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Nigeria Still Living in Poverty Despite Oil Exports
February 21st, 2007 by annnee
February 19, 2007. Maraba, Nigeria is still living in poverty despite of their high oil prices. The government earned $40 billion last year by exporting oil but still, 9 out of 10 of 140 million Nigerians earn less than $2 a day according to the estimates of the United Nations. That is such a pity since the country made a lot of money from oil exports.
”The politicians have stolen all the money. They have their children schooling overseas. I never went to school because I had to work in the farm with my father,” said 25 year old Aminu Ladan, who now lives his live polishing shoes to make around $1 a day.
President Olusegun Obasanjo has been trying to help Nigeria in many ways by launching developments that stabilize the government spending, reducing poverty, improving efficiency of the ministries that had been weakened, and upgrading private projects.
I think this event might effect the world because it tells us that a few countries are still living in poverty because of how the politicians used their country’s money for their own needs or other reasons. If these countries are not helped, who knows, some of them might be so poor that they can’t afford almost anything. Then the world won’t be the same as it is.
For the original article, click here
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2 Responses to ' Nigeria Still Living in Poverty Despite Oil Exports '
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on February 26th, 2007 at 6:06 pm
Hey, I find this a very interesting article, and it is sad to see that even though billions are being made and charities try to help these people world wide there is still a lot of poverty. But then again, it is difficult to see a viable solution to this unless toppling or replacing the government, something that is probably not going to happen for some time. Have you guys got any ideas?
on March 5th, 2007 at 8:15 am
Hey, I really enjoyed this article. I didn’t know that Nigeria is a
poor country, even though it has a high oil prices. I feel pity to those
people, because they only can earn less than $2 everyday… I thought of the same thing that you said if countries like Nigeria aren’t helped, people might not be able to afford almost anything.