Stop searching for oil in north, it can't save Nigeria's economy

Stop searching for oil in north, it can't save Nigeria's economy - Senator Ben Murray-Bruce

- Senator Ben Murray-Bruce has warned the federal government against concentrating on searching for oil in the north

- The lawmaker said the oil could not save Nigeria's economy

- Murray-Bruce, however, urged the federal; government to educate about 12 million out of school children

The Senator representing Bayelsa east senatorial district in the National Assembly, Ben Bruce, has lamented the nation’s continued quest to discover oil in the north rather than educate about 12 million out of school children.

Channels TV reports that the lawmaker said the situation is a sad one in that the crave for oil was coming at a time when the world is phasing out crude.

Legit.ng gathered that Senator Murray-Bruce stressed that oil would not save Nigeria with a reference to Venezuela a nation with one of the largest crude oil reserves.

He said: “We spend more money prospecting for oil in northern Nigeria than on educating our 12 million out of school children, at a time when the world is phasing out crude oil. Venezuela, the country with the largest crude oil reserves in the world, is bankrupt! Oil cannot save Nigeria.”

He further stressed that the Nigerian population is growing faster than its economy, noting that if priorities are not set right, situations in the country will grow worse.

“Our population is growing faster than our economy. With this new revelation about the automobile industry unstoppably heading towards electric cars, it is only going to be worse if we don’t act now. Are we even preparing for life after oil? It is coming whether we like it or not.

Meanwhile, Legit.ng had previously reported that President Muhammadu Buhari urged investors in Dubai, United Arab Emirates to come and invest in Nigeria where they would make profits from returns on investments within the shortest possible time.

It was reported that Femi Adesina, the spokesperson of the president disclosed that Buhari made the statement on Monday, April 8, when he met with six different groups of investors at the sidelines of the annual investment meeting in Dubai, United Arab Emirates.

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