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. RUclips 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.
@@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.
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.
@@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.
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.
@@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.
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.
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.
@@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.
@@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.
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.
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.
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
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
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! 🇿🇦🇳🇬🇿🇦🇳🇬🇿🇦
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.
@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.
@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.
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.
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.
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.
@@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
@@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 😔
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.
@@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
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!
@@gunnerarshavin2009 Obasanjo was unable to answer questions about corruption during his tenure. That makes him the worst president who cannot communicate well.
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.
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...
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.
Great video. I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you katrina susan
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states.
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
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!
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.
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?
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?
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.
"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 🤝
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.
Because of colonial criminals is why my lovely people of Nigeria are in this . But as an African American diaspora I hail my lovely brothers and sisters whom fight for our lands. Love you all so very much ❤️
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.
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.
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.
How Nigerian can be Curse with Crude, when they have a NEW Refinery in Nigerian, Crude in Nigeria, yet still, Dangote, importing Cheap Oil with Sulfured, & Nigerian Crude which is more better has to others.
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.
Excelente documentário!!! Deixou-me uma duvida a cadeira onde estava sentado ...seria de ouro?! E mais um país em África ...com riquezas naturais de uma Nigéria com muita corrupção, divisão e muita miséria!!O equilíbrio deste mosaico de raças e culturas impôs o regime político!! A sua economia é a mais promissora da África negra, mas porquê tanta complicação?! E porque não há investimento e sucesso em equilíbrios?! A balança pende sempre para o mais fraco ...o povo eé a natureza, com as crenças, actos mortíferos, desemprego e poluição !! Se a Nigéria vai acabar com o ouro negro?! Não é um dos10 primeiros produtorés a nivel mundial e os interesses globais também contam ...
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!
Think about Dangote as the President of Nigeria for just 1 yr. Just imagine that. I know they wont allow a good person to get there since the death of Yar'adua. So we just keep on imagining, and hoping for salvation one day from one man.
Crazy that the push for renewable energy happens in Europe while countries like Nigeria will ramp up domestic oil refining processes and oil production to sell to other countries not involved in this 'green energy transition' - if the green energy transition is for the benefit of the planet how do we the West encourage countries like Nigeria to change? It is simply impossible, there seems to now be developing a thriving domestic oil production market and who is the West to force Nigeria to reverse this course? The whole global situation is so fractious, the global green energy transition will never work so therefore what is even the point of it all?
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.
To speak of a curse when it comes to the natural resources of a sovereign state is irrational. This is quite astonishing, because when we talk about the natural oil reserves of Saudi Arabia or the Gulf States, we never use the vocabulary of superstition to explain their economic success. Here are states that have been getting rich for many years, generating dollar bills from the sale of oil alone, without the word "blessing" ever being mentioned. Strangely enough, as soon as African states are analysed, words like curse appear, and rationality and objectivity go out the window. The Nigerian Nation, through their elites, have repeatedly demonstrated their economic resilience. They are a great trading nation with the second-largest film industry in the world, the leading economic power in Africa, a powerful culture that is making its mark worldwide and natural resources that are the envy of the world. Their demographics are enough to make ageing Western populations pale in comparison. All these assets will undoubtedly lead them to economic success.
But instead of spreading the countries wealth through different sectors, they only focus on oil and because of greed they can’t even use their eyes. I mean we grow rice for Gods sake there’s many things we can export out of this country. We have the population and land
So many oil rich countries change overnight because of oil wealth. Whole cities are stood up and populations changed in the UAE, Saudi Arabia, Qatar, etc. The difference? The level of corruption and culture. When you have a society who tolerates theft. Tribalism is first and the integrity of politicians and government officials are non-existent. This is the result. There is no way in hell Nigeria should be poor in any kind of way for any citizen of that country. They should have a transit hub like Doha, Qatar for the entire African continent and almost no poverty, but the greed, corruption and backroom hand shake deals are what is killing the economy and growth of the country. Now they're after Dangote for trying to break the cycle of stupidity. This is why countries around the world don't respect our people. Greed and corruption is not policed.
The problem with what the gentleman said around 21:33 mark, human survival before the environment, means people don't understand humans can't exist in a bad environment.
