BY ODIGIE OKPATAKU

Veteran comedian Alibaba has shared his thoughts on Nigeria’s heavy dependence on oil revenue. In a post, he compared the situation to an overloaded power socket, saying the load would eventually become too much and fail.

He explained that instead of states and agencies finding ways to generate their own income, they kept waiting for money from the federal account. According to him, funds that could have developed the country to the level of Dubai or Abu Dhabi were stolen over the years.

Alibaba said the current government inherited the problem, but previous administrations also did nothing to change it. “It’s now that the Single Treasury Account makes sense,” he wrote, referring to efforts to centralise and track government funds.

He also criticised the habit of selling crude oil or borrowing against it while leaving the burden for future leaders.

“Just sell the crude, borrow against it, and let the next government worry,” he said.