Abuja – Mr Waziri Adio, the Executive Secretary, Nigerian Extractive Industries Transparency Initiative (NEITI), on Tuesday said that there was no reason for Nigeria to have 110 million people living in poverty.

“With the kind of money Nigeria made from oil in the past decades, there is no reason it should have 110 million poor people,’’ Adio said during a visit to the News Agency of Nigeria (NAN) in Abuja.

The NEITI boss said that the visit was aimed at renewing collaboration between the two organizations to end corruption, impunity and mismanagement in the country’s oil, gas and mining revenues

Adio said for years, Nigeria enjoyed being an oil producing nation and reaped trillions of dollars in oil wealth, yet did not reach all levels in the society due to mismanagement and corrupt practices.

“For too long our country is used as a symbol for anything that is wrong in terms of countries that are endowed with resources. We want that narrative to change.

“If you recall, countries like Ghana, Kenya and others have also discovered oil and the first thing they do is to say how do we ensure that this resources will not lead us to the situation where Nigeria has been.

“A situation where natural resources lead to corruption, mismanagement and acute poverty.

“The Vice-President recently said that about 110 million Nigerians are poor. With the kind of trillions that we have made from oil, we have no reason to be there.

“We have no reason to have even 10 million Nigerians poor. So we want to change the narrative of Nigeria from the Norways of this world to the UAEs and the Botswana of this world,’’ he said.

He encouraged the National Assembly, the Economic and Financial Crime Commission and office of the Auditor-General with oversight functions to make use of the wealth of information in NEITI reports to fight corruption.

NAN recalls that in 12 years since NEITI’s establishment, it had published several reports that showed under remittance of revenue by NNPC to the federation account.

It ‘s reports also revealed cases of under remittance of taxes by multinational corporations in the sector, the shoddy way the subsidy of petroleum products were handled and the impact of illegal mining among others.

Meanwhile the Managing Director, News Agency of Nigeria, Mr Bayo Onanuga assured NEITI of the agency’s support.

“ A lot of things are happening; people are stealing our money; there is impunity over the place and we seem powerless. Sometimes even prosecution agencies seem powerless.

“When they take accused persons to court, the lawyers will come with their interlocutory injunctions and all kinds of things.

“Judges will give a suspect medical leave. This can only happen in Nigeria and I share his (Buhari) frustrations and I hope NEITI can help overcome all these problems,’’ he said.

He assured NEITI of NAN’s readiness to partner with the organisation in propagating all the frightening reports of the plundering of the nation that had been happening for decades.

Source: http://www.vanguardngr.com/2016/07/110m-people-no-business-poor-nigeria-says-neiti-boss/

Life is good with LG ELECTRONICS

Mr Waziri Adio and senseless comments are like.............

Name so

Mtcheew

Nigeria's case get as e be. The problem is known and even the solution is available, yet nothing is done.

110 Million

How many we be for dis OgbodoNigeria sef?

I made FTC..








don't even know what this guy is saying. .. evry thing in Nigeria is pooor..

Nigeria needs revolution.until d youth wakes up,oyo for dem

As if they choose to be poor....

LastMumu:
I know this sounds off topic and stup1d but at times when I'm alone, I dye my hair white, lick the kitchen floor and pretend I'm a mop.

I feel you

I hate to disrespect elders i would have called Mr Waziri an eediot. Majority of Nigerians are poor simply because our leaders & pple in power do fix their children in big companies, government agencies & ministries. They would nw be preaching to children of nobody to be self employed or start farming.

pls someone should brief me jare

everytime I think about the situation of this country, I feel like killing all the past leaders that are still alive

Oga NEITI boss, and you not correct. There are countries richer than Nigeria, unfortunately which have some or number of her citizens living below poverty line. Go to Germany, Denmark US etc, but there are homeless people on there Streets.

12 years and this is all you can say Proffer solutions not complaints! A na akogheri! Mtchew!

Who should be blamed?
Leaders or the Led

Need something on Jumia?
Contact me Now!

Crieff:
As if they choose to be poor....

i can bet my left ball, u didn't read the thread

agrovick:

I feel you

r u guys frm same zoo

Buhari oo

canDy4eva:
r u guys frm same zoo

Rotfl

Define zoo

Sunofgod:

Nice dp!
Never knew gifs could be used!

Meaning Nigeria should have been Luxembourg of Africa based on the GDP.

The gap between the Rich and the poor is so wide. NigeriA need to wakeup!

Suffering and smiling says Fela. God has even left this continent called Africa

Where s d job promised

This is a very senseless word from this dummy. He should simply resign his position

Start with the present ones

rawpadgin:
everytime I think about the situation of this country, I feel like killing all the past leaders that are still alive