We apologise for Nigeria's capital city, Abuja being incorrectly located on the graphic shown at 03:26-03:34, 04:34-04:38 and 16:10-16:21. KZbin policy will not allow us to replace the video with a corrected version without losing all of the very valuable comments which viewers have taken time to contribute. We apologise for the error. We have corrected the video where it is published on other platforms. Thank you @vincentfreeman9947 for first bringing the error to our attention.
@johnaboshim98813 ай бұрын
You would rather keep views and comments than correct an error. Such a brilliant idea!
@BatsiraiMusuka3 ай бұрын
@@johnaboshim9881the comments are the actual voices of Afrikans and Nigerians in discourse about the issue. You want all that erased? FT has owned up to the mistake (and I’m sure it’s very embarrassing for them. That is enough). Forgive and move on.
@rayanamara50593 ай бұрын
Even the smartest commit mistakes
@henryezenekwe86393 ай бұрын
❤❤11@@BatsiraiMusuka
@phateemah13 ай бұрын
Very convenient excuse!!!
@charlesnyagah74233 ай бұрын
The graphics team deserve their flowers for making a financial documentary engaging
@hakeem1000x23 ай бұрын
‼️‼️
@edobwoy2 ай бұрын
Did you get the message?
@HismumYT3 ай бұрын
This video was so well shot and narratively arranged, props to the editor, camera man and writer
@ingislakur3 ай бұрын
There is no oil curse, there is corruption curse!
@Chisobhaneko3 ай бұрын
True, look at Saudi
@ingislakur3 ай бұрын
@@Chisobhaneko Norway
@samijay3 ай бұрын
It's still an oil curse, the only country to avoid that is Norway. With oil comes massive corruption. Don't use Middle East countries as examples because their own corruption is worse than here and the difference between them and Nigeria is the population. They're corrupt to the core but there's just too many oils to go around for them. While Norway Investment Fund is based on for the citizens, the middle east own instead is based on the for their government but the money is just too much even corruption can't do them anything. Their govt people are some of the richest in the world unofficially.
@ohdude66433 ай бұрын
100%
@02nupe3 ай бұрын
@@ingislakur Norway is a good example from my readings for sure in making that natural resources transformational. There is a layer of race and class with them being in Europe but nonetheless the premise is spot on.
@02nupe3 ай бұрын
Definitely rooting for Dangote and for Nigeria to own their OWN.
@fdfyneface3 ай бұрын
It was a great experience to be a part of this great documentary by FT and to serve as the local producer in the Niger Delta, where I was responsible for fixing things to ensure the project was completed successfully.
@tomk10493 ай бұрын
you were great!
@TheNightmareAssasin3 ай бұрын
Congratulations!
@onakoyatemitayo99153 ай бұрын
Mr Fyneface, don’t you believe you have out too much confidential information including Mr Douglas too?
@OsayimwenIzinyon2 ай бұрын
Your contribution was superb. Great work . 👏
@gbengaogun3 ай бұрын
Incredible storytelling. Thanks for shining the light on Nigeria's oil struggles. I am a Nigerian and I can relate.
@JM-st1le3 ай бұрын
"Oil has been a blessing to Nigeria". More like its a blessing to YOU.
@franksonm3 ай бұрын
" if they see God, they go and bribe God" 😅😅😅 Great vid FT
@ismaelo62323 ай бұрын
😂😂😂can’t stop laughing 😂
@tatendamadziba70263 ай бұрын
😂😂😂
@henryr51693 ай бұрын
This one was the highlight of the whole video I can never forget this
@shihlamarisondlhovu66093 ай бұрын
😅😅😅
@truethat76813 ай бұрын
Nigeria needs to focus on non oil industries like garments, footwear, healthcare, IT, BPO etc.
@avono53303 ай бұрын
exactly, compete with the likes of asia in that respect but the problem is electricity
@truethat76813 ай бұрын
@@avono5330 they have all the oil and gas they can possibly need. Use that to generate electricity. They also have coal. Then there is potential for solar and wind power.
