Dependence on Oil, Nigeria’s Costly Mistake - President Buhari

President Muhammadu Buhari has said that Nigeria made a costly mistake by depending on oil as the mainstay of the economy.

The President said the country was in for the worst times for failing to save or diversify its economy, which had been greatly affected by the crash of oil prices. 

Speaking while bidding the outgoing Iranian Ambassador to Nigeria, Mr. Saeed Koozechi, farewell in Abuja, President Buhari said he was convinced that with greater diligence, hard work and patriotic determination, Nigeria would achieve self-sufficiency in most of the goods on its import list. 

House of Representatives in Commotion Over Oil Subsidy Removal As Members Chant "All We Are Saying, Save Nigeria!"

The House of Representatives chambers was in chaos as members, split along party lines, are debating the new deregulation of the oil sector and the removal of oil subsidy that has led to the increase of the pump price of petrol from N86.50 to N145 per liter.

PDP lawmakers are said to be angry with their APC counterparts for staging Occupy Nigeria protest in 2012 when the Goodluck Jonathan led government attempted to remove the oil subsidy.
The lawmakers are expecting the Minister of state for Petroleum resources, Ibe Kachikwu, who they have summoned to appear before them to explain the reason behind the recent removal of oil subsidy.

Femi Gbajabiamila, leader of the house, had moved the motion for the lower legislative chamber to admit Kachikwu into its fold.

52 Year Old Grand Mother Bites Off Daughter's Ears Over Shell Oil Company Boyfriend

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A 52 year-old grandmother identified as Eunice Igwe, resident of Asaba, Delta State on Thursday engaged her daughter in a fight (name withheld) and allegedly bit off her ears over the struggle for her boyfriend, a shell worker. 

Reports said Mrs. Igwe a widow, allegedly caught her daughter pants down with her boyfriend somewhere in Okwe community Asaba where she was being pummelled at the Asaba residence of the lover boy before the police intervened. 

It was gathered that Mrs. Igwe’s daughter, a graduate of marketing from the Delta State owned University, (DELSU) Awai Campus, fell in love with the lover boy who works with shell in Warri (name withheld) while she was a 300 level student and introduced him to her mother who fell in love with him. 

Is PSquare Going into Oil Thingz?.....

Is P-Square's foray into the oil business? As Peter Okoye posted the photo on his instagram page captioned - Hustle must continue....Oil business tinz. Then posted another with the caption... More business #oilsector.

Peter Okoye ‏@PeterPsquare

Hustle must continue.... Oil business tinz..... No time.http://instagr.am/p/WuToieysDX/ 

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Peter Okoye ‏@PeterPsquare

Nmmhh ... More business #Oilsector http://instagr.am/p/WuTiA6SsDM/ 

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Good for them if it true, their venturing into the Oil sector!