Nigerian political economist Kingsley Moghalu said if Crude oil theft leaks plugged up, Nigeria can afford Social security bill of N1.8 trillion per year.

Moghalu made the claim in a policy paper Co-authored with Damian Ude and titled Nigeria’s Poverty Trap and How to End It.

According to both economists, the theft of crude oil will cost Nigeria about $700 million a month, or $8.4 billion a year. When security measures, effective tax reforms and rational…

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