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80% Of Nigeria’s Crude Oil Stolen- Obasanjo

Former President Olusegun Obasanjo, represented by former Niger State governor Babangida Aliyu, highlighted the dire state of Nigeria’s economy during the launch of Dr. Umar Ardo’s book in Abuja. He attributed the country’s economic woes to rampant crude oil theft, estimating that over 80 percent of Nigeria’s daily quota of two million barrels is stolen.

Obasanjo emphasized the need for Nigerians to adhere to proper political conduct regardless of the governance system in place.

Echoing similar sentiments, Prof. Ango Abdullahi, former Chairman of the Northern Elders Forum, criticized Nigeria’s leadership for failing to deliver progress to its citizens. He called for a collective effort to address the leadership deficit and urged a return to the drawing board to salvage the nation. Abdullahi lamented the insufficient power generation despite Nigeria’s large population, underscoring the urgency of addressing systemic failures.

Former PDP National Chairman, Prince Secondus, advocated for judicial reforms to ensure electoral decisions are determined by the people rather than the courts. However, former Attorney General Kanu Agabi countered, arguing that the judiciary has played a crucial role in preserving Nigeria’s unity.

Additionally, Dr. Okwesilieze Nwodo, another former PDP national chairman, highlighted the importance of internal democracy within political parties to reduce the judiciary’s intervention in political affairs.

IMAGE: Oasis reporters

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