We as Nigerians we have crude oil but our country is still poor and going backward on a daily. And the question is, is it suppose to be so as an oil producing country, states, LGA's and communities?
When you travel and log in to our local communities in the villages as SPDC Shell host communities that has now been taking over by Renaissance, you see that there's nothing to write home about.
The local content agreement has it that they will bring development to the Shell host communities, things like,
1. Electricity.
2. Good roads.
3. Scholarships.
4. Borehole's water.
5. Youths empowerments.
6. Employment in their companies.
7. Monthly stipends for old men/women
etc
But none of these is being carried out.
Can I ask a simple question? Oil is a national resource. By law, to whom do the nation's resources belong? I looked into it and here's what I found out! The Constitution of Nigeria: According to Article 44 (paragraph 3) of the 1999 Constitution of the Federal Republic of Nigeria, all ownership and control over any minerals, mineral oils (oil), and natural gas within the country's territory, underground, in its territorial waters, and in its exclusive economic zone belong to the Federal Government.
The answer to your question: your government manages the oil revenues. It is the government you need to ask-where does this money go....