Better to be alive to at least survive and alter the bad environment. Than starve in the garden of Eaden/paradise 🤷. I'm a Nigerian living in Lagos. I've also lived in Europe/a 1st world country for about 4 years. Sometimes, it is survival above all else. When you are not sure if you'll see food to eat or due to insecurity if you'll be alive tomorrow. All other things apart from survival goes down the drain. Maybe in the developed world it is "humans can't exist in a bad environment" but not here in my world.
*There is socialism curse in Africa(bad governance), *Nigeria in 2013(PDP-capitalism-$574 billion) *Nigeria in 2024(APC-socialism- 260 billion-LOL?😢) Soon Ethiopian economy wil overtake Nigerian economy, but i think its a good thing, Nigerians will finally understand how to make money....not in socialism...only by private investing....not state ownership...state has to only develop infrastruxture, build police force and military. Proud to be African😎
Very good reportage. However, @FinancialTimes could have got a Nigerian Economist or Petroleum economist to participate in the documentary. Good work FT.
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. RUclips 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.
You would rather keep views and comments than correct an error. Such a brilliant idea!
@@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.
Even the smartest commit mistakes
❤❤11@@BatsiraiMusuka
Very convenient excuse!!!
There is no oil curse, there is corruption curse!
True, look at Saudi
@@Chisobhaneko Norway
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.
100%
@@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.
The graphics team deserve their flowers for making a financial documentary engaging
‼️‼️
This video was so well shot and narratively arranged, props to the editor, camera man and writer
Definitely rooting for Dangote and for Nigeria to own their OWN.
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.
you were great!
Congratulations!
Mr Fyneface, don’t you believe you have out too much confidential information including Mr Douglas too?
Nigeria needs to focus on non oil industries like garments, footwear, healthcare, IT, BPO etc.
exactly, compete with the likes of asia in that respect
but the problem is electricity
@@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.
Scams
Increasing electricity generation is an easy task when trying to become a developed country, they have all the rivers and dams they need
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.
“2 million barrels of oil is not enough to get 200 million people rich. So what you get is a scramble.” Perfect summary.
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.
@@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.
@@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.
Reduce population growth.
Perfect summary 👌
Mafia in oil they are stronger than mafias in drugs 🙈😅🙌 Dangote genius
" if they see God, they go and bribe God" 😅😅😅
Great vid FT
😂😂😂can’t stop laughing 😂
😂😂😂
This one was the highlight of the whole video I can never forget this
😅😅😅
"Oil has been a blessing to Nigeria". More like its a blessing to YOU.
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.
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.
You mean the subsidy that they are still playing Or some other one?
Incredible storytelling. Thanks for shining the light on Nigeria's oil struggles. I am a Nigerian and I can relate.
Rooting for you Nigeria! Missing my time in Lagos, it had a spirit and excitement like nothing else 😁❤from Singapore
Obasanjo in my opinion is in no place to talk about this he was part of those who could make a change
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
He was the pillar that crushed everything. I don’t blame him though. He didn’t know better…
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
Don't be deceived when power is no longer in there hand. They now know how to make Nigeria great.
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! 🇿🇦🇳🇬🇿🇦🇳🇬🇿🇦
The future of Africa will benefit greatly from SA/Nigerian cooperation.
17:04 When your custom character gets interviewed by the Financial Times
Wow.
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
It will take the separation of Nigeria into at least 3 countries, Yoruba nation, Igbo Nation and Muslim nation would all be African giants.
@@madoxxxx06Niger Delta will never join an "Igbo nation", God forbid
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.
@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.
@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.
Obasanjo - sat there like he wasn't a massive part of the problem.
The man has no shame.
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.
He is the grandmaster of scamming and tif shut up@@YommyFermi
@@YommyFermiDey play
@@DROEMEKA-is2wccan back this claim with just a tiny evidence, or it’s just talk?
@@supersampiowatch Jude Bela's documentary, it's true. Do you really think Obasenjo was clean? Mr 3 terms?
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.
Wishing Nigerians All Success in This Endeavour
Dángote is really trying to help Nigeria in terms of maintaining there natural resources #Goodwork Sir #respect
Thumbs up 👍 to who produced tris documentary. Very educative. As a Nigerian i love this .
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.
Yes... I say it time and time again, every issue Nigeria has has one simple cause, bad governance...
Yep. Regrettably, yes.
