NEWS

Over 80% Of Nigeria’s Crude Oil Stolen, Says Obasanjo

Former President Olusegun Obasanjo asserted that more than 80 percent of Nigeria’s crude oil is stolen. He made this declaration in Abuja during the unveiling of Dr. Umar Ardo’s book, ‘Court and Politics.’ Obasanjo attributed Nigeria’s economic downturn to the absence of proper accountability for oil production, contrasting with other oil-producing nations.

He emphasized that Nigeria’s inability to track its oil output is largely due to theft. Represented by Babangida Aliyu, a former governor of Niger State, Obasanjo highlighted crude oil theft as a major factor contributing to Nigeria’s economic woes.

Despite the ongoing debate on Nigeria’s governance system, Obasanjo defended the presidential system, citing the failure of Nigerians to adhere to established norms. Meanwhile, Prof. Ango Abdullahi, former Chairman of the Northern Elders Forum, criticized Nigeria’s leadership, advocating for a shift to address the leadership deficit and promote a healthier political culture.

Abdullahi said, “Enough of our failures. Something else must give way to our failures. We have failed this country. This must stop.”

He said, “Time has come for us to go back to the drawing boards to rescue this country.”

The former chairman of the NEF expressed sorrow over the fact that Nigeria, with a population exceeding 200 million, is grappling to produce just 4,000 megawatts of electricity.

According to him, “Enough is enough of our failure; we must agree that we failed enough.

“I visited Dantata and he was very angry with me, saying the people of the North have failed the North and Nigeria. Until the North accepts that they have failed the North and sit together to discuss the way forward, there won’t be progress.

“We gathered in 1978 when we wanted to return to civilian rule. We were to discuss why the system of 1961 failed but we were shocked when they said the parliamentary system of government was not going to be discussed and that we should go for the federal system of government.

“And they gave us two options: that of the French and America. And now we have practised the presidential system for 24 years and it has failed and I will score it F9.

“Time has come for us to go back to the drawing board so that we can save this country,” Abdullahi said.

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