The collapse of the oil price in 2014 highlighted the need for Nigeria to dilute its exposure on the commodity.
Africa is still witnessing an increase in social turbulence, unrest and protest. Only rapid, inclusive economic growth combined with good governance can make the continent less volatile.
Protests are raising tensions in Africa's most populous country, with agitators and federal troops clashing on the streets. But is Nigeria on the brink of another civil war?
Tough socio-economic conditions, among others, make kidnapping a thriving business in Nigeria. A strong justice system along with stiff punishment for the crime are needed.
Nigeria needs a collaborative approach involving voluntary partnerships between the state, an international development agency, the business sector and civil society to solve its problems.
The end of fossil fuels is approaching fast. But the question remains of what to do with those that remain, waiting to be sold.
To see why, one must only consider the core economic principle of supply and demand.
It is important to nurture local companies and increase domestic participation in Africa's emerging oil economies.
Oil spills have long plagued the Ogoni people living in the Niger Delta. President Buhari is finally doing something about the pollution. But there are flaws in the government's approach.
Nigeria must work together with its people to help keep the peace in the Niger Delta.