The Minister of State for petroleum Resources, Dr. Ibe Kachikwu, who was a guest on BBC’s programme, Hardtalk with Stephen Sackur on Mondasy
As part of the BBC’s Trading Fortunes season focusing on global trade, Sackur had spoken to Kachikwu.
In the 23-minute encounter, Sackur had noted that when President Muhamadu Buhari won the Nigerian presidency two years ago, it seemed like Africa’s most populous nation had turned a corner.
He said that a first ever peaceful, democratic transition brought a promise of cleaner, better governance, and major economic reform.
Then the question, “Two years on, how has it gone? Can oil-dependent Nigeria transform itself into a modern trading economy? Nigeria remains dangerously over-reliant on oil…
Kachikwu responds: “Oh, yes, clearly over-reliant, but whether that is dangerous… I look at the positive side of oil also in terms of what it’s done to a country over the years. But when the price slumps, it’s dangerous.
But we’ll love to see a lot more diversification, a lot more efforts going into agriculture, emphasis on tourism and services…”
The major problem we have with oil are the top politicians defrauding the government of it product already allocated to the country, in fact, the top 10 politicians i know already made it there daily normal routine and nobody is asking why. It marvels me to know nothing is been done about it.
When ask if he can be able to call the names of the politicians he knew, he went ahead and mention names starting with the former president of the country Olushegun Obasanjo….