Yup
Nigeria is about to take off👌💯. It won't be easy but it's happening
😂😂😂😂😂😂keep dreaming 😂😂
@@LoveMyPeople04what do you mean by that? It is happening
@@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
@@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 😔
@@OzSaudarnathank you my brother. I understand that but comments like that kill dreams. We dont have to despair despite the failures
Nigeria must defend Aliko against western sabotage.
They need to get serious, they are making Dangotes life difficult when he is trying to help them.
I laugh at Obasanjo who knows the truth but not want to say it
I agree with the guy that said “oil is more of a curse to Nigeria & Nigerians than blessing”
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.
Nevertheless, he tried his best. Nigeria was way better during his time. You can’t deny that
@@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
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!
@@gunnerarshavin2009 Obasanjo was unable to answer questions about corruption during his tenure. That makes him the worst president who cannot communicate well.
FT MOVIE deserves way more views. Again amazing job FT please keep making these !!!!!!!!!!
I love Femi's positive attitude! Best to him and the Chowdeck team.
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.
Are we?
Time will tell.
WELL DONE MISTER DANGOTE;; YOU ARE A TRUE AFRICAN WORRIER 🔝🔝🔝🔝🔝🔝🔝🔝🔝👏🏿👏🏿👏🏿👏🏿👏🏿
I pity Nigeria, Africa at whole. We are denied good governance for quite a long time now 😢
We don't fight for it, no lunch for the lazy
So let Dangote run his refinery
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...
Africa is an enigma
Not really, African economies are very simple compared to developed countries. We aren't diversified
India too
very interesting video.
Poor leadership & lack of nationalism is bigger problem than corporations
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.
Never thought an NPC could become a big bad corporation irl lmao
😂😂
NNPC* 😅
Great video. I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you katrina susan
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states.
Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading.
I'm new at this, please how can I reach her?.....
SHE'S MOSTLY ON TELEGRAMS, USING THE USERNAME
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
That was a very good documentary. Concise, informative, dispassionate.
Love this, Being a Nigerian comes with a heavy toll.
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!
Great insight I must say, I have always loved FT... and yes, we will reverse the curse.
A very beautiful video and I learnt so so much
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.
They really went for the richest in these interviews. This will surely show Nigeria’s real problems.
The best documentary I’ve seen in recent times, very captivating, informative and well arranged.
This episode came right 👍 on time
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?
Shout out to the female cyclists riding in the rain….she’s the real MVP
Heirs Energies is doing well in fighting oil theft. Kudos to its security leadership and their expertise.
So informative, love it.
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?
Maybe public transportation can lead to reduced fuel subsidy costs
This is super duper strategy, thanks for sharing your knowledge, success rate is more than 80%
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.
"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 🤝
They interviewed a guy who like definitely could’ve made a difference in this problem
Very good video, great storytelling!
If they see God ,they go bribe God 😂😂😂😂😂😂😂😂 Nigerian chief funny asf
Top notch videography and editing
what a eye opener, nice documentary
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.
Insightful. Thank you, FT,
Because of colonial criminals is why my lovely people of Nigeria are in this . But as an African American diaspora I hail my lovely brothers and sisters whom fight for our lands. Love you all so very much ❤️
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.
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.
Very interesting.
Unnecessary - but pretty - After Effects work 😀...
The after effects work was distracting and the information could have been presented in a better manner.
Nice Graphics and Good media Team.
Nigeria is learning from India as to how to ruin a country. We are proud of you.
This documentary is superb ❤
Oil is a blessing
"at least the survival of human being first before environment" has me laughing my guts out
Massive Credit to the Graphics Editor or the one incharge of the Graphic Animation of this Documentary. 👍👍👍
The title is wrong, oil is not the issue. It is bad governance!! I wish Africa will wake up.
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.
It's complicated...
Typical third world socialist policy problem.
How Nigerian can be Curse with Crude, when they have a NEW Refinery in Nigerian, Crude in Nigeria, yet still, Dangote, importing Cheap Oil with Sulfured, & Nigerian Crude which is more better has to others.
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.
Excelente documentário!!! Deixou-me uma duvida a cadeira onde estava sentado ...seria de ouro?! E mais um país em África ...com riquezas naturais de uma Nigéria com muita corrupção, divisão e muita miséria!!O equilíbrio deste mosaico de raças e culturas impôs o regime político!! A sua economia é a mais promissora da África negra, mas porquê tanta complicação?! E porque não há investimento e sucesso em equilíbrios?! A balança pende sempre para o mais fraco ...o povo eé a natureza, com as crenças, actos mortíferos, desemprego e poluição !! Se a Nigéria vai acabar com o ouro negro?! Não é um dos10 primeiros produtorés a nivel mundial e os interesses globais também contam ...
