Now in #Abuja. Central Bank director tells me he hopes oil price falls to 0 to fuel economic diversificationpic.twitter.com/5vXnI9lNzU
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@anna_rosenberg The "resource curse" is a myth. It is the people who are the curse. Look at the case of Timor-Leste @BBCLerato
@calestous @anna_rosenberg @BBCLerato sometimes seems like it's on faulty premise that resources = devt.
@calestous @anna_rosenberg @BBCLerato disagree, with no oil political reform and true federalism is possible
@zara8680 If the starting point is to blame oil there will always be something new to blame @anna_rosenberg @BBCLerato
@calestous @anna_rosenberg @BBCLerato this country was built to share oil rents without oil the opportunity to go another path
@zara8680 I know that. But parallel approaches can be pursued without waiting for oil revenue to dry up @anna_rosenberg @BBCLerato
@calestous @anna_rosenberg @BBCLerato disagree, how long have we talked about diversification? low oil changes everything
@zara8680 Won't argue with a person who thinks that industry will automatically come out of oil collapse @anna_rosenberg @BBCLerato
@calestous @anna_rosenberg @BBCLerato not automatically, but will give us the opportunity to embark on a new path - good or bad
@calestous @anna_rosenberg You're a smart man, arguing for argument's sake? Nigeria needs to diversify, CONTROL its destiny & lead Africa.
@cmutambo A country without industrial policy when it has oil revenue will struggle when it has no oil revenue @anna_rosenberg
@calestous With #Nigeria #oil predicted2 run out in 43-49 yrs - Alongside #population growth - A nightmare loomspic.twitter.com/nptNUxKpkO
@calestous @anna_rosenberg @BBCLerato otherwise, Nigeria will NEVER wean itself off oil addiction.2 many vested interests in corrupt system
@calestous @anna_rosenberg @BBCLerato u won't understand. NIGERIANS will only react to this. Itz like a life saving defibrillation.
@calestous @anna_rosenberg @BBCLerato with oil we focus on resource allocation, without we can focus on how to spur growth
@calestous @anna_rosenberg @BBCLerato oil allows leaders with no vision, ideas or imagination
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