@ranjithpowell67913 ай бұрын
Scams
@leroydanny40723 ай бұрын
Increasing electricity generation is an easy task when trying to become a developed country, they have all the rivers and dams they need
@tomassankara50673 ай бұрын
The only government that was able to exit the oil curse economy is Lagos State courtesy Mr President. Let us pray 🙏 the Almighty strengthen his hand and replicate same at Federal level.
@gatshenindlovu82243 ай бұрын
Mafia in oil they are stronger than mafias in drugs 🙈😅🙌 Dangote genius
@fabianmanuel64323 ай бұрын
Thoroughly enjoyed this informative mini documentary. Wishing my Nigerian brothers and sisters all of the very best. I get goosebumps when I think of the massive potential of Nigeria AND is potentially significant impact on our continent! 🇿🇦🇳🇬🇿🇦🇳🇬🇿🇦
@african-history-fountain3 ай бұрын
The future of Africa will benefit greatly from SA/Nigerian cooperation.
@ivozeferino60433 ай бұрын
WELL DONE MISTER DANGOTE;; YOU ARE A TRUE AFRICAN WORRIER 🔝🔝🔝🔝🔝🔝🔝🔝🔝👏🏿👏🏿👏🏿👏🏿👏🏿
@Joansen-y6b3 ай бұрын
Dángote is really trying to help Nigeria in terms of maintaining there natural resources #Goodwork Sir #respect
@delusional883 ай бұрын
Rooting for you Nigeria! Missing my time in Lagos, it had a spirit and excitement like nothing else 😁❤from Singapore
@wafiworld13 ай бұрын
Nigeria must defend Aliko against western sabotage.
@MansaKimani3 ай бұрын
Wishing Nigerians All Success in This Endeavour
@aryammansahlot44153 ай бұрын
FT MOVIE deserves way more views. Again amazing job FT please keep making these !!!!!!!!!!
@PanAfricanist19633 ай бұрын
The day Nigeria will get its acts together, that will be the day Africa will rise and become a global economic giant. Wake up Naija
@madoxxxx063 ай бұрын
It will take the separation of Nigeria into at least 3 countries, Yoruba nation, Igbo Nation and Muslim nation would all be African giants.
@okene3 ай бұрын
@@madoxxxx06Niger Delta will never join an "Igbo nation", God forbid
@cmn54633 ай бұрын
Nigeria needs to get it's act together for the Nigerian people not for the African continent. Other countries in Africa can do that for themselves. They don't need to wait for Nigeria.
@PanAfricanist19633 ай бұрын
@carolm5463 clearly you don't understand how economics work. Nigeria is Africa's most populous nation, on top of that it has a very skilled human capital. Therefore, any serious economic revolution has to start from there.
@cmn54633 ай бұрын
@PanAfricanist1963 Please stop being delusional. African countries don't need to wait for Nigeria to liberate themselves from corrupt governments and poor leadership which is the cause of their economic disempowerment. They can do it on their own. We all saw Kenyans going to protest against a punitive Finance bill. Africa countries can do it on their own without waiting for Nigeria.
@godsonnsofor15543 ай бұрын
Thumbs up 👍 to who produced tris documentary. Very educative. As a Nigerian i love this .
@FirstTravelService3 ай бұрын
I love Femi's positive attitude! Best to him and the Chowdeck team.
@ludevicepie3 ай бұрын
Obasanjo in my opinion is in no place to talk about this he was part of those who could make a change
@qristofao14373 ай бұрын
Thanks.....I no longer pay attention to him for a long time now. The constitution he amended ( with some selfish clauses etc ) are all part of what the political class is taking advantage of to this day
@paschalogochuks29543 ай бұрын
He was the pillar that crushed everything. I don’t blame him though. He didn’t know better…
@victorikechukwunwachukwu49203 ай бұрын
For posterity’s sake I’ve not seen any other former politician go hard at Trying to rectify mistakes as much as Obasanjo,you wouldn’t find any body else other than him constantly wishing to see Nigeria on a better path before he dies
@chibyk20082 ай бұрын
Don't be deceived when power is no longer in there hand. They now know how to make Nigeria great.
