VOICED: Nigeria's oil riches benefit few 50 years after independence

The video discusses Nigeria's frequent power shortages and the reliance on costly, environmentally harmful generators. Despite being oil-rich, Nigeria struggles with electricity supply due to mismanagement of oil wealth and corruption. The political elite have captured oil revenues, hindering progress. However, Nigeria's economy grows steadily, and President Goodluck Jonathan promises reforms in the electricity sector for a brighter future.

What is a major consequence of frequent power shortages in Nigeria?

• Increased reliance on solar energy

• Widespread use of individual generators

• Reduction in oil production

• Improved environmental conditions

What is a significant issue with Nigeria's oil revenue?

• It is invested in renewable energy

• It is primarily used for environmental projects

• It is evenly distributed among citizens

• It is mismanaged and captured by the political elite

What is identified as Nigeria's biggest problem according to economists?

• Poor educational system

• Overpopulation

• High level of corruption

• Lack of natural resources

Despite challenges, what is the growth rate of Nigeria's economy?

• 8-9% per year

• 6-7% per year

• 4-5% per year

• 2-3% per year

What has the current Nigerian President promised to improve?

• Education sector

• Healthcare system

• Electricity sector

• Transportation infrastructure