Nigeria and Saudi Arabia have the common problem of over dependence on crude oil for economic survival. Both countries are facing declining revenue, however whereas the population of Saudi Arabia is only a fraction of the population of Nigeria Saudi Arabia makes several times more money from crude oil sales than Nigeria. It has been demonstrated that Nigerian law makers and politicians are the best paid in the world. Meanwhile while Saudi is adjusting to reality, planning for post oil economy and cutting salary of ministers by 20%, Nigerian law makers are busy adding figures to budget for themselves, trying to sell all the remaining national assets and are still collecting huge amounts of money as security votes. It goes a long way to show that our leaders are not really appreciating the problem facing the country. We are still funding a big government with scarce resources. In any case Kudos to senator Ben Bruce who has suggested cutting of salary of politicians as a way of saving money. Whether the politicians will listen to him is another kettle of fish.
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