@lolguy-x9nАй бұрын
i dont know why the old man is this video
@Joshuah_adams3 ай бұрын
The best documentary I’ve seen in recent times, very captivating, informative and well arranged.
@adeniyimosaku46423 ай бұрын
Great insight I must say, I have always loved FT... and yes, we will reverse the curse.
@Crypto_annix3 ай бұрын
A very beautiful video and I learnt so so much
@charlesugochukwu92833 ай бұрын
Finally, We are now making efforts to reverse our oil curse. In another 50 years, Nigeria will be a very developed economy if we continue on this path.
@The_Scriptwriter3 ай бұрын
Are we? Time will tell.
@Rhapsody833 ай бұрын
That was a very good documentary. Concise, informative, dispassionate.
@RankinMsP3 ай бұрын
Obasanjo - sat there like he wasn't a massive part of the problem. The man has no shame.
@Yommites3 ай бұрын
He did his best to turn around those refineries but were sabotaged by the system we have built over time. Then, he put all of them for sale before it was reversed by his predecessor.
@DROEMEKA-is2wc3 ай бұрын
He is the grandmaster of scamming and tif shut up@@Yommites
@samijay3 ай бұрын
@@YommitesDey play
@supersampio3 ай бұрын
@@DROEMEKA-is2wccan back this claim with just a tiny evidence, or it’s just talk?
@okene3 ай бұрын
@@supersampiowatch Jude Bela's documentary, it's true. Do you really think Obasenjo was clean? Mr 3 terms?
@Josiahyongo3 ай бұрын
Love this, Being a Nigerian comes with a heavy toll.
@Quinbowess3 ай бұрын
So informative, love it.
@chinedualinnor6523 ай бұрын
Heirs Energies is doing well in fighting oil theft. Kudos to its security leadership and their expertise.
@kingsleyomose75842 ай бұрын
Insightful. Thank you, FT,
@magpaf24363 ай бұрын
very interesting video. Poor leadership & lack of nationalism is bigger problem than corporations
@ivanmendez64223 ай бұрын
Very good video, great storytelling!
@abayomiayodele18723 ай бұрын
Top notch videography and editing
@sulaak3 ай бұрын
Nigerians have yet to realise that oil and gas resources are a blessing. The government's decision to remove oil subsidies is the right one. The problem is that the fall in food and oil production due to insecurity has been a problem that the government has failed to manage.
@princesshemen94143 ай бұрын
A lot of people don't realise that the major reason for rise in food prices is insecurity in the northern part of the country, where most of our food farmers are.
@eseoraka3 ай бұрын
You mean the subsidy that they are still paying Or some other one?
@miguel-w4t8p15 күн бұрын
@@princesshemen9414 Not true, Artificial scarcity is the problem not insecurity. most of the farmers in the north settle those bandits out of their proceeds and they get protected in turn. but there are a group of people that usually go to buy these produce in the farms before it gets to the main market... so there are few products and much money in circulation... they do this so they can sell at a higher price
@christophersemenya98903 ай бұрын
This episode came right 👍 on time
@kibito83393 ай бұрын
This is Africa vs the Top oil Producers in the world...They well know if Africa(Nigeria)begins to refine its own oil, their market in Africa will vanish...
@muhammadadozakari56103 ай бұрын
I agree with the guy that said “oil is more of a curse to Nigeria & Nigerians than blessing”
@Stealt7073 ай бұрын
Obasanjo certainly knows how to talk the talk. I wish it was this easy! It's all about taking action rather than analysing issues. You cannot pour new wine into old wine skin! I am tired of listening to people who could not make a difference.
@omoladelekan51393 ай бұрын
Nevertheless, he tried his best. Nigeria was way better during his time. You can’t deny that
@samijay3 ай бұрын
@@omoladelekan5139It was never better, Nigeria got worse with every new President, comparing him also to some of the past and you'll see he never tried too
@gunnerarshavin20093 ай бұрын
Obasanjo was the best civilian president the country ever had. Obasanjo grew the economy and employed the best and most capable ministers from every part of the country. Unlike Tinubu, who crashed the economy with nepotism, tribalism, corruption, and incompetence!
