Why is Nigeria a poor country?

I know some people will be wondering with this question. But it calls for a serious deliberations. For sometime now we seems not to understand Nigeria status anymore. Today we are rich tomorrow we are broke and now borrowing. 

There’s a perception out there amongst Nigerians that we are a rich country but that much of our money is disappearing down the politicians’ pockets. While the point about theft is true the idea that we are a rich country, primarily due to our oil revenues, might be false.

So, what’s your thought


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What do you think?