Nigeria's struggle to break the 'oil curse' | FT Film

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Financial Times

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Nigeria's struggle to break the 'oil curse' | FT Film


Nigeria’s oil sector has been plagued by profiteering, theft and under-investment. Can the new $20bn Dangote refinery and ending expensive fuel subsidies help to transform the industry – and the wider economy?

#nigeria #dangote #oil #alikodangote #dangotegroup #oilrefinery #shell #portharcourt #chowdeck #aramide #heirsenergies #heirsholdings…

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@FinancialTimes

We apologise for Nigeria's capital city, Abuja being incorrectly located on the graphic shown at 03:2603:34, 04:3404:38 and 16:1016:21. YouTube 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.

@charlesokafor8143

The chowdeck now is a horrible business for the riders

@visa1303

Its unbelievable that individuals can hold government to ransom in Nigeria, but having said that the government iin Nigeria is super corrupt so I don't blame people trying to go solo, take things to their hands and destory government infrastructures.

@GoodNewsTutorials

All these American media that always make life miserable for Africans you cant give a critical news yesterday children where charged in court age 10,24,12,13, for treason and bell for 10 million each you don't see the news those who protested for hunger in the country wicked media

Its really a curse

@chimdi_samuel

Simply put: "1.3 million barrels of oil per day can't make 200+ million people rich!
We have a corruption curse!

@Wineanddinediva

Traore can tell you

@alvanalvino

The removal of fuel subsidies was an opportunity for the Tinubu led government to steal everything that is probably the only thing that the citizens of the federal republic of Nigeria benefited from their nation and embezzle all that money. That made them bolder to keep on borrowing and padding up budgets and not delivering anything and using new languages like palliatives to justify the theft of our resources and money while keeping the nation impoverished.

The APC will never be able to account for what they did with the subsidy money. And yet they rig their way throughout the nation capturing states after states in elections so they can one day control all local governments of the nation and force the people into more poverty that will eventually lead to a bloody revolution down the line. It’s like they have been paid to destroy the political entity Nigeria. And when that regard opens his mouth to talk? You don’t hear intelligence from his mouth even when he stops slurring his words.

@afroriginalvoice9419

None of your business, the hypocrisy

@aquamodus667

SO WHAT IS THE REASON Y NIGERIA IS NOT SAUDI?

@cleanstrikefc

Everyone thougt the Dangote refinery would be the answer to our prayers. But i guess we were dreaming

@winstonobie

I absolutely adored well-done documentaries.

@solomonolofinsua8467

😂😂😂 he messed up the structures of Nigeria.A very corrupt man

@futurefarms3440

The problem we all ignore is the fake Governance System the Colonisers Created and how incompetent people were deliberately placed to head all the colonial peoples to help run the territories under a fake independence.

@thegardenpoetry

It's so disgusting to see Obasanjo there. That is the sane devil that cemented the ruin of Nigeria. Eew

@uryeartrado3446

Quota system billionaire;
Feeding bottle business man.
Deposit for stolen loots from corrupt politicians.
Money laundry for criminal nigerian leaders.
Waver system monopolistic entrepreneur.

@hillaryebube

Apologies to all the country!!?

@JC-gf4sj

is this the country of prince?

@tionisaac8406

Heirs you want to stop the oil theft but you dont want to do anything for the host community.

You distribute the money to the politicians from such places who stay in Abuja.

Yiu claim they were elected by the people but in actual sense, INEC and the JUDICIARY put them there

@tionisaac8406

When Nigerians see God they will bribe God

@MrGoodestme

Great video! Deeply engaging storytelling buttered with efficient execution of cinematography and graphics.

In my opinion, while the government is doing a lot to stabilize the economy and salvage it from decades of plunder and exploitation. A lot has to be done to sensitize the public so as to reengineer their minds about nation building. This isn’t a solution that would straightway ameliorate the status quo, but give it a few years and Nigerians would drop the habit of self sabotaging themselves and realize unity can work wonders if proper effort is put into it!!

Nigeria can actually be great. And I really believe we have all the tools to make it so.

@FESTOFOL-h4s

Absolutely fascinating and its all free! Thanks a million for this.

@idowuomisile

🤣🤣🤣🤣🤣 the closing part

Dangote nove should inspire the government to invest in at least 2 refinery 🎉

@ntazisimengwa4810

Why do they frustrate him

@nicklaus8536

In my country Dangote would have been assisted by the government to improve the quality,quantity and efficiency of his refinery. Just imagine if Nigeria could stop importing oil, and export to other countries. What a boost for that economy. Assist Dangote, develop your country !!!!

@Sujin-bg1jr

oh

Can Nigeria end Colonist’s Corruption, who are Nigerians and what do they benefit from progress? Manifest Destiny of Modern Civilization (Colder White Ice of Western Imperialism)..