@Stealt7073 ай бұрын
@@gunnerarshavin2009 Obasanjo was unable to answer questions about corruption during his tenure. That makes him the worst president who cannot communicate well.
@AmorosoGombe3 ай бұрын
Governance. Governance. Governance. That's actually the curse in Africa. You just have to compare how Norway has managed her oil compared to Equatorial Guinea to see that.
@JustinOlpompa3 ай бұрын
Yes... I say it time and time again, every issue Nigeria has has one simple cause, bad governance...
@nextinstitute78243 ай бұрын
Yep. Regrettably, yes.
@sonderexpeditions2 ай бұрын
Yup
@darkright30013 ай бұрын
“2 million barrels of oil is not enough to get 200 million people rich. So what you get is a scramble.” Perfect summary.
@abdul-kabiralegbe56603 ай бұрын
I have had to get used to the accuracy and speed of foreign observers on the Nigerian condition. The advantage of seeing things with a fresh pair of eyes, better analytical skills? I am yet to put my finger on how they manage to do so.
@techtactics7883 ай бұрын
@@abdul-kabiralegbe5660'foreigners'? don't sell yourself short. Many Nigerians have also mentioned this but no one has listened to them. If I was President, first thing I'll do is give ND states their resources back. Then let every region start thinking of how to generate money.
@abdul-kabiralegbe56603 ай бұрын
@@techtactics788 You have a point about some Nigerians having such piercing analysis. I suppose those foreigners tend to be expert resource persons unlike the average Nigerian randomly interviewed on the street for TV. However, the majority of Nigerian experts tend to ramble and complain about symptoms rather than objectively analysing the issues. At least that has been my observation. Following recommendations is another matter though.
@youknow69683 ай бұрын
Reduce population growth.
@godsonnsofor15543 ай бұрын
Perfect summary 👌
@FESTOFOL-h4sАй бұрын
Absolutely fascinating and its all free! Thanks a million for this.
@ayoomoteso13782 ай бұрын
Very inspiring content. I can relate with his struggles 100%. We must never give up no matter what.
@andrewmusic7983 ай бұрын
Nigeria is about to take off👌💯. It won't be easy but it's happening
@LoveMyPeople043 ай бұрын
😂😂😂😂😂😂keep dreaming 😂😂
@afolabifatusin72113 ай бұрын
@@LoveMyPeople04what do you mean by that? It is happening
@LoveMyPeople043 ай бұрын
@@afolabifatusin7211 I mean the Corruption is ingrained into their society..it will take generations to eradicate corruption… best thing they can do right now is to start by electing new YOUNG leaders, not these old clowns who are making the situation worse
@OzSaudarna3 ай бұрын
@@afolabifatusin7211 I think what they were trying to say is that despite the potential of a positive future for our beloved Nigeria, there are both internal and external forces who don’t want to see Nigeria prosper as it is against their own personal gain.. therefore, it remains to be seen if Nigeria will be allowed to grow without interruption… besides, Nigeria is now on the verge of anarchy as we speak 😔
@afolabifatusin72113 ай бұрын
@@OzSaudarnathank you my brother. I understand that but comments like that kill dreams. We dont have to despair despite the failures
@HarrietIhnat2 ай бұрын
This is super duper strategy, thanks for sharing your knowledge, success rate is more than 80%
@Moyopheus3 ай бұрын
They need to get serious, they are making Dangotes life difficult when he is trying to help them.
@mondlimbuli27803 ай бұрын
what a eye opener, nice documentary
@cleanstrikefcАй бұрын
Yes indeed
@zaksdodo3 ай бұрын
I pity Nigeria, Africa at whole. We are denied good governance for quite a long time now 😢
@okene3 ай бұрын
We don't fight for it, no lunch for the lazy
@MrGoodestmeАй бұрын
Great video! Deeply engaging storytelling buttered with efficient execution of cinematography and graphics. In my opinion, while the government is doing a lot to stabilize the economy and salvage it from decades of plunder and exploitation. A lot has to be done to sensitize the public so as to reengineer their minds about nation building. This isn’t a solution that would straightway ameliorate the status quo, but give it a few years and Nigerians would drop the habit of self sabotaging themselves and realize unity can work wonders if proper effort is put into it!! Nigeria can actually be great. And I really believe we have all the tools to make it so.
