Facebook

Tuesday 19 January 2021

Persistence of Poverty and Stagnation in Nigeria; Why the Silence?


"Politicians love oil- selling it generates easy money for the government, much easier than taxing citizens who might demand services, democracy and good governance. They use the oil money to buy votes, lubricate patronage networks, silence rivals, fund a comfortable retirement abroad. In Nigeria oil accounts for roughly 90% of exports and two-thirds of government revenue. Sixty-five percent-65% of the government revenues go to servicing existing debts"- Economist
The curse of oil in Nigeria is a sad tragedy. A small group of violent people who are on a mission to grab more resources as they can by subjecting the rest of the population to unending servitude. Instead of the people who are disadvantaged to rebel; they just prefer to suffer quietly. In the words of Peter Lewis; "Nigeria has failed profoundly as a state, a nation and an economy", the time has come to settle the Nigeria idea. This is the sad reality of how the Unitary-Centralised Political System raped the country's resources and deprive states/regions capacity to deliver essential services to their own citizens. The truth is the population of these places are now worse of and are incapable of facing the challenges of the future. Read More: 

The LEAD Project Foundation