MANIFESTATIONS abound testifying
the afflictions of Nigeria by indiscipline: In 1966, there was the
phrase “ten percenters”; in 1975, we were told Nigeria had so much money that
she didn’t know what to do with it and by that time, Nigeria was 158 out of 159
in the UNDP HDI; in 1975-79 during a military government, $2.8billion was found
missing; in 1980-83, Nigeria imported shiploads of sand and paid fully for
them; in 1991, Nigeria lost $12.4billion oil wind sales; between 2003 and 2007,
$16billion for building of power plants was missing; in 2013, Nigeria lost over
N3trillion to fuel subsidy within three years; in 2014, a top government
official was allegedly given $2.1billion to share among some political elite so
that the coming 2015 election will favour the ruling political party.In that same year, the then Central Bank governor declared that
$20billion was missing from the NNPC’s account at the Central Bank; in 2016, a
Canadian professor declared that Nigeria spent $1.5trillion on foreign
education; in March 2021, the FEC approved $1.5billion for turnaround
maintenance of the Port Harcourt refinery that has not refined one barrel of
crude oil in the past five years.
Over 70 per cent of Nigerians live below the poverty line, yet a federal legislator is paid over N29m monthly; over the past 20 years, SPDC has reported that about 100,000 barrels of Nigeria’s crude oil is stolen daily and at an average price of $50 per barrel, this equals $1.75billion or N665billion per annum. Till date these stolen, lost and wasted resources have not been investigated and culprits punished accordingly |||READ MORE
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