Why is Nigeria broke? The 2 major reasons

Why is Nigeria broke? The 2 major reasons

The pump price hike has nothing to do with removal of subsidy, Nigeria is broke - Lai Mohammed.

Why is Nigeria broke?

According to APC - Nigeria is broke because GEJ squandered our money and people looted funds left, right and center.

But that explanation or answer is nothing but a blatant lie.

Here is the truth. There are 2 major reasons;

1. Nigeria is broke because Nigeria failed to listen to GEJ and Iweala who advised Nigeria to save the money in the Excess Crude Account for the rainy day warning that crude oil prices won't remain high forever.

Yes, they warned us ahead of time but the likes of Amaechi, Oshiomole and the rest of the Governors Forum took the FG to court all the way to the supreme court and compelled the FG to share the money to the 3 tiers of government - FG, State governments and Local governments.

2. Nigeria is broke because the then opposition opposed the fuel subsidy removal GEJ announced when GEJ wanted to solve permanently the problem of the fuel subsidy cabal. Nigeria was paying huge sums of money to a few powerful Nigerians that even got funds for pms not delivered or those diverted to other countries.

All the funds the FG was made to pay as subsidy to these powerful Nigerians would have been used for other things including saving them but the then opposition was more interested in playing politics with everything.

So my people if you carry your pocket money wey suppose last you for the entire term chop suya for the first 1 week for school why you go come dey blame others say you no get pocket money when nothing dey your account again.

So, we may be broke but the people that made us to be broke today are part of the present government and Nigerians should make it clear that we know why we didn't save much and why the FG kept paying the so called fuel subsidy cabal even when GEJ attempted to pull the rug from their feet by removing fuel subsidy in 2012, 4 solid years ago!!!

Share on



You may also like... No, we simply want Nigeria to make progress... Why shouldn't one talk about Islam when people... You know that corruption and poverty are winning... The show of shame in Abia state by... Drive against traffic and forfeit your vehicle to... You will see all sorts of propaganda and... Electricity distribution companies are the most corrupt and... Purge yourself of everything you cannot categorically determine... Senate rejected restructuring abi? Were you expecting the... Our leaders should stop destroying the Chinese spirit...
Latest Articles A good leader will naturally inspire the people Reasonable product warranty - Coscharis, a shining example Only the foolish starve just to export food to wealthy nations DISCOs will one day beg Nigerians to get connected to the grid Disregard the silly rumor about soldiers injecting people with dangerous vaccines My first and last involvement in politics South South region the only region without a plan B Germany’s Merkel Wins Fourth Term The burden of leadership well handled by Nnia Nwodo but... Electricity distribution companies are the most corrupt and arrogant entities out there


Popular Avoiding Domain Name Registration mistakes Steady electricity for Nigerians in 6 months or less Nigeria Online Scams: Where The EFCC Is Getting It Wrong Understanding Web Hosting Need to introduce the death penalty for corruption How EFCC can effectively tackle online scam (419) MTN 3G Internet service - Not yet uhuru Proposed energy tariff hike and privatization; the role energy efficiency can play Why it may take eternity for Nigeria to move forward How unique can a website be?





Every lie comes with an expiry date - Afam BC Nnaji



Build an electric transformer (DIY)




Articles Business and Economy (27)






Articles in pictures


| Advertise | Privacy Policy | Built with JBlog CMS | © 2018 Afam Nnaji - All rights reserved | Email | Powered by Just Web Services


| Advertise | Privacy Policy | Built with JBlog CMS | © 2018 Afam Nnaji - All rights reserved | Email | Powered by Just Web Services