Kingsley Moghalu, a former African Democratic Congress presidential candidate, has identified three reasons why 100 million Nigerians are impoverished.
On his Twitter page, Moghalu claimed that the majority of Nigerians are poor due to fraud, corruption, and general criminal activity.
According to him, the biggest sources of those crimes which lie in the petroleum industry and the forex market are managed by government institutions.
“Fraud, corruption, and sheer criminality is the biggest reason why 100 million Nigerians live in poverty.
“The biggest sources of these crimes lie in the petroleum industry and the forex market, both managed by government institutions,” he wrote.