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 #solomonndigbara #mend #fynefacedumnamene #kensarowiwa #nigerdelta #ogoniland #lagos #africa

00:00 Can Nigeria break the ‘oil curse’?
00:56 Why Nigeria needs local refineries
01:56 The history of oil in Nigeria
03:18 The problem with state refineries
04:33 The new Dangote refinery
06:49 Who is Aliko Dangote?
07:53 Can the Dangote refinery succeed?
09:45 Chowdeck and the end of fuel subsidies
11:43 Fuel subsidies: part of the psyche
13:49 Aramide: a singer’s perspective
15:05 Shock therapy
16:10 Problems in the Niger Delta
17:02 The ex-militant
20:14 The environmentalist
21:30 The artisanal refiner
22:50 The security situation
24:52 Heirs Energies and Africapitalism
27:41 Has oil benefited all Nigerians
29:28 A transformational economy?
30:22 credits

[FinancialTimes]

We apologise for Nigeria's capital city, Abuja being incorrectly located on the graphic shown at 03:26-03:34, 04:34-04:38 and 16:10-16:21. 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.

[charlesnyagah]

The graphics team deserve their flowers for making a financial documentary engaging

[ingislakur]

There is no oil curse, there is corruption curse!

[HismumYT]

This video was so well shot and narratively arranged, props to the editor, camera man and writer

[nupe]

Definitely rooting for Dangote and for Nigeria to own their OWN.

[fdfyneface]

It was a great experience to be a part of this great documentary by FT and to serve as the local producer in the Niger Delta, where I was responsible for fixing things to ensure the project was completed successfully.

[truethat]

Nigeria needs to focus on non oil industries like garments, footwear, healthcare, IT, BPO etc.

[darkright]

“2 million barrels of oil is not enough to get 200 million people rich. So what you get is a scramble.” Perfect summary.

[AmorosoGombe]

Governance. Governance. Governance. That's actually the curse in Africa. You just have to compare how Norway has managed her oil compared to Equatorial Guinea to see that.

[gbengaogun]

Incredible storytelling. Thanks for shining the light on Nigeria's oil struggles. I am a Nigerian and I can relate.

[delusional]

Rooting for you Nigeria! Missing my time in Lagos, it had a spirit and excitement like nothing else 😁❤from Singapore

[franksonm]

" if they see God, they go and bribe God" 😅😅😅
Great vid FT

[sulaak]

Nigerians have yet to realise that oil and gas resources are a blessing. The government's decision to remove oil subsidies is the right one. The problem is that the fall in food and oil production due to insecurity has been a problem that the government has failed to manage.

[JM-stle]

"Oil has been a blessing to Nigeria". More like its a blessing to YOU.

[fabianmanuel]

Thoroughly enjoyed this informative mini documentary. Wishing my Nigerian brothers and sisters all of the very best. I get goosebumps when I think of the massive potential of Nigeria AND is potentially significant impact on our continent! 🇿🇦🇳🇬🇿🇦🇳🇬🇿🇦

[ludevicepie]

Obasanjo in my opinion is in no place to talk about his he was part of those who could make a change

[gatshenindlovu]

Mafia in oil they are stronger than mafias in drugs 🙈😅🙌 Dangote genius

[RankinMsP]

Obasanjo - sat there like he wasn't a massive part of the problem.
The man has no shame.

[godsonnsofor]

Thumbs up 👍 to who produced tris documentary. Very educative. As a Nigerian i love this .

[MansaKimani]

Wishing Nigerians All Success in This Endeavour