NIGERIA earned $42 billion (N6.7 trillion) revenue from crude oil export between January and June 2013.
Meanwhile, the United States Energy Information Administration (EIA) has put the country’s earnings from the commodity in 2012 at $93 billion (N14.8 trillion).
EIA, which made this disclosure in its fact sheet on international crude oil revenue, released last week, estimated that the Organisation of Petroleum Exporting Countries (OPEC), earned $982 billion in net oil export revenue in 2012.
Nigeria earned higher income from crude oil export, compared to Angola, which earned $68 billion in 2012 and $33 billion between January and June 2013.
Then question on the lips of so many Nigerians especially those of us in the diaspora is that, what is the Nigerian government turning all these revenue into, because it simply seems that nothing is not changing...
We do hope the government will borrow a leaf from the great likes of countries, who uses their immense good wealth to turn their country around...though.
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