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Nigeria Should Not be Obsessed with Oil…. It has no Future – Emir Sanusi



Emir Muhammadu Sanusi II

Emir Muhammadu Sanusi II

The Emir of Kano, and former Central Bank of Nigeria (CBN) Governor has said that Nigeria should not be obsessed with the oil it has in abundance.

He made the statement via his Instagram Page on Tuesday, adding that there is no future for oil.

He Posted:

The Lagos story is a story of what Nigeria can do with itself – transparency, consistency, regulations. That’s why today Lagos state is 30% Nigerian non-oil GDP, and Lagos can do without oil.

This country is better off with Lagos than with the Niger Delta. Let’s not make that mistake. We should be together as a country.

Every part of the country is important. But, let us not be so obsessed (with) a resource, because we have had the commodity driven model, and we are blind to the potentials of an alternative model.

Lagos doesn’t need oil. What is oil anyway? It is a raw material. You don’t drink it. You need it to move your vehicles. Now, you have electricity. You need it to fill your generator.

Now you have solar power, and biomass. The future of oil is not there. So, those few people who are trying to break up this country over oil, after sometime that oil will be worthless.

Photo Credit: Instagram: @sanusilamidosanusi


  1. nwa nna

    September 6, 2016 at 3:11 pm

    While I agree that 1000% with SLS.. What stopped him from saying this while he was part of the system or while he’s northern elite were busy stealing and sharing the oil wells which are Commonwealth of the Nigerian people?

    • seyi

      September 7, 2016 at 12:38 am

      Pls don’t be quick to forget he said ll these and more while still in appointment. That was what caused him to be removed in the first place!! Let’s not be quick to forget and no matter how hard this pill is for us to swallow, he is right. The future is already here. Oil prices are low because nobody wants our oil, or rather nobody needs our oil. The earlier we wake up to that, the better. Where are ll those groundnut pyramids that used to be in our social studies notebooks? They’ve disappeared because of oil! He’s right o. Let’s shine our eyes!

  2. EE

    September 6, 2016 at 4:19 pm

    Who am I to disagree with the esteemed emir.

    But…………we should still obsess over oil. For the foreseeable future, the majority of vehicles will still run on oil products, lubricants for machinery, plastic derivatives e.t.c. Fossil fuels are still some of the cheapest forms of energy known to man. Nigeria will continue to use a lot. In my opinion, we should obsess over moving up the value chain, refining the damn thing for starters, stopping flaring, maybe inventing indigenous technology. Saying it has no future, stop thinking about it, is typical Naija talk.

    Willing to bet if I dig, somebody once told us to stop thinking about coal, agriculture, industries, they had no future, look at us now. The future is damn long! + you know dark and full of terrors??

  3. good girl

    September 6, 2016 at 8:02 pm

    I concur

  4. Lacey

    September 6, 2016 at 9:26 pm

    This Man that destroyed the banking sector with his stupid corporate governance that was warped with his rubbish risk management in 2009!the biggest Cbn gov thief ever with his wacky Islamic risk management !no one had pursued him for the billions in $s he mismanaged as Cbn gov!backward integrator thinkers!does he know the process of getting ethanol or solar energy !Go and read Chevron’s CEO’s take on crude oil on LinkedIn ,3 days ago! My dear we get a lot of products from crude oil and no energy source is surpassing that anytime soon!
    America has oil /shale,but the cost of drilling is still very high!that is why America will do anything on top our oil which does not need fracking like their’s inside rock! Concerning Lagos,it does have little oil but has all the oil companies head quarter offices!silly randy man that does not have shame!if it was other climes you will not even have the temerity to open your mouth!Nonsense !!!

  5. Tosin

    September 7, 2016 at 8:14 am

    For any young people reading this, you can commit yourself to study, with or without uni.
    Sanusi, much given, much expected. Guess I’m talking to myself as well.

  6. Prince

    September 7, 2016 at 4:58 pm

    My handsome King. You can’t be more right. Its just that devil has blocked many peoples eyes so they can’t see more than the four walls of their country.
    The rest of the world is running, we are about to crawl. Its a pity. I love you my King.

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