@Kingsley0022 ай бұрын
Nice Graphics and Good media Team.
@raphaelaffiah14753 ай бұрын
Great production
@alomauzondu47223 ай бұрын
I laugh at Obasanjo who knows the truth but not want to say it
@shazmosushi3 ай бұрын
17:04 When your custom character gets interviewed by the Financial Times
@antr74933 ай бұрын
@mildlydispleased32213 ай бұрын
Wow.
@kodeh79313 ай бұрын
If Nigerians wanted to turn their country around, they could do so in 6 months. If all Nigerians, especially the corrupt ones in positions of power and influence would all come together and say, just for once, let’s try doing the right thing every day for 6 months, let’s suspend our greed for just 6 months, let’s not reap where we haven’t sowed for 6 months, just 6 months, just 6 months, and Nigeria as a nation just had chance to breathe properly for 6 months, things would turn around so quickly, you wouldn’t recognize it in a year.
@anfieldreds_1892Ай бұрын
economics doesn’t work like that
@kodeh7931Ай бұрын
@@anfieldreds_1892 okay. Go ahead and enlighten us please.
@anfieldreds_1892Ай бұрын
@@kodeh7931 my point is 6 months is not enough. the sentiments are all well and good, but 6 months is not enough. you think it took 6 months for the US to become so rich and dominant? and that’s even with the US having the most capital intensive asset for free for hundreds of years i.e. slaves. - you need good road network countrywide - you need relatively high level of education - you need to export and for the money to be paid and come back into the country to develop the country. - you need thriving small businesses - you need a way to ensure the business and people pay their legal share of tax - plus many more. yes start with no corruption but it’s gonna take way more than 6 months for things to turn around properly and see and feel the benefits
@kodeh7931Ай бұрын
@@anfieldreds_1892 well, yes, i agree with you on that. i never said nigeria would get on par with the US or any other industrialized nation after 6 months. obviously it would take much more and a longer time frame to do that. but you do agree that after 6 months, if all said above was implemented, and nigerians started to see the changes and how if everyone did a little, no one would have to do much, the seeds would have then been planted and no nigerian would need convincing that they shouldn't go back to the old ways. this is all about shifting paradigms. that's all. shifting paradigms.
@anfieldreds_1892Ай бұрын
@@kodeh7931 yes I agree shifting paradigms. I am originally from St. Vincent, little Caribbean island. Me and friends “went back to the motherland”, to Ghana a few months ago. Our ancestors are obviously from west Africa. two things that strike me that needs a cultural shift. garbage. how beautiful will it be if as culture litter was not a thing. it was not something I am use to in the Caribbean. I was shocked. also the road network. the economy will grow much faster and better if there were better roads, or in some places, roads at all. Love Ghanaian people though ❤️
@Lexofthegoodlife3 ай бұрын
This documentary is superb ❤
@oneone75223 ай бұрын
Africa is an enigma
@okene3 ай бұрын
Not really, African economies are very simple compared to developed countries. We aren't diversified
@SathyaswamyS3 ай бұрын
India too
@sodadi80143 ай бұрын
So let Dangote run his refinery
@nannimwuyep2 ай бұрын
When that man said, "at least, human being first before environment" I felt it.
@winstonobieАй бұрын
I absolutely adored well-done documentaries.
@bennimako3 ай бұрын
Massive Credit to the Graphics Editor or the one incharge of the Graphic Animation of this Documentary. 👍👍👍
@Keithlfpieterse3 ай бұрын
Footnote: To this day I pay my respects to people like Ken Saro Wiwa and Fela Kuti! They knew, they said what they saw and now for the challenge: "Who dares to pick up the torch and carry it into the future?" Look forward to a Nigerian, a South African and an AFRICAN GEN-Z response. The floor is open...let us speak and PLAN for the FUTURE...TOGETHER AS AFRICANS!
