Nigeria has so far earned over $600 billion from oil in the last 53 years.
This claim was made, yesterday, by Oby Ezekwesili, a former Vice President of the World Bank and one time Minister of Education while delivering a key-note address at the All Progressives Congress, APC, National Summit in Abuja.
She lamented that despite this huge oil revenue which was higher than what Europe needed to transform its economy, Nigeriaâ€™s Human Development Index, HDI, still remained dismal and comparable to that of Chad.
She also declared that the nationâ€™s mortality rate was comparable to that of Afghanistan.
Commenting on the problem posed by corruption to the nationâ€™s development, she said a recent survey by Transparency International indicated that 75 per cent of Nigerians believed that the governmentâ€™s fight against corruption was not effective.
She also accused the nationâ€™s political class of lacking the milk of human kindness ever since terrorist activities escalated in the Northern part of the country three years ago.
She declared that anybody who profited from the killings that had been going on the Northern part of the country must face judgement before God.
Ezekwesili also stated that the origin of Nigeriaâ€™s many problems laid with the nationâ€™s elite.
She advised the political class that its interest should not be just how to grab power, adding that they needed living people as citizens in the society they wished to govern.
The former World Bank chief also counselled the political class to consider addressing the structure of the nation since it had become obvious that Nigeriaâ€™s problem laid in its faulty foundation