competitive global positioning. That’s why expanding structured agricultural exports like cocoa and oil palm remains critical for long-term resilience. |
| Re: If Oil Disappeared Tomorrow, What Would Nigeria Export? Do Politicians Care? by FSBoperator: 9:45am On Mar 29 |
We will restart slave trade and sell those local fowls to thei rmasters in Israel 1 Like |
| Re: If Oil Disappeared Tomorrow, What Would Nigeria Export? Do Politicians Care? by WiseBizInvestor(op): 2:51pm On Mar 29 |
WiseBizInvestor: |
| Re: If Oil Disappeared Tomorrow, What Would Nigeria Export? Do Politicians Care? by WiseBizInvestor(op): 11:22am On Mar 30 |
Sustainable forex growth comes from consistent production, value addition, and competitive global positioning. |
| Re: If Oil Disappeared Tomorrow, What Would Nigeria Export? Do Politicians Care? by WiseBizInvestor(op): 2:50pm On Mar 30 |
WiseBizInvestor: |
| Re: If Oil Disappeared Tomorrow, What Would Nigeria Export? Do Politicians Care? by WiseBizInvestor(op): 7:12pm On Mar 31 |
Assets like cocoa and oil palm plantations are long-term wealth structures because demand keeps increasing every year. |
| Re: If Oil Disappeared Tomorrow, What Would Nigeria Export? Do Politicians Care? by WiseBizInvestor(op): 12:08am On Apr 02 |
WiseBizInvestor: |
| Re: If Oil Disappeared Tomorrow, What Would Nigeria Export? Do Politicians Care? by WiseBizInvestor(op): 4:46pm On Apr 03 |
Generational assets are rarely built through hesitation. They’re built through informed timing! |
| Re: If Oil Disappeared Tomorrow, What Would Nigeria Export? Do Politicians Care? by WiseBizInvestor(op): 7:14pm On Apr 06 |
Generational assets are rarely built through hesitation... They’re built through informed timing! |
| Re: If Oil Disappeared Tomorrow, What Would Nigeria Export? Do Politicians Care? by Juren: 4:43am On Apr 18 |
WiseBizInvestor:You seem very knowledgeable about economics and approach things from a practical angle. We have a small platform called Project Nigeria for people who want to move beyond the usual political back and forth and have more serious discussions around national development. Our goal is to focus on real issues such as electricity, public education, security, taxation, governance, jobs, economic reform, and implementation. One thing we trying to do is bring people together who can look at problems seriously and discuss workable solutions. It is on Discord, but the platform itself is not really the main thing. The point is to have a more focused space than Nairaland, where thoughtful people can build on ideas continuously instead of starting from scratch every time. If you are open to it, I would like to invite you in. Here is the invite link in case you would like to have a look: https://discord.com/invite/EPbXXNJUky |
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