How can a country so rich in natural resources have 90% of its citizens living in hardship and poverty? We need to be vocal about 2023 – Tony Elumelu vents of Twitter

How can a country so rich in natural resources have 90% of its citizens living in hardship and poverty? We need to be vocal about 2023 - Tony Elumelu vents of Twitter

Tony Elumelu, a Nigerian economist and philanthropist, has commented on the state of the nation. 

He recalled how he watched his colleagues at work lament the pressing issues in the country, including no electricity for 5 days, soaring diesel prices, frightening food inflation, and many more. 

Outlining the need to be vocal about the forthcoming 2023 general election, Elumelu wondered why a country that is so rich in natural resources, has 90% of its citizens living in hardship and poverty.

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The economist insisted that when people remain silent, evil prevails, adding that Nigeria must be on a trajectory for progress and development by 2023.

Our leaders need to be held accountable, said Elumelu, pointing out that oil-producing countries are currently smiling because their reserves are rising.

He wrote;

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.

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Tony Elumelu is a Nigerian economist, and philanthropist. He a Business owner, citing Heirs Holdings, Transcorp and founder of The Tony Elumelu Foundation.

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