Corruption & Oil Dependence Behind Nigeria’s Economic Recession

corruption nigerian economic recession

Sept 4, 2016 – Corruption & Oil Dependence Behind Nigeria’s Economic Recession..This Is How To Fix It

We are in this problem because of our arrogance, corruption, greed and in ability of our leaders to govern. Since we understand our problem, what is the next solution? this is what we suppose to be working on not to be complaining. United States of America went on recession in 2008, they are now gradually coming out of it but not completely because they quickly put on some corrective measures to create employment for their people. We are so proud that we cannot ask for help while we are dying.

It is unfortunate that we still don’t know how to create jobs and most of our technocrats are so proud that they are the most learned people in the world and yet unable to proffer a solution to our problem. We had earlier made a huge mistakes by putting all our egg in a basket i.e by dependent solely on oil. Some ignorant people will continue shouting the slogan We are blessed with “OIL” and so f**king what? we are blessed with oil but we cannot feed ourselves, we cannot create jobs through that resource, no infrastructures, no good roads, our healthcare system is negative.

We sit back and think that since we have oil that is the end. For your information your oil may mean nothing by the year 2025 because at the rate at which the technology is advancing.

Most advance Countries are now investing more in technology so that they change their dependency on oil. Why do you think they are investing more on Electric cars, Fossil fuel, Ethanol (making oil from corn or vegetable oil), Hybrid cars, Geo thermal (energy obtained from the earth) etc which I believe they can expand more for the benefit of the world. Instead of trying to learn from these people, all we know how to do is to steal our resources and save it in their custody. They see what we are doing and concluded that there is no way we can do something better to our own advantage.

If we appoint a leader today, the first thing such person will do is to start stealing our money in order to save it for his great grandchildren. They don’t even steal what they need but they are saving for their great grandchild who are not yet born subjecting the present living citizen to unnecessary hardship that is the thinking of a low thinking black man. These kids do not need all these thing especially the new millennial and cloud generation. They look at it as a waste.

There are lot of things we can do to get ourselves from the jaw of unnecessary recession. We need to strengthening our law because we are in trouble if nobody is held accountable for his/her wrong doing.

Secondly, we need to create jobs for millions of Nigerian to alleviate poverty/inflation. We must learn how to diversify not to depend on oil alone let us learn how to engage in mechanized farming or subsistence farming. If we can only do that other Countries can benefit from us at least they can be saying food is cheaper in Nigeria. There is no easier way to get out of this mess order than commitment, dedication, sincerity, perseverance, hardwork and proper accountability.

Fellow Nigerians, are we ready for commitment? I don’t think so. Most of us cannot accept minimum wages to serve this nation. If you ask 98% of people in National Assembly to serve this nation and get paid salary for graduate without other additional benefits you can hardly see anyone willingly ready to do the job. Most of them are there to make all the money they can make not in the interest of nation. These are the same set of people who cannot agree to slash their huge income for the benefit of the entire nation. That is not commitment.

The situation of this country has turned out to be a big concern for me. I cannot believe that my once beloved country that was peaceful and rich can turn out to be so poor, worse and poverty-stricken overnight.

[Written By Popular Commentator Jilo]

7 thoughts on “Corruption & Oil Dependence Behind Nigeria’s Economic Recession

  1. @jilo i can feel your pains in your writing you sounded unimpressed but if i must say you did a good job putting this up.
    firstly let me commend you for pointing out the fact that we can not live by oil alone. Nigeria leaders in particular are confused they don’t know what natural resources really mean their definition is just oil but there are still major aspect they can improve such as Agriculture. cote’d’ivorie gains alot from their cocoa plantation and they are doing well than we that think we have oil.
    Let start from somewhere as Nigerians and leave this confused set of leaders alone.
    @jilo you mentioned strengthening of laws I think have said something related to that on this forum before we need laws that are exclusively strict i.e. when a leader accept present during his or her regime let him/her pay the price like it is done in Ghana 2. who soever is guilty of rape should be castrated.. we need things like this for a better Nigeria..

    once again thank you bro for this great piece

    #IT_CAN_ONLY_GET_BETTER

  2. @JILO, WHAT DO you drink? We could hang loose tomorrow evening after work, dipping our hands into plates of bush meat pepper soup, courtesy of D Hunter’s traps.

    WELDON! I ESPECIALLY LOVE where you drew attention to the breakthroughs in alternative sources of energy. I believe that what oil did to agriculture in Nigeria, these sources of energy will do to oil in the next 3 or 4 decades, if not less. Nigeria should therefore wake up now!

    MY MIND EQUALLY WENT to those communities in Niger Delta whose livelihood have been diminished in the course of oil exploration. If the Nigerian government fails to effectively clean up those places now that oil is a relevant force to reckon with, is it when it is eventually shelved aside that those people would be remembered?

  3. Jilo chop kisses biko.
    You said it all without adding hate,harshness or blame. Beautifully written. If 10 percent of us can reason this way.

  4. I feel you Jilo. This is what i have been say all along on this forum, am sure you agree. My heart bleeds when i think of Naija. i keep wondering what type of people are we. why are we so wicked to the extent that someone will loot his country resources and take to another country for them to better themselves. self hate or what ? That i can’t come to terms with. The gap between the haves and have nots is so wide now that everyone or anyone that has a chance will not think twice about the country. its how do i feed my family how do i live to see the next day.what is compounding the frustration is lack of basic amenities, even in recession people should still have a bit of comfort but in our case there is no such because no planing over the years mainly due to unpatriotic people at the helms. My uncle travel to China last year he was so overwhelmed at the things he saw, he said in 3 villages he visited almost every house has a machine producing something no wonder they have so much export capacity and dominating the world, but in comparison we have churches and mosques in every nook and cranny of our nation producing miracles! we are not a producing nation and so we have no negotiating power advantage which means other nations dictate to us even if at cut throat prices we have no choice and balance of trade is always deficit. Again on law its only with good implementation and application of the laws regardless of status that we can thrive both in economy and stability because it gives investors confidence that they are safe and if something goes wrong they can always seek redress in the courts. Nigerians are not law abiding always wanting to circumvent the law and i shudder at the way our nation has now become; the children growing will one day continue on the same mentality and follow path because that’s all they know. We need some sort of campaign to inculcate respect for the law in our people. Above all patriotism is paramount to achieving greatness for our nation.

    let continue taking these small steps to enlighten ourselves hopefully the change will manifest soon.

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