Home BUSINESS State of the nation: Businesses are suffering – Tony Elumelu

State of the nation: Businesses are suffering – Tony Elumelu

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Finance mogul, Tony Elumelu, has taken to Twitter to lament about the state of the nation.

Elumelu highlighted the ineptitude of leaders, despite the vast resources the country is blessed with.

He stated that the country has not been able to provide basic amenities to its citizens, thereby leaving them to wallow in poverty.

Elumelu also bemoaned that businesses in the country are suffering.

He charged Nigerians on the need to hold their leaders accountable and be more vocal about their rights as Nigeria’s general election is fast approaching.

“This morning, I am listening to my colleagues in the office  bemoan the very pressing issues that they face everyday in this country and how things have been getting worse and worse-  no electricity for five days, hike in the price of diesel, frightening food inflation.

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“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 important for our development, alleviation of poverty and hardship. And speaking about insecurity, our people are afraid.

“Businesses are suffering. How can we be losing over 95% of oil production to thieves? Look at Bonny Terminal that should be receiving 200k barrels of crude oil daily, instead, it receives less than 3000 barrels, leading the operator @shell to declare false majeure.

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

“Meanwhile oil producing countries are smiling as their foreign reserve 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 focal for our nation’s prority.

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“Evil prevails when good people are silient. We need to be vocal about 2023. Nigeria must be on a strong trajectory for progress and development.”

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