One does not need an oracle to tell us what we need to do to solve the economic crisis in Nigeria. Things are falling apart. The Nigerian economy is starving for funds. It does not make sense when we have Crude Oil in the ground.
We cannot meet our OPEC quota of 2.5 million barrels a day because of the inefficiency and hoarding tendencies of the NNPC. They have active Oil Wells that are on lockdown because they do not have the funds to exploit them, yet, they will not release these Wells to Nigerian investors who have the capacity to reactivate the Wells to increase our daily production from a meager 1.3 million barrels per day to 2.5 or more.
For as long as the nation sleeps on these assets and possibilities, the Naira will continue to depreciate and hunger in the land will continue to increase as there will be no money to make necessary investments in agriculture for example, to address job creation and food security.
The President must do something about NNPC or else, NNPC will do something about Nigeria.
Our Reporters.
Egogonewshub.com
