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THE FALL OF PETROLEUM PRICE MAY BE A BLESSING TO NIGERIA


The fall of global petroleum price may be a blessing to Nigeria and Nigerians after all. It may be a wake-up call by nature for Nigeria to wake up from their sole dependence in Petroleum.  Petroleum is only a speck among tons of other natural resources and Agricultural products that the nation was known for in yore years. Name the natural resources and you will find it under Nigerian soil, yet we act as if petroleum is the only resource that the nation can boast of.

Prior to our oil discovery, Nigeria used to occupy a large place in the world market with her impeccable Palm produce, Rubber, groundnut, and cocoa products respectively. However and sadly too, upon discovery of petroleum everyone abandoned those money-making machines and chased after rich-quick live-styles made possible by petroleum sales. Our governments went into looting sprees and did away with other important and more viable sectors of the economy. According to Washington Post, today Nigeria ranks only 5th among palm producing countries, 13th in Rubber production, and 4th in cocoa production. 

Nigeria, with her vast human population, enviable favorable vegetation, and climates has the wherewithal to push her way to the top among her peers; however our morbid dependence in oil is what has clipped our wings so dangerous that we find it difficult to soar into the sky ahead of their contemporaries.

In terms of livestock production, Nigeria with her vast land and human population should be one of the store-houses of the world. Nigerians have no business complaining of hunger and poverty when she is already blessed with every resource to not only survive but to excel. Our cattle are of very hard breeds; hence they have abilities to withstand some of our inclement weather conditions including obnoxious parasites which exotic breeds cannot march. Our breeds such as the Ndama, white Fulani, Red bororo, and Sokoto Gudali are superbly equipped to withstand any local unfriendly weather conditions and parasites. For example, they have the ability to withstand dangerous parasites such as tse-tse fly, which transmits the notorious trypasomiasis, (sleeping sickness). 

The local breeds may be of poor milk production and dressing percentage, however those unfavorable traits could be duly tackled. These days, with high level scientific and technological advancements, we no longer have to import live animals for cross-breeding, instead just the semen from any desired livestock can be imported and effectively used to improve the quality of our livestock productions by way of artificial insemination; cross-breeding, back-crossing, or line breading to achieve desired traits. The same method could be used in swine, equine, goat, and even poultry production. Also, when well encouraged Nigerians could be very industrious people, those who may not be able to afford intensive method of livestock production may be willing and able to go into semi-intensive, or well guided extensive method of production. All they need are genuine encouragement and supports from the government. 

When it comes to arable crops, Nigeria's vast population and available lands should be a plus for the Nation to lift her head above water and flood the earth with food. Currently majority of our arable crops; tomatoes, legumes, carrots, yams, cocoyams, cassava, three-leave yams, and etc are produced at minimal quantities because of poor technical know-how, lack of encouragements from the government, and lackadaisical attitudes of the citizenry. The above is connected to our morbid rich-quick attitudes dangerously introduced and encouraged by our politicians and leaders in high places. It is only in our African continent that farmers are looked upon and regarded as misfits and people of no value. We developed the above misconception and ignorant mindsets as if we feed on paper-money while forgetting that money is only what money can buy period.  
  
Today, in Igbo land where palm wine is revered and taken as our big cultural symbol it is ironic that the few people who today produce the essential commodity are seen as peasants and never-do wells, yet in actuality we cannot do without their wares. 

Currently our government at every level is blindfolded by petroleum paper-money  and they are aware that the USA who is the largest world market may wake up to and wave bye to everyone because they have acquired enough reserves and established many other means of generating cleaner energies for their production.

Therefore, beside the prizes we lately enjoy at the pump today, methinks that the sharp decline in oil prices may also be a good thing in disguise as it may be one of the ways God in his infinite wisdom wants Nigeria and Nigerians, especially our government and politicians to come back to their senses and return to Agribusinesses and other enormous resources under our soil which are also free gifts of mother nature to all of us.


Eugene Iwuamanam     

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