Reply to "THE OIL AND GAS SECTOR… We don’t intend to make the mistakes of other countries – Business Minister"

THE OIL AND GAS SECTOR… We don’t intend to make the mistakes of other countries – Business Minister

Jan 18, 2018 News, https://www.kaieteurnewsonline...s-business-minister/

By Kiana Wilburg
In the beginning, oil seemed to be a tremendous economic turning point for the nation. The country earned billions of dollars in revenue; about US$9B to be exact. But with all that money in its pocket, Chad it seemed, ended up in a situation of ‘more money more problems’.

Instead of oil revenues being used to increase poverty alleviation and improve public services like education, infrastructure, and healthcare—It brought instead, more corruption, pollution, and the misuse of natural resources.

Additionally, the World Bank in one of its reports on this nation found that Chad’s oil failed to reduce poverty, but instead became associated with increased civil conflict and a worsening of governance.

In short, Chad is worse off than it started. To read more in this regard, follow this link: https://www.kaieteurnewsonline...ow-about-exxonmobil/

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