Nov 24, 2008 21:00
The collapse of crude oil prices from an all time high of almost $150/barrel to about $60/barrel in the last three months has jolted the major beneficiaries of our bloated export revenue. We, of course, do not include the 80% or over 100 million Nigerians who manage to find sleep every night in spite of empty stomachs in the class of major beneficiaries of our oil revenue. In reality, these hapless Nigerians are victims of the deliberate mismanagement of our economy by the political class and insensitive and parasitic public servants. In deed, the object of these 'eminent' Nigerians has never been the enhancement of public welfare, but rather political and career positioning for unfettered access to our common treasury. This primitive motivation cuts across the strata of the management of local, state and federal government.
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