OPEC OIL PRODUCTION CUT: What Is Next For Nigeria?

This post has already been read 4951 times!

While the most quiet and the loudest desire of most Nigerians, irrespective of religion, gender, education, location and occupation is the steady rise in the price of crude oil at the international market. Quite a significant number of people are also asking some salient questions; such as, “What next?”

The people of Yoruba ethnic in Nigeria have this saying that, “The fall of heaven is a matter for everyone.” Implying very strongly that everyone must make personal efforts to avoid the impact; hence, no one will be exempted.

The price of crude oil in the global market has been on a decline for over a year now, causing a lot of hardship for many nations that depend largely on oil as a source of foreign earning. Countries like Nigeria and Venezuela among others have been very affected, with Nigeria almost descending or sliding into an economic depression – after many quarters of negative growth.

After a meeting between between OPEC and non-OPEC nations, there was an unusual consensors for a reduction in the total supply of crude oil across the world; in order to provoke increase in the price of this very important global item. However, Nigeria among a few nations was exempted from this output cut, to encourage her move out of recession. To many Nigerians, this looks like an answered prayer; however, some of us are curious to know WHAT NEXT?

Just as the present administration of the President Buhari led government came on board through a popular vote; countless Nigerians of different religion, age, gender and financial stamina were expectant – hoping for a serious change in the standard of living of an average citizen. However, the expectation came against a very turbulent storm when the FG repeated state that the nation is short of the needed money to effect the promised change. Months after months, Nigerians have been bombarded with how the former administration had drained the nation of dollars and other valuables required for major infrastructural and economic development.

The question in the minds of many Nigerians now is, “What will be the next thing this government will do or say after this oil cut in the global market?”; “Will this government continue to “post” Nigerians or will they for for God sake do the needful?” These and other questions beg for urgent answers as we journey quietly into 2017. Will the 2017 be a year of true economic recovery for most Nigerians, or will it be the CHANGE that we have been seeing and witnessing over these months?

Share On Facebook
Share On Twitter
Share On Google Plus
Share On Linkedin
Share On Pinterest

Comments

comments

Gboyega Adedeji on sabyoutubeGboyega Adedeji on sabtwitterGboyega Adedeji on sablinkedinGboyega Adedeji on sabgoogleGboyega Adedeji on sabfacebookGboyega Adedeji on sabemail
Gboyega Adedeji
Founder at FridayPosts.com
Gboyega Adedeji is an inspiring teacher and writer. He is committed strongly to the development of effective leaders across generations and denominations.

He is an author of many books, writer of many articles and coach of many leaders! He leads at LeaderSoil - http://leadersoil.com

Gboyega Adedeji

Gboyega Adedeji is an inspiring teacher and writer. He is committed strongly to the development of effective leaders across generations and denominations. He is an author of many books, writer of many articles and coach of many leaders! He leads at LeaderSoil - http://leadersoil.com

One thought on “OPEC OIL PRODUCTION CUT: What Is Next For Nigeria?

  • January 5, 2017 at 4:02 pm
    Permalink

    This administration must win the trust of Nigerians otherwise, their second term dream will be a messed-up by the same people who brought them into power.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

Show Buttons
Hide Buttons

OPEC OIL PRODUCTION CUT: What Is Next For Nigeria?

by Gboyega Adedeji time to read: 2 min
1