We have crude oil but we are still poor

[CryptopreneurBrainboss]

We as Nigerians we have crude oil but our country is still poor and going backward on a daily. And the question is, is it suppose to be so as an oil producing country, states, LGA's and communities?

It isn't about what you have but what you can do with that which you have that makes you stand out and achieve your propose in life and that's what Nigeria is lacking as a whole. We aren't the only ones having this issue of "we have crude oil but are still struggling" countries like Venezuela is in this mess too. Other African countries are also includes so it isn't just a Nigerian problem but a problem of not knowing how to manage the natural resource that has been given to you by nature.

When we allowed our Oli to be extracted then asked for peanut's in reture, what were we expecting to happen? instead of asking for infrastructure to be built, refinery and factors, we asked for food and monthly stipends which shows how uneducated we were and that's affecting us to this Day.

We have to grow as a county and invest into building structures that'll eradicate peoverty from the country through creating if job opportunity as we have the capacity to do that as a country with crude oil but bad govenwmmt won't allow that happen as they're benefitting from our suffering.

[Sarah Jordan]

It's painful to see my country Nigeria regressing by the day. Things are getting expensive by the day and it is affecting the poor masses.
And all these agreement mentioned here are been carried out because our leaders in the government don't don't care about the citizens. Because if they do every agreement made should be kept. This I don't care lifestyle of we Nigerians is really spoiling things for us.

[trendcoin]

We as Nigerians we have crude oil but our country is still poor and going backward on a daily. And the question is, is it suppose to be so as an oil producing country, states, LGA's and communities?

Raw materials are an important issue, but processing those raw materials to produce and sell final products is an even more important issue. The outer casing of a cell phone might be made of plastic. That plastic might be a petroleum product, and the material cost of the plastic used might be less than $1, but when you want to buy it from a store, you might have to pay several hundred dollars because it is now more than just plastic.

Owning oil is certainly important, but possessing the know-how to process it is even more important.

[Franklyn-wood]

It's painful to see my country Nigeria regressing by the day. Things are getting expensive by the day and it is affecting the poor masses.
And all these agreement mentioned here are been carried out because our leaders in the government don't don't care about the citizens. Because if they do every agreement made should be kept. This I don't care lifestyle of we Nigerians is really spoiling things for us.

I was discussing this same issues with my nabours today when she came back from the market and was lamenting that a bottle of kerosene is now 3000, I laughed not to much her, but to express how unsurprised I was about that, because even the fuel pump price has been rising and falling mean while all this nature resources are in our lands and yet we the citizens finds it hard to survive.
We being poor it a a result of mismanagement or our natural resources and greedy leaders. Some of the leaders are not there to serve humanity but to serve themselves.

[Tamaperdana]

Snip

I feel sorry for you, because it's undeniable that living in a country that has no progress at all is very tiring. Even in the country where I live, things aren't going well either, perhaps a little better than yours. But speaking of Nigeria, I think there are several things your country must do if it wants to progress. First, corruption must be eliminated, because in my opinion, it is the most dominant cause of your country's misery. Second, the government must be able to manage the country well, namely, its vision and mission must be truly clear. Furthermore, it's undeniable that your country is too dependent on oil, and other sectors are somewhat left behind. So that's clearly not a good thing. So, while other sectors must also be developed, corruption and the government in your country must be fixed first, because that is the main cause.

[goldkingcoiner]

Nigeria needs to stop measuring wealth in oil barrels and billions of naira and instead start measuring it in hospitals, schools, roads, jobs, clean water and improved living standards.

A people who are lead by the morally corrupt and educationally incompetent cannot build wealth because it will fall apart faster than they can built it. It is like trying to hold water in a colander- there are too many holes, so it will leak out.

Raise the quality of life with things that are meant to last into the future. Only then will you see improvement.

[Bigjoe33]

It's painful to see my country Nigeria regressing by the day. Things are getting expensive by the day and it is affecting the poor masses.
And all these agreement mentioned here are been carried out because our leaders in the government don't don't care about the citizens. Because if they do every agreement made should be kept. This I don't care lifestyle of we Nigerians is really spoiling things for us.

In this case, regression is inevitable, because the government are doing things either knowingly or unknowingly that breeds poverty and bad economic situation.

All they do at the federal level is place heavy taxes on importation, production and on business generally, and after that, they siphon the money and then move to the next one, which is yo borrow heavily. Isn't that ridiculous? How does a nation with such governmental leadership and activities grow, no way. Nigeria has all it takes to be one of the world's best countries, but those in charge of economics are rye reason they are moving backwards daily.

[fruktik]

Isn’t it already too late to count on crude oil? As far as I’m concerned, the era of hydrocarbons will come to an end in just a few years. Yes, there will still be some demand, but the price of this raw material will be absolutely negligible.

That’s why we should turn our attention to more promising industries. For example, we should look toward solar energy. As far as I know, African countries have an abundance of solar energy. If we start working on this now, in a few years we’ll be able to sell the surplus energy to other countries.

[Cityhunter34]

It is absolutely the fault of the people representing us and not the company's fault. Honestly, it is very sad to see that a community with enough crude oil is still living poorly. It doesn't make any sense at all, because if anything happens along the lines, they will still be the ones who will surfer from it.

I think it is a general issue, because I often see communities that have enough oil complaining about the same thing, which is not supposed to be so. I think it is a normal thing

[Chilwell]

We as Nigerians we have crude oil but our country is still poor and going backward on a daily. And the question is, is it suppose to be so as an oil producing country, states, LGA's and communities?

Raw materials are an important issue, but processing those raw materials to produce and sell final products is an even more important issue. The outer casing of a cell phone might be made of plastic. That plastic might be a petroleum product, and the material cost of the plastic used might be less than $1, but when you want to buy it from a store, you might have to pay several hundred dollars because it is now more than just plastic.

Owning oil is certainly important, but possessing the know-how to process it is even more important.

What you have said is cleared, having the raw material is also important but processing it is another thing entirely because having it without processing it is as if it doesn't exist. Yes Nigeria is blessed with crude oil and still continue to live in extreme poverty, there are a lot of things behind it which the public do not understand, Nigeria is independent but in terms of natural resources they are still dependent despite it is located on their land.

The Western have not free Nigeria from all this resources and that is why they are always involved in every of our affairs, showing concern but not positively. The same people does not have this resources we have but they own the one we have in our land and that is why we the Citizens cannot enjoy what we think we have. International monetary fund policy and also world Bank has putting Nigeria in a cage where they cannot move out, and that is why we are still suffering.