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“We have to grow up. We cannot blame Europe and America for our problems; we have mismanaged our economy, we have misplaced our priorities, we have not understood the importance of development. We think these roads and bridges are developments and not the human beings. “How much are we spending in an attempt to give ourselves cheap fuel? $3billion or $4billion a year? So-called petroleum subsidy? Imagine putting that money into education or into power or industry. That won’t deal with migration unless we have jobs. Why can’t we have electricity?” Public Policy 

Nigeria spends about $4billion annually on fuel subsidy

Money that could help the poor: EDUCATION, INFRASTRUCTURE AND HEALTH The Emir of Kano, Sanusi Lamido Sanusi, has lamented that the richest man in Africa is from Nigeria and ironically, the country “is also the poverty capital of the world”. According to him, Nigeria had no basis for spending $3billion to $4billion annually on fuel subsidy. Speaking at the launch of “From Frying Pan to Fire”, written by the Chairman of ThisDay Editorial Board, Mr. Olusegun Adeniyi in Abuja on Thursday, Sanusi claimed Nigeria is now the headquarters of poverty…

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