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Author Topic: We have crude oil but we are still poor  (Read 1025 times)
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November 13, 2026, 11:32:12 PM
 #121

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?

When you travel and log in to our local communities in the villages as SPDC Shell host communities that has now been taking over by Renaissance, you see that there's nothing to write home about.

The local content agreement has it that they will bring development to the Shell host communities, things like,
1. Electricity.
2. Good roads.
3. Scholarships.
4. Borehole's water.
5. Youths empowerments.
6. Employment in their companies.
7. Monthly stipends for old men/women
etc

But none of these is being carried out.
Where did you get this content of agreement or are you just guessing ?
This can't be denied that the SPDC really failed their host communities but most times, I wouldn't blame them
But rather our forefathers who signed those agreement with them considering the fact that, the agreement that was signed might even be for a longer period of time and even as things and time has passed and economy has gotten these tougher, most of those signed agreements never gave room for review of agreements after a period of time else those signed agreement should be due for review by now.

Some of the host communities of shell would also take some of these blames because some of them were not interested in the  future as they wanted an immediate compensation from shell which they offered as at then.

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November 14, 2026, 09:34:50 PM
 #122


You've basically said it all , the blame lies with our leaders. Not only them they are still some external and oil Mafias distrupting out crude industry. Those guys are making tons of cash from it, and it won't stop because the Mafia lobby and bribe the politicians in order to keep shut. Nigeria oil sector is too dark and corrupt, even a president can't end it. But every problem must have a solution, which is why I hope we can get a leader who would reduce Nigeria dependency on oil . They can start little transitioning into Renewable energy, Agricultural sector to generate more revenue,  building more industries and more Export than import. That way he country will grow at a faster rate but I am still sure those mafias won't want us to achieve that .

What's most infuriating is that these are countries with oil, and just because they're oil-producing countries, their people shouldn't be going through hardship. In fact, every Nigerian should have a minimum wage simply for being Nigerian and for the wealth from oil sales to reach them. But as I said, I don't think any politician will be able to implement a system where all their people earn what they deserve just because... I think Nigeria and Venezuela are very similar in that respect. What I will say is that people who steal will always get their share of karma; at some point, everyone who acts badly will suffer the consequences.

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November 14, 2026, 09:54:47 PM
 #123

Honestly, I don't know if the situation in Nigeria is as bad as in Venezuela, but from what OP says, it's very serious. So, in the case of Venezuela, it's obvious that the blame lies with the politicians, the presidents, and everything associated with the word "politicians," which for me is synonymous with thieves.In the case of Nigeria, a country I'm fond of—I like its culture and its people, as well as its football—it should be a prosperous country. But I suspect it's also due to the same reason: the rulers. What needs to happen? It's difficult. A change of government would work in the case of Venezuela; in Nigeria, perhaps that and the support of developed countries.
Nigeria is in a more sophisticated state than Venezuela. Nigeria our beloved country is in ruins already and there's absolutely nothing the government can do about the whole situation because they help put the country in this condition. Nothing seems to be working because the country we lived in today is filled with so many corrupt leaders who are not ready to back down from their tricky and mischievous ways. I'm explicitly talking about both the politicians and the citizens of this country, everyone is corrupt and not ready to do the right thing.

Do you know what will get Nigeria better? It's not even the change in government because corruption have eaten from the roots, there's absolutely nothing we can do other than to the uttermost work by voting out these corrupted leaders and also finding out good time to make proper changes when it comes to carry and obeying the rule of law. Change start with you and me and the government..

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