Re: USA Africa Dialogue Series - Has globalization failed in Nigeria?

michael ilesanmi

On Apr 4, 2015 12:46 AM, "'Ikhide' via USA Africa Dialogue Series" <usaafricadialogue@googlegroups.com> wrote:

"Since 1960, over $600 billion in oil revenues has flowed into Nigeria's coffers; it represents an opportunity unavailable to much of the developing world. These petrodollars could have been spent pro­duc­tively, could have transformed agriculture, laid the foundation for an effective public education system, pro­vided much-needed infrastructure. Yet, according to the World Bank, of that $600 billion, $300 billion has simply disappeared into overseas bank accounts through theft and corruption."

http://insights.som.yale.edu/insights/has-globalization-failed-nigeria

I have another source document that insists that $400 billion was looted. By the way, Oby Ezekwesili and others use these figures...

- Ikhide

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