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Tuesday, September 27, 2022

“How can a country so rich in natural resources have 90% of its citizens living in hardship and poverty?” – Billionaire, Tony Elumelu laments

Popular Nigerian billionaire and CEO of UBA Bank, Tony O. Elumelu has taken to social media to lament on the poor state of things in the country.

Recall Intel Region reported that most Nigerians including celebrities have expressed their dissatisfaction with the way things are going in the country as most complain about hike in the price of petrol, diesel which in turn has inflated the price of good and services in the country making life difficult for its citizens.

Taking to his verified Twitter handle, Tony Elumelu disclosed how some of his colleagues at office speaks on some of the challenges they have been facing in the country and how things are getting more very worse.

According to the Philanthropist, he heard some of the conversations of his colleague this morning, March 17 and some lament on the lack of electricity for 5 days, hikes in the price of diesel, frightening food inflation among others.

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Speaking further, Tony Elumelu affirmed that Business are suffering in Nigeria and the country is losing over 95% of oil production to thieves.

He further questions how a country like Nigeria that is so rich in natural resources have 90% of its citizens living in hardship and poverty.

Tony Elumelu tweeted;  “This morning, I am listening to my colleagues at the office bemoan the very pressing issues that they face everyday in this country, and how things have been getting worse and worse – no electricity for 5 days, hikes in the price of diesel, frightening food inflation, etc.

How can a country so rich in natural resources have 90% of its citizens living in hardship and poverty? I have often said that access to electricity is critical for our development, alleviation of poverty and hardship. And speaking of security, our people are afraid!

Businesses are suffering. How can we be losing over 95% of oil production to thieves? Look at the Bonny Terminal that should be receiving over 200k barrels of crude oil daily, instead it receives less than 3,000 barrels, leading the operator

@Shell

to declare force majeure.

Why are we paying taxes if our security agencies can’t stop this? It is clear that the reason Nigeria is unable to meet its OPEC production quota is not because of low investment but because of theft, pure and simple!

Meanwhile, oil producing countries are smiling as their foreign reserves rising. What is Nigeria’s problem? We need to hold our leaders more accountable! Elections are coming – security and resources need to be everyone’s agenda – let’s be vocal for our nation’s priority.

Evil prevails when good people are silent. We need to be vocal about 2023. Let’s focus on Nigeria. Demand and advocate for leaders that deliver. In 2023, Nigeria must be on a strong trajectory for progress and development.”

See his post below;

Tony Elumelu post 1

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