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 See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1 trial: https://subs.ft.com/spa3_trial?segmentId=3d4ba81b-96bb-cef0-9ece-29efd6ef2132. ► Check out our Community tab for more stories: https://www.youtube.com/@FinancialTimes/community ► Listen to our podcasts: https://www.ft.com/podcasts ► Follow us on Instagram: https://www.instagram.com/financialtimes'