When president Muhamadu Buhari won the nigerian presidency two years ago it seemed like africas most populous nation had turned a corner. A first ever peaceful democratic transition bought a promise of cleaner, better governance and Major Economic reform. Hows it going . Well, my guest today is emmanuel ibe kachikwu, minister of state for petroleum resources. Can Oil Dependent nigeria transform itself into a modern, Trading Economy . Emmanuel ibe kachikwu, welcome to hardtalk. Thank you, stephen. I guess the lesson of the last two years or so, with president Muhamadu Buhari in power, is that nigeria remains dangerously overreliant upon oil. Well, yes. Clearly over reliant. I dont know if its dangerously. Look at the positive sides of oil, in terms of what it has done to the country over the years. When the price slumps, its dangerous. Oh yes. We would love to see, obviously, a lot more diversification, a lot of effort is going into that, emphasis on agriculture, tourism areas, emphasis
Away from a bad deal. What happens if we dont get a deal . Our argument in those circumstances is youve got to be able to walk away. Youve got to plan for that even if you dont intend it. Business leaders warn of a drop in confidence following the election saying Political Uncertainty could be disastrous for the economy. Its five oclock. Were At Westminster where theresa may stands accused by labour of presiding over a government in chaos following news that the queens speech, setting out the governments legislative programme, could be delayed. It was meant to take place in a weeks time. The conservatives are still negotiating with the Democratic Unionist Party, to support mrs mays Minority Government, after she lost her majority in last weeks election. Labour says the possible delay to the queens speech is because the government has no idea what it plans to do. Right now, theresa may is addressing the 1922 committee of Conservative Backbenchers well have the latest on the reception sh
Including motorists trying to escape the blaze. In sport, Englands Tommy Fleetwood remains firmly in contention at golfs us open in wisconsin. Hes just one shot off the leader brian harman heading into todays final round. And helen has the weather. More sunshine on the way . Good morning. Another hot day for the vast majority, the sunshine as strong as it gets and its likely to last for another few days yet for most of us. Ill have the details for you in most of us. Ill have the details foryou ina most of us. Ill have the details for you in a round about 15 minutes. Thanks, helen. First, our main story. Church services will be held today to remember the victims of the Grenfell Tower fire in west london. Police have revealed that 58 people are missing and are believed to have died but that figure could still rise. Yesterday, theresa may met with volunteers and those left homeless. Government staff have been drafted in to improve the response to the disaster, as Nick Quraishi reports. Th
Including motorists trying to escape the blaze. In sport, Englands Tommy Fleetwood remains firmly in contention at golfs us open in wisconsin. Hes just one shot off the leader brian harman heading into todays final round. And helen has the weather. More sunshine on the way . Good morning. Another hot day for the vast majority, the sunshine as strong as it gets and its likely to last for another few days yet for most of us. Ill have the details for you in most of us. Ill have the details foryou ina most of us. Ill have the details for you in a round about 15 minutes. Thanks, helen. First, our main story. Church services will be held today to remember the victims of the Grenfell Tower fire in west london. Police have revealed that 58 people are missing and are believed to have died but that figure could still rise. Yesterday, theresa may met with volunteers and those left homeless. Government staff have been drafted in to improve the response to the disaster, as Nick Quraishi reports. Th
Including motorists trying to escape the blaze. In sport, Englands Tommy Fleetwood remains firmly in contention at golfs us open in wisconsin. Hes just one shot off the leader brian harman heading into todays final round. And helen has the weather. More sunshine on the way . Good morning. Another hot day for the vast majority, the sunshine as strong as it gets and its likely to last for another few days yet for most of us. Ill have the details for you in most of us. Ill have the details foryou ina most of us. Ill have the details for you in a round about 15 minutes. Thanks, helen. First, our main story. Church services will be held today to remember the victims of the Grenfell Tower fire in west london. Police have revealed that 58 people are missing and are believed to have died but that figure could still rise. Yesterday, theresa may met with volunteers and those left homeless. Government staff have been drafted in to improve the response to the disaster, as Nick Quraishi reports. Th