Abubakar Suleiman
Abubakar Suleiman

@suleimana

6 Tweets 2 reads Feb 19, 2023
Nigeria is not an oil-rich country, unless rich now has a different meaning.
I have never heard anyone describe the US as oil-rich though they produce 6 times as much crude as Nigeria.
The illusion of oil wealth is misleading and has lead to a lifestyle we cannot sustain.
We now have an elite that cannot point to an agricultural or industrial base but live like their counterparts from elsewhere with centuries of building things the world needs
And a middle class that resists taxation & insist on subsidies we cannot afford
-as for the government
Government should exist to oversee economic activities and social interactions, not replace them.
We keep building unsustainable bureaucratic infrastructure that hasn’t created economic value. On the contrary, we prosper in their absence, in movies, music and technology.
In the spaces where they restrict themselves to light and effective regulations, the result are clear for all to see. From telecommunications to pension, government is better at providing oversight than operating businesses.
We need a government that does fewer things better-
A government that recognizes we are NOT an oil-rich country, but an ailing country with weak infrastructure and low productivity.
- highly capable but poorly educated workforce that needs to be tooled to compete globally.
To become a rich nation, we must understand we are not.
We are rich but our real wealth is our people, not oil, not land, not gold.
And we are not treating our people as we would our wealth, we are not protecting our population as we protect our pipelines, we are not investing in our schools the same way we invest in our oil rigs.

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