THE GIANT THAT CAN NO LONGER STAND

Cheers Iran, here's to welcoming you into the oil market... Another player to the saturated market. Nigeria is like the prodigal son, but this time 'he' lived during the reign of Joseph. After the vision by Joseph, he failed to store up its harvests , rather he ate it all up, forgetting that the years of plenty will be over !!! Nigeria had almost a decade of oil price boom, and rather than storing/saving and building infrastructure and creating investments for the future, she blew all the proceeds from petro-dollar, igniting a new kind of appetite that has become a monstrosity. With the big appetites and dwindling fortune from oil, it can no longer stand or sustain the monster that she has created!!! America lifting the years long sanction on Iran will create an oil price free fall..... I hope and pray for Nigeria our trade relations with the west revolve around the oil and natural gas sectors. Since 2005 we have been promised diversification, this is 2016, there hasn't been much of that basically our major exports are oil, timber , leather and cocoa . A country once known as the largest food exporter has been the largest food importer!!!! What more can I say......