Nigeria a potential rich country

The Amir of Kano Sanusi Lamido Sanusi have said the fact about northern Nigeria, but some people are trying to pull him down, when he actually need to be commended. He said that some part of northern Nigeria would be among the poorest countries if remove from Nigeria, but I want to add by saying that Nigeria at large is already among the poorest, if you analyze and compare Nigeria annual budged with other African countries, base on per capital income.

   Let start with South Africa, the country with the highest budget in Africa, followed by Egypt, Algeria, Angola, morocco, and then Nigeria.

   South Africa expected revenue in 2016 budget was 76.620billion dollars, with expenditure budgeted at 86.450billion dollars and deficit of 9.830billion dollars, while Nigeria expected revenue of 2016 was 11.408billion dollars, with expenditure of 21.210billion dollars and deficit of 9.810billion dollars. This means that Nigeria total expenditure of 21.210 billion dollars is no up to one third of South Africa expected revenue, not to even talk about the total expenditure.

   The point is that South Africa have budgeted more than 1.5 billion for 1 million South African, while Nigeria was only able to budget 117 million dollars for 1 million Nigerians. Which make me think is one of the reasons why Nigerians prefer to die in South Africa than to come back to Nigeria.

   You might not know that Nigeria is poor, until you discover hat Nigeria is only ahead of countries like Central Africa republic, Somalia, Madagascar and Burundi, in budget expenditure base on Nigeria population, and also ahead of just Burundi, Somalia and South Sudan in generated revenue expectation.

   The point is that Nigeria is a potential rich country, but  technically among the poorest, base on budget estimation.

  Niger Republic 2016 expected revenue for 1.2million people was 117 million dollars, while Nigeria 2016 expected revenue for 1.4 million people was 89 million dollars, this means that despite the fact that Nigeria expected to generate 11billion dollars more than that of Niger Republic expected revenue of 1.715billion dollars, Niger Republic are technically ahead of Nigeria, due to the fact that Niger population is just little above 20million, while Nigeria have population of more than 186million people.

   The corruption in revenue generating agencies such as NNPC, CUSTOM, FIRS, NPA, NCC, NIMASA, MIGRATION SERVICE, CBN, CAC, are the major limitation to Nigeria revenue potentials. If only the present government could be able to manage corruption, provide the needed manpower and equipment for all the above mentioned revenue generating agencies, I see no reason why Nigeria with land boundaries of 4,047 kilometers, 853 kilometers of coastline, with population of 186million, land and natural resources, cannot generate 50billion dollars annually. May God help poor Nigeria to maximize their potentials?