Connect with us


Tony Elumelu laments state of Nigeria, how thieves steal 95% oil production



Nigerian economist and philanthropist, Tony Elumelu has taken to the microblogging site, Twitter to express his disappointment in the leadership of the country.

In his thread published on Thursday morning, March 17, the Transcorp chairman stated that Nigerians should get their Permanent Voter’s Card (PVC) and put the ideal presidential candidate in power.

Elumelu recounted how he listened to his colleagues at the office bemoan the pressing issues they face in the country which include no electricity for five days, hikes in the price of diesel, frightening food inflation, among several other challenges.

Speaking further, the philanthropist revealed the need to be vocal about the forthcoming 2023 general election; Elumelu mentioned in his thread that he is wondering why a nation that is so rich in natural resources, has 90% of its citizens living in hardship and poverty.

READ ALSO: Nigeria loses N68bn daily as oil production declines, Libya closes in on number one spot

He also mentioned that evil prevails when people are silent, Elumelu added that in 2023, Nigeria must be on a strong trajectory for progress and development.

Elumelu who pointed out that oil-producing countries are ‘smiling’ as their foreign reserves are currently rising, stated that we need to hold our leaders accountable.

Here is what Elumelu wrote on Twitter:

“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.”

Join the conversation


Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now