Daughter of former president, Chief Olusegun Obasanjo, Dr. Iyabo Obasanjo, has said that Nigeria will not get out of the current economic crisis bedeviling the country due to her dependence on proceeds from oil export.

Daughter of former president, Chief Olusegun Obasanjo, Dr. Iyabo Obasanjo, has said that Nigeria will not get out of the current economic crisis bedeviling the country due to her dependence on proceeds from oil export.

Daughter of former president, Chief Olusegun Obasanjo, Dr. Iyabo Obasanjo, has said that Nigeria will not get out of the current economic crisis bedeviling the country due to her dependence on proceeds from oil export.

The former senator, who lives and lectures in a university in the US shared her view on Nigeria in a recent interview.

She said, “Twice recently I have come across interviews of the President Muhammadu Buhari and it seems his focus is just on oil and gas. Focusing on oil and gas, a natural resource we have no control over is what got us to where we are and somehow he thinks it will get us out!

“The time of oil as a king commodity is past and never coming back. In the history of humanity, the commodity that becomes king changes from time to time. From the time of the OPEC formation in the early seventies till now, oil had been king.

“It will no longer be because if we continue using it at the rate, we have in the last 100 years we will not have a planet. Countries that didn’t use their income from oil to generate other sources of income will be in dire straits, hence Nigeria’s economic woes.

“Taking oil for granted as if it would be at high prices forever is idiotic. Now if change means more focus on oil and gas as the President is saying then obviously change has not come.”

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