@OmeniagbaChinagorom3 ай бұрын
Wow!!! A very nice documentary ...
@nicklaus85362 ай бұрын
In my country Dangote would have been assisted by the government to improve the quality,quantity and efficiency of his refinery. Just imagine if Nigeria could stop importing oil, and export to other countries. What a boost for that economy. Assist Dangote, develop your country !!!!
@mark3141583 ай бұрын
Very interesting. Unnecessary - but pretty - After Effects work 😀...
@ElijahOyekunle3 ай бұрын
The after effects work was distracting and the information could have been presented in a better manner.
@kingsleyrhuada21103 ай бұрын
A very well put presentation
@SathyaswamyS3 ай бұрын
Nigeria is learning from India as to how to ruin a country. We are proud of you.
@9fine3 ай бұрын
Last when I visited Nigeria in 2018, it's Kaduna refinery was operating at 12% of its operating capacity. Kaduna, Port Harcourt, and Warri all were marred by poor maintenance, militancy, and corruption. This requires an iron fist to make some serious ground control changes.
@mateo...3 ай бұрын
Well done
@welwynmanager3232 ай бұрын
The problem with us Nigerians is that we are too entitled. When we say, oil did nothing for us, I wonder what is used to pay for heavily subsidized universities, polytechnics and college...what is used to pay for almost free electricity bills over the last 50 years. That subsidized lifestyle is why all the clinics of US, UK and Canada are filled with educated Nigerians who paid nothing. It was a trade-off
@elaineshepherd27483 ай бұрын
Father Yah, please forgive, bless, and protect your people in Africa from other countries' exploitation and murder. Stop African leaders from selling out the their continent's resources leaving the people poor and vulnerable.
@albertsennehmansaray1359Ай бұрын
Dangote nove should inspire the government to invest in at least 2 refinery 🎉
@jamesmiller27353 ай бұрын
The only curse I see is human nature and not oil or any other thing. It's easier to blame others for one's own malicious actions in a country run by criminals and thieves. Surely, nothing good will ever come out of it. There is nothing wrong with the land. The problem is that they people living there tend to thrive on the suffering of their people.
@uthmanibrahimkudan69683 ай бұрын
"At least the survival of Human beings first before Environment" actually got me rolling. Brother doesn't know Environmental survival is also as important as human survival. They both 🤝
@PrayingPriest22 ай бұрын
Very good reportage. However, @FinancialTimes could have got a Nigerian Economist or Petroleum economist to participate in the documentary. Good work FT.
@cleanstrikefcАй бұрын
Everyone thougt the Dangote refinery would be the answer to our prayers. But i guess we were dreaming
@iRushil2 ай бұрын
As a Mauritian, I pray that Nigeria overcomes this curse. Just like us, Nigerians have everything to be wealthy. It's the politicians and corruptions who hold us back.
@bgmuch3 ай бұрын
Nigeria is blessed, we are also trying to slay this dragon called corruption and it is not easy. We do not have any of the oil that Nigeria has. If it were ever be discovered here we are dead! So do not frustrate dangote and keep fighting back the old regime!!. Love from Kenya!
@remymccoy60783 ай бұрын
Oil is a blessing
@peterbradshaw80183 ай бұрын
We had bauxite in Jamaica and very little of the levy could be accounted for oil it is said has been found offshore and I fear the same will occur. In economics it's called the Dutch disease.
@ted.n96093 ай бұрын
Nigeria need fearless and determined leaders willing to fight the Cabal and free Nigeria from the hands of the criminal mafia cartel, who have hijacked the Nigerian political and economic system. This powerful cabal has used all kinds of divide and rule tactics like tribalism and religious differences to divide Nigerian more and make them distrust each other and thereby can not monitor the activities of the Cabals. All Nigerian tribes have to come together to free themselves from these criminal cabals who have taken over their country.
@DP23ish3 ай бұрын
dudes talking about getting good schools and good water after taking the oil while dressed in diamond studded gold plated glasses/throne. Guess they had extra oil layin around.
