Oil has been the driving force of Nigeria's financial wellbeing. Oil dominates our foreign earnings. The progress we produced in agriculture ahead of the dawn of petroleum has been left behind.
The challenge for Nigeria is not necessarily what happens today, but what happens when the oil wells dry up. In others phrases, what is the position of Nigeria, politically and cheaply, when the united states can't create foreign trade from the purchase of oil.
Our state remains governed in a political system of severe stagnation and avalanche partisanship. A method that breeds venoms with capacity to destroy the pulse that keeps the state moving forward. It has created a syndrome that continues to stop the state from using the gets of fat revenue to advance the citizens, the infrastructure and provide Nigeria a needed clout in the international arena.
The state has failed in many places since our leaders are entangled in managing government operations and political pandering alternatively of being servant leaders, by helping the interests of the masses. Below this circumstance, a research the country's future without gas will undoubtedly be challenging. At least, the state can come to reality after a long time of poor judgments and mismanagements which may have triggered serious pains on the citizens.
The initial problem is likely to be washing the clear fat wells. It is sad that the gas companies, who despite knowing the public health and environmentally friendly influences of gasoline flaring, continue to width fuel recklessly in Nigeria. We hope they will have the morality to clean those wells and restore them to pre-drilling ecological areas before they depart.
Within Africa, Nigeria's effect will soon be tested. Because our nation has not produced any innovative technology which will sustain the economy, some African-american nations may possibly take control us. South Africa can become such as for instance a hegemonic empire in Africa with extreme power. That state continues to invest enormously in knowledge, offering Africa its best universities, and getting the most effective Edu Naija -american brains.
From banking to engineering, South Africa will be unrivalled and can concept Africa. Since the economies and political power of different African countries such as for example Ghana, Libya and Egypt grow; the capability of Nigeria to define and impact in the African Union will reduce despite huge opportunities for new Africa leadership to put the continent competitively.
When South Africa requires the main position in Africa, you will have wide influences across the Economic Community of West African Claims (ECOWAS) region. A post-petroleum period may generate substantial issues and fundamental dislocations in Nigeria's volume to effect the location as South Africa becomes more affluent owing to a very diversifying economy.
The Mandela state is getting in to more African-american markets, and its abilities to effect governments will be more pervasive and that will dwarf Nigeria's influence.
Lack of fat to operate a vehicle the economy will generate habits for more qualified Nigerians to go abroad with possible strangulation on the economy. The implication is that the central point of government will undoubtedly be transformed and Nigeria can emerge as a true federal system from its present quasi-federal structure.
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