LAGOSBLAME— SOME eminent Nigerians, yesterday, said they were not surprised that Nigeria made little or no gains in terms of better welfare for it citizenry from the over N96 trillion the country has earned as revenue from crude oil since 1958.


According to Vanguard’s exclusive story published on Sunday, about N51 trillion of the money was earned during the over five years of the immediate past Goodluck Jonathan’s administration.

Others include: President Olusegun Obasanjo (N27 trillion); late President Umaru Musa Yar’Adua (N9 trillion); Chief Ernest Shonekan/General Sani Abacha N1.6 trillion); General Ibrahim Babangida (N420 billion); General Murtala Mohammed/General Obasanjo (N25 billion); Alhaji Shehu Shagari (N36 billion); General Muhammadu Buhari (N25 billion); General Yakubu Gowon (N11.03 billion); and President Muhammadu Buhari (N6 trillion).

Attributing the mismanagement of the princely sum to corruption, bad leadership, faulty federalism and over concentration of power at the centre, abandonment of the parliamentary system of government, which encourages lean government and ensures checks and balances, the eminent Nigerians called for urgent solutions or the trend might continue.

Among those who spoke to Vanguard were 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.
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