@nikkidoten32133 ай бұрын
They really went for the richest in these interviews. This will surely show Nigeria’s real problems.
@ibrahimtijjani17663 ай бұрын
We are with Dangote
@NKEMOSSAI-r4g3 ай бұрын
Nigeria has been very unfortunate in its choice of leadership. Obasanjo, who's seen here mouthing policy verbiage in shovels, was a key architect of Nigeria's current pains. He squandered massive state fortunes in pursuit of an ultimately doomed self-perpetuation project at Aso Rock. Obasanjo, who was given the God-sent second-chance shot at making good at the helm of state affair and failed spectacularly in the process. He's the same one FT has ran to for his zen utterings! Nigeria is the only nation on earth in which the average man in the street is more visionary than its leaders.
@موسى_73 ай бұрын
Excellent comment. FT are the mouthpiece of global capitalists; of course they seek advice from corrupt politicians.
@billcosoritse67983 ай бұрын
God bless and guide the president of Nigeria
@mikkyatser32093 ай бұрын
Shout out to the female cyclists riding in the rain….she’s the real MVP
@bryanotieno71063 ай бұрын
Reforms and depoliticize would spur growth and development in Nigeria's economy
@isatousarr70443 ай бұрын
Fuel subsidies in Nigeria have long been a contentious issue, impacting the economy and public services. While intended to make fuel more affordable, subsidies often lead to significant financial strain on the government, encourage fuel smuggling, and can distort market dynamics. Additionally, they can divert resources away from critical areas such as education and healthcare. Given these challenges, what alternative strategies could Nigeria consider to reform fuel subsidies in a way that balances economic stability, supports vulnerable populations, and promotes sustainable energy practices?
@موسى_73 ай бұрын
Maybe public transportation can lead to reduced fuel subsidy costs
@baccaandthesquad173 ай бұрын
They interviewed a guy who like definitely could’ve made a difference in this problem
@yvonnewanza36103 ай бұрын
Very informative!
@nnamdinwandu64053 ай бұрын
OBASANJO HAS NO CREDIBILITY.
@ZAGIDI3 ай бұрын
It’s not only Nigeria, but almost all African countries with oil don’t refine the crude oil even though they have oil refineries. The reason is the corrupt government, politicians and leaders. What is the people of Nigeria and the other African countries with oil doing about it?
@doctorJoda-oi6cl2 ай бұрын
Obasanjo is here talking rubbsh. This is a man who has been the president of Nigeria for two different times, the last for 8 whole years. He is the course of everything happening now. Shameless elders, they want respect which they do not deserve.
@menaj29543 ай бұрын
The title is wrong, oil is not the issue. It is bad governance!! I wish Africa will wake up.
@kestonagboro42623 ай бұрын
Oil has been a curse to Nigeria. It completely took over our national psyche and limited our imagination. Oil alone simply cannot support the huge Nigerian economy of over 200 million people. What Nigeria really needs are thoughtful entrepreneurs and investors in non-oil sectors.
@alma098763 ай бұрын
Nigeria should capitalise on their 230 million population to become productive citizens.
@carolestapletonstapleton3 ай бұрын
About time
@234Hause3 ай бұрын
Wonderful
@antr74933 ай бұрын
17:22 Speaks for the people
@mihlalimakwedini463 ай бұрын
I don’t know how the dynamics in Nigeria work, but would it not be a good idea for the government to explore nationalising the oil with the intent of it being in the public interest of the people? In turn, they could ensure that the nation refines its own oils, supplies the global market at a profit, whilst making sure at home the oil prices are affordable and beat inflation year-on-year to ensure a higher standard of living for the people? Corruption fighting within the State and government would obviously need to be bolstered as well to robust levels never seen before to make sure the benefits adequately trickle down to the man on the street. I am hearing about the problem but not hearing about the solution/s. My heart goes out to the ordinary people as they suffer the most and it appears no one in power is genuinely moved to act in a manner that will help to emancipate them from a resource that is meant to be a blessing to them rather than a curse.