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Is Nigeria A Rich Country?

WE MAKE A MISTAKE THAT NIGERIA IS A RICH COUNTRY. NIGERIA IS A RICHLY ENDOWED COUNTRY BUT IT IS NOT A RICH COUNTRY!

WE DO NEED A LOT MORE RESOURCES TO COME INTO THIS ECONOMY,

WHAT DO HOUSE HAVE TO SAY ABOUT THIS?

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6 answers

@ vigasimple

how can gas flared be worth $1 billion per day. Aren't you part of the Nigerian problem with your lack of due diligence and carelessness with facts.

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You obviously heard wrong.Either the news report was wrong or you misheard what was said.The gas we flare is not worth anything near $1billion per day.

Nigeria is not a rich country.One can say we have the potential to be rich but we are not yet rich.If you work out the Govt receipts from oil and divide it by the number of our population,you will see that we are actually poor

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I think there is a lot of truth in what all the posters have said.

We have very bad leadership to tap wisely into our natural and human resources which would have made us a rich country.

Unfortunately the Leadership are representative of the followership which I must say are propably worse than the leaders.

What we need are set of leaders with grit and determination. Believe it or not we may need to have a 'small' revolution.

Our lifestyle and leaders make us very unproductive. There are very little incentive for harwork and honesty, integrity.

Let me give you a small example how daft and silly our country and leaders are. I heared on the news yesterday that by flaring our gas we are losing $1billion dollars per day. If am right in my arithmetics that will be $365 Billion dollars per year. Let assume it is working days, that will be $240 billion per annum. assuming we say this has been going on for the last 8 years , that will amount to about $2 Trillion dollars.

Now tell me what we can do with $2 Trilion dollars- build almost the entire country or even it will amount to about $15 dollars each if we hand it over to 140Millions Nigerians but we all know that using it to build the country will be more rewarding.

Common sense does not tell our leaders to ask some companies be it in US, Russia or Chinesse to build it for us and get paid part of the income, instead we are just wasting it away.

If we Nigerais collectively can stop fooling ourselves and think that we are rich when our leaders are stealing and fooling us we better rethink.

God bless all of the contributors here, I am really proud of you including the poster for letting everyone us start to reason truthfully and honestly.

Nigeria should have been a rich country but sadly with the combination of leadership, follwership and tribalism etc we are a very poor nation indeed. Infact worse than country without human and natural resources because they will at least get sympathy and AIDS from the world community.

May the Good Lord do something silly to confound 'those wise ' called leaders and touch the heart of all the citizens to change to good.

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Our population makes our economy sick!

Without sounding insultive and with my humble appologies i'd say 99.99 percent Nigerian poppulation are unproductive

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Nigeria is a very poor country with a wrong notion of being very rich.

Nigeria's population makes its oil earnings look like a pittance.

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