Thursday, 27 February 2014

Sanusi points to the elephant in the room


Sanusi has done Nigeria a great service by highlighting the unaccounted oil revenues from NNPC. What does the missing $20 billion mean for Nigeria’s 100 million poorest?  Suppose by magic this money could be shared equally by all of Nigeria’s 100 million poor people. The poor would get an additional $200 each. So for those earning less than $1.25 per day (yes these people exist!), it would increase their incomes by 40% for a whole year. Will we continue to allow this elephant in the room to be so careless with our God-given resources?


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