Mrs Okonjo Iweala’s latest speech explaining Nigeria’s debt to the oil companies and how marketers despite being spoken to still shut down the country is an interesting one.
So, the main reason Nigerians have been subjected to long queues at the filling station was because government owed oil marketers ₦200billion, ₦159 of which is for foreign exchange differential – Whao, what a country indeed!
I think Mrs Okonjo-Iweala has sacrificed a lot but there is something seriously wrong here. Just listening to the video clip makes one cringe that there is a way that Nigeria turns smart, honest people to a complete joke.
Mrs Okonjo-Iweala claimed the government has not done anything wrong. In the same vein, she acknowledged that there was a fraud going on in the oil industry (well, Nigeria foetus knows that). But why do we let this lie for such a long time?
And for a country who chose to refine its oil overseas, why did no one thought of the impact of exchange rate before naira was devalued?
Then it makes me wonder, how many people in the government are involved in this oil business in the first place, just seems we are going in circles.
Enjoy the clip: 0 to 6:43 is worth the time I think.