Nigeria is not quite the most corrupt country on earth. But according to Transparency International, which monitors international financial corruption, it is not far off — coming a shameful 172nd worst among the 215 nations surveyed.
Only countries as dysfunctional, derelict and downright dangerous as Haiti or the Congo are more corrupt.
In theory, Nigeria’s 170 million-strong population should be prospering in a country that in recent years has launched four satellites into space and now has a burgeoning space programme.
Frankly, we might as well flush our cash away or burn it for all the good it's doing for ordinary Nigerians

Moreover, Nigeria is sitting on crude oil reserves estimated at 35 billion barrels (enough to fuel the entire world for more than a year), not to mention 100 trillion cubic feet of natural gas.
It also manages to pay its legislators the highest salaries in the world, with a basic wage of £122,000, nearly double what British MPs earn and many hundreds of times that of the country’s ordinary citizens.

The oil industry is highly corrupt, with 136 million barrels of crude oil worth $11 billion (£7.79 billion) were illegally siphoned off in just two years from 2009 to 2011
No wonder the ruling elite can afford luxury homes in London or Paris, and top-end cars that, across West Africa, have led to the sobriquet ‘Wabenzi’, or people of the Mercedes-Benz.
Yet 70 per cent of Nigerians live below the poverty line of £1.29 a day, struggling with a failing infrastructure and chronic fuel shortages because of a lack of petrol refining capacity, even though their country produces more crude oil than Texas.
And that poverty is not for want of assistance from the wider world.
Millions of Nigerians are living in poverty, despite the country earning huge profits from its oil deposits
70 per cent of Nigerians live below the poverty line of £1.29 a day, struggling with a failing infrastructure and chronic fuel shortages
Since gaining its independence in 1960, Nigeria has received $400 billion (£257 billion) in aid — six times what the U.S. pumped into reconstructing the whole of Western Europe after World War II.
Nigeria suffers from what economists call the ‘resource curse’ — the paradox that developing countries with an abundance of natural reserves tend to enjoy worse economic growth than countries without minerals and fuels.

The huge flow of oil wealth means the government does not rely on taxpayers for its income, so does not have to answer to the people — a situation that fosters rampant corruption and economic sclerosis because there is no investment in infrastructure as the country’s leaders cream off its wealth.


Nigerian police can often be easily bribed to look the other way in a country where corruption in Nigeria is endemic
Corruption in Nigeria is endemic — from parents bribing teachers to get hold of exam papers for their children through clerks handed ‘dash’ money to get round the country’s stifling bureaucracy to policemen taking money for turning a blind eye.


Read more: http://www.dailymail.co.uk/debate/article-2387359/Nigeria-country-corrupt-better-burn-aid-money.html#ixzz2bjaryqrF

Which way NAIJA....its high time we tell ourselves d truth....TRUTH dey say is bitter as wormwood!

Joycelyntee366: Which way NAIJA....its high time we tell ourselves d truth....TRUTH dey say is bitter as wormwood!

The truth is these aids and grants are not for free! shine ur eyes!

Just in case? Space is booked!

buy4me:
The truth is these aids and grants are not for free! shine ur eyes!

they use it to promote their fagggot agenda

Why cant these saintly Brits stop their banks from accepting deposits/lodgements from our corrupt politicians & make repatriation of such cash less cumbersome ? Funny people

Truly giving Nigeria aid money is a crazy idea. Why not give the money to those who really need it. Britain is dumb!

talktimi: Why cant these saintly Brits stop their banks from accepting deposits/lodgements from our corrupt politicians & make repatriation of such cash less cumbersome ? Funny people

I wonder.

Very true. Nigeria is the worst country. Blessed by God Almighty but destroyed by our leaders through corruption.