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!
I like the intro and the title of this documentary.
Think about Dangote as the President of Nigeria for just 1 yr. Just imagine that. I know they wont allow a good person to get there since the death of Yar'adua. So we just keep on imagining, and hoping for salvation one day from one man.
Lmao.😂 he supported the current government.
The richest man in the country being a president? Kangaroo politics
Crazy that the push for renewable energy happens in Europe while countries like Nigeria will ramp up domestic oil refining processes and oil production to sell to other countries not involved in this 'green energy transition' - if the green energy transition is for the benefit of the planet how do we the West encourage countries like Nigeria to change? It is simply impossible, there seems to now be developing a thriving domestic oil production market and who is the West to force Nigeria to reverse this course? The whole global situation is so fractious, the global green energy transition will never work so therefore what is even the point of it all?
Very inspiring content. I can relate with his struggles 100%. We must never give up no matter what.
Reforms and depoliticize would spur growth and development in Nigeria's economy
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.
Excellent comment. FT are the mouthpiece of global capitalists; of course they seek advice from corrupt politicians.
Will NO ONE think of the shareholders ? Oh, the humanity !
Great production
To speak of a curse when it comes to the natural resources of a sovereign state is irrational. This is quite astonishing, because when we talk about the natural oil reserves of Saudi Arabia or the Gulf States, we never use the vocabulary of superstition to explain their economic success.
Here are states that have been getting rich for many years, generating dollar bills from the sale of oil alone, without the word "blessing" ever being mentioned. Strangely enough, as soon as African states are analysed, words like curse appear, and rationality and objectivity go out the window.
The Nigerian Nation, through their elites, have repeatedly demonstrated their economic resilience. They are a great trading nation with the second-largest film industry in the world, the leading economic power in Africa, a powerful culture that is making its mark worldwide and natural resources that are the envy of the world.
Their demographics are enough to make ageing Western populations pale in comparison. All these assets will undoubtedly lead them to economic success.
But instead of spreading the countries wealth through different sectors, they only focus on oil and because of greed they can’t even use their eyes.
I mean we grow rice for Gods sake there’s many things we can export out of this country. We have the population and land
So many oil rich countries change overnight because of oil wealth. Whole cities are stood up and populations changed in the UAE, Saudi Arabia, Qatar, etc. The difference? The level of corruption and culture. When you have a society who tolerates theft. Tribalism is first and the integrity of politicians and government officials are non-existent. This is the result. There is no way in hell Nigeria should be poor in any kind of way for any citizen of that country. They should have a transit hub like Doha, Qatar for the entire African continent and almost no poverty, but the greed, corruption and backroom hand shake deals are what is killing the economy and growth of the country. Now they're after Dangote for trying to break the cycle of stupidity. This is why countries around the world don't respect our people. Greed and corruption is not policed.
Well done
17:22 Speaks for the people
The problem with what the gentleman said around 21:33 mark, human survival before the environment, means people don't understand humans can't exist in a bad environment.
Better to be alive to at least survive and alter the bad environment. Than starve in the garden of Eaden/paradise 🤷. I'm a Nigerian living in Lagos. I've also lived in Europe/a 1st world country for about 4 years.
Sometimes, it is survival above all else. When you are not sure if you'll see food to eat or due to insecurity if you'll be alive tomorrow. All other things apart from survival goes down the drain. Maybe in the developed world it is "humans can't exist in a bad environment" but not here in my world.
......"if dey see God dey for don bribe God"😅😅
*There is socialism curse in Africa(bad governance),
*Nigeria in 2013(PDP-capitalism-$574 billion)
*Nigeria in 2024(APC-socialism- 260 billion-LOL?😢)
Soon Ethiopian economy wil overtake Nigerian economy, but i think its a good thing, Nigerians will finally understand how to make money....not in socialism...only by private investing....not state ownership...state has to only develop infrastruxture, build police force and military.
Proud to be African😎
Wow!!! A very nice documentary ...
Very good reportage. However, @FinancialTimes could have got a Nigerian Economist or Petroleum economist to participate in the documentary. Good work FT.