A country that makes $224 million per day from the sale of oil and producing 2.4 million barrels of oil per day(selling the oil at N93.61 per barrel) has no business being poor.“This daily income from oil gives Nigeria 81 billion dollars or N12.8 trillion per annum. It is sad that Nigeria remains the 20th hungriest nation and the 26th poorest country in the world. If our budget for year 2014 is N4.6 trillion and our annual income from oil alone is N12.8 trillion, what business have we going out to borrow a single dollar from outside. The sum of one billion dollar loan approved by the Senate for President Goodluck Jonathan to buy weapons to fight Boko Haram was therefore, a bad adventure.
Seventy per cent of Nigerian school children failed in the last West African Examination Council tests. One million Nigerians are totally blind. Thirty-two million Nigerians have river blindness. 300,000 die of malaria every year. 30 million are hypertensive. Four million suffer from diabetes. 80 million Nigerians live below poverty level. The average Nigerian lives on less than one dollar per day and life span in Nigeria which was 74 before independence is now 47.
Our government should wake up to their responsibilities and do the needful for the masses rather than think of their pockets or personal gains.
culled from Vanguard...The Director of MURIC, Prof. Ishaq Akintola,
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