Richard Dowden, Executive Director, African Royal Society, United Kingdom (UK) said this as guest speaker at this year's Nigeria Independence Anniversary Lecture hosted by the Ministry of foreign Affairs.

"More than 100 million Nigerians live in poverty- which is a quarter of the total poverty in sub Sahara Africa. Nigeria has over 10 per cent of the world's maternal mortality and child mortality and 10 per cent of world's children out of school. This is unacceptable. It is even more unacceptable that in a country with those statistics, the politicians are the highest paid in the world. $1millioin for a Parliamentary salary with another $1million in expenses is obscene"
While noting that the discovery of oil in Nigeria has become a "curse" rather a blessing, he called on government to build strong institutions that will not only promote the efficient utilisation of resources but also ensure consistency and continuity in governance.
He warned that unless the disparity between the rich and poor are narrowed, the nation stands the risk of witnessing a mass revolt similar to the one currently going on in the Arab world.
"I think there are good reasons why the Arab spring has not happened south of the Sahara. But I think it will if the young, globally- connected generation coming up through now, are unable to fulfil their potential. It is a matter of time.
"Think of development as a project not for next week but for your great grand children. But start now"
Dowden, who is currently the Director of Africa Royal society, identified "unfairness in the system of resource allocation" as reason for the fierce competition" which the country is currently experiencing.

He blamed past government for engaging in wrong economic policies which he said were done for political reasons.
He said: "But the fifth and main problem that Nigeria faces is politics often, Nigeria and much of Africa has followed the wrong economic policies for political reasons. Adding "this has accounted for the over one hundred million Nigerians living in poverty.
"After oil and corruption which are closely linked, I would say that Nigeria's reputation in the past still puts off investors and tourists.
"What I see here is that perceived or real unfairness in the system of resource allocation has led to fierce competition for success- or just survival. I would say that the competitive, creative spirit this creates is far more powerful than in any other country in the world".
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