Nigeria squandered chance to increase ECA â€“ Ezekwesili
A former Minister of Education, Mrs. Obiageli
Ezekwesili, said on Tuesday that Nigeria
squandered the opportunity to build its reserve
and Excess Crude Account to close to $100 billion.
Ezekwesili in several tweets said it was shameful to
see people who oversaw and supported the
depletion of Nigeriaâ€™s huge oil reserves for six
years walking freely.
Her tweets reads: â€œThe tragic thing is seeing people
who oversaw or supported the depletion of huge
revenues in six years stumping around.
â€œWhat a HUGE DIFFERENCE, had Nigeria BUILT UP
RESERVE including Excess Crude of say $100billion
as should have been! SQUANDERED
The former minister added that President
Muhammadu Buhari must make hard choices to
address fuel scarcity in the country.
She said most citizens do not want â€œendemically
corruptedâ€ oil subsidy scheme to continue, adding
that the Federal Government must convince
Nigerians with credible sector reform plan.
Ezekwesili said citizens were losing huge
productivity hours to find and buy fuel products.
A situation, she said, was inconsistent with
Nigeriaâ€™s desire to improve efficiency.
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