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Author Topic: Is the discovery of crude oil a curse or blessing to Nigeria  (Read 57 times)
Obiene12 (OP)
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August 26, 2025, 07:09:07 AM
 #1

Before the discovery of crude oil in oloibiri , Bayelsa State in the South South region of Nigeria, Agriculture was the main source of exportation and income . Nigeria export agricultural produce like Cocoa, rubber, groundnut,etc and the economy was good to an extent. The currency was strong against the dollar and the economy was good but as soon as crude oil was discovered everything change.The country abandoned Agriculture which was the main source of income for the country and everything turned upside down.
Marvelockg
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August 26, 2025, 07:26:34 AM
 #2

First off, this is a wrong board to post this thread, you should consider moving it to the Nigeria local board or more specifically, move it to politics and society section of the Nija politics and society board.
 
Before the discovery of crude oil in oloibiri , Bayelsa State in the South South region of Nigeria, Agriculture was the main source of exportation and income . Nigeria export agricultural produce like Cocoa, rubber, groundnut, etc and the economy was good to an extent.
The discovery of crude oil was never a substitute to the agricultural engagement the Nigerian people engaged in. in an ideal case, it is supposed to be an advantage whereby the nation could diversify into the oil sector and the agricultural sector and in the process generate multiple revenue from those sectors.

Nigeria as a nation has witnessed growth in all ramification through the discovery of crude oil only that the government has not used the resource the right way but have only over depended on it such that other sectors now suffers negligence in such a manner that anything that affects the price of oil and dollar always affects the price of goods locally. with the fertile land we have, we can still go back to the agricultural sector and still do well in it. 

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Solodoski
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August 26, 2025, 02:06:15 PM
 #3

The discovery of crude oil in Nigeria is definitely a curse in my own opinion. Nigeria was doing very well even before the discovery of crude oil on the 60s and evert sector of the economy was really developing rapidly.
This discovery of crude oil in the 60s really affected a lot of things in Nigeria,  like agriculture, mining etc. Before the discovery of oil agriculture has been our mainstay and it was really helping the economy to develop, we used to export a lot of agricultural products like cashew, palm fruit etc, but the discovery of crude oil has collapsed our agriculture, because everyone now concentrates on the crude and have abandoned other sectors of the economy and that has really set Nigeria back. In my opinion I think it's a big carse, because I feel.the country would have been better without the discovery of crude oil. I am open to critic.

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August 26, 2025, 04:36:51 PM
 #4

The discovery of oil in Nigeria is a blessing and also a curse, the heavy production of crude oil and the exportation of it brought about heavy financial flow into the economy which is the blessing that is it, however this financial stability and economic growth ascertained brought about laziness on the side of the leaders and Poison their mind into believing that since there is excess of money there is no need to invest, so they stool more and didn't plan for the rainy days which is itself is a curse.











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