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See Nigeria Earnings From Oil Since 1958 Till Date

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Different reactions have been made against past Nigerian leaders who have at different time spear headed the country’s treasury during the era of oil boom and did nothing other than squander it all.

According to fresh reports, Nigeria had since 1958 till date gotten a revenue of N96tr. Below is the break down of revenue as gained during different regimes…

The reports confirmed that the last administration (Dr Goodluck Ebele Jonathan) got a revenue of N51tr, the largest of all the past regimes. Then ex President Olusegun Obasanjo N27 tr; late President Umaru Musa Yar’Adua N9 tr; Chief Ernest Shonekan/General Sani Abacha N1.6 tr; General Ibrahim Babangida N420 bn; General Murtala Mohammed/General Obasanjo N25 bn; Alhaji Shehu Shagari N36 bn; General Muhammadu Buhari N25 bn; General Yakubu Gowon N11.03 bn and current President Buhari N6tr.

Some notable Nigerians who spoke on the wreck less spending of past leaders include Retired Police Commissioner, Alhaji Abubakar Tsav; Second Republic politician, Chief Guy Ikokwu Second Republic lawmaker, Dr. Junaid Mohammed; and National Publicity Secretary of pan-Yoruba socio-political organisation, Afenifere, Mr Yinka Odumakin.

They attributed the mismanagement of the oil revenue to bad leadership, over concentration of power at the centre, faulty federalism among others.

They also call for immediate change in the spending of oil revenues in order to forestall economic stability whenever the oil market hit crisis again.

Vanguard

A Learner

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