Businesses are suffering, and leaders must take responsibility , Tony Elumelu Laments
Tony Elumelu, Chairman of United Bank for Africa Plc, has stated that Nigerian businesses are suffering and that citizens should hold leaders accountable.
Despite the fact that Nigeria is a wealthy country, Elumelu stated that over 90% of Nigerians live in poverty.
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On Thursday, the philanthropist chastised the country for allowing citizens to go without electricity for days, hikes in diesel prices, and alarming food inflation in a lengthy Twitter thread.
Tony Elumelu said, “This morning, I’m listening to my coworkers bemoan the very pressing issues that they face every day in this country, and how things have been getting worse and worse – no electricity for five days, diesel price hikes, frightening food inflation, and so on,” he said.
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“How can a country with so many natural resources have 90% of its citizens living in poverty and hardship?” I’ve said before that access to electricity is critical for our development, poverty alleviation, and hardship relief. And when it comes to security, our people are terrified!
“Businesses are in trouble. How is it possible that we are losing over 95% of our oil production to thieves?
“Take the Bonny Terminal, which should receive over 200k barrels of crude oil per day but only receives less than 3,000 barrels, prompting the operator @Shell to declare force majeure.”
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“Why should we pay taxes if our security agencies are unable to prevent this?” Nigeria’s inability to meet its OPEC (Organisation of Petroleum Exporting Countries) production quota is clearly due to theft, not a lack of investment.
“Oil-producing countries, meanwhile, are grinning as their foreign reserves grow. What exactly is Nigeria’s issue? We need to hold our leaders to a higher standard of accountability!
“Elections are approaching – security and resources must be top of everyone’s priority list – let’s speak up for our country’s priority.”
“When good people remain silent, evil triumphs.” In the year 2023, we must be vocal. Let’s concentrate on Nigeria. Leaders who deliver should be demanded and supported.
“By 2023, Nigeria should be well on its way to progress and development.”
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