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Billionaire Tony Elumelu Attack Nigerian Leaders Over Poverty, Hardship, Power Outage

Tony Elumelu lamented over the worsening electricity, hike in prices of diesel, and its effect on businesses in the country.

The Chairman of United Bank for Africa Plc, Tony Elumelu has launched a vocal attack against Nigerian leaders over the numerous challenges confronting the nation.

Billionaire Tony Elumelu Attack Nigerian Leaders Over Poverty, Hardship, Power Outage

Elumelu Laments Over Nigeria’s Challenges

In a post shared on his Twitter page on Thursday, the billionaire lamented that businesses in the country were suffering and citizens are facing “pressing issues’ like poor electricity, hikes in the price of diesel, and frightening food inflation.

Elumelu noted that despite being a rich country, Nigeria cannot meet its crude oil production quota because the nation is losing over 95 percent of oil production to thieves.

He stated that evil prevails when good people are silent, urging Nigerians to hold the leaders accountable and be very vocal about the forthcoming 2023 general elections.

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Businessman wrote, “This morning, I am listening to my colleagues at the office bemoan the very pressing issues that they face every day in this country, and how things have been getting worse and worse – no electricity for 5 days, hikes in the price of diesel, frightening food inflation, etc.

“How can a country so rich in natural resources have 90% of its citizens living in hardship and poverty? I have often said that access to electricity is critical for our development, alleviation of poverty and hardship. And speaking of security, our people are afraid!

“Businesses are suffering. How can we be losing over 95% of oil production to thieves? Look at the Bonny Terminal that should be receiving over 200k barrels of crude oil daily, instead it receives less than 3,000 barrels, leading the operator @Shell to declare force majeure.

“Why are we paying taxes if our security agencies can’t stop this? It is clear that the reason Nigeria is unable to meet its OPEC (Organisation of the Petroleum Exporting Countries) production quota is not because of low investment but because of theft, pure and simple!

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“Meanwhile, oil-producing countries are smiling as their foreign reserves rise. What is Nigeria’s problem? We need to hold our leaders more accountable!

“Elections are coming – security and resources need to be everyone’s agenda – let’s be vocal for our nation’s priority.

“Evil prevails when good people are silent. We need to be vocal about 2023. Let’s focus on Nigeria. Demand and advocate for leaders that deliver. In 2023, Nigeria must be on a strong trajectory for progress and development.”

KanyiDaily recalls that Kaduna State Governor, Abdullahi Ganduje says the challenges confronting Nigeria are attributable to the faulty foundation laid by the European colonial masters.

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