Liberia has recently discovered oil in commercial quantities but has only 5% share
By Honourable Saka
“Bad leadership is Africa’s major problem”, -J.A Kuffuor, former president of Ghana.
The above problem as observed by the former president will NEVER change for as long as the African people do not understand why this problem exists and how the system can be defeated. Fortunately, everybody knows very well that the corruption which the West often accuse African leaders of, is the right environment that they need for their resource-control colonialism to thrive.
Liberian oil and the Looting of Africa
The looting of African oil has begun in Grand Style, this time not in Nigeria nor Ghana but right in Liberia, also located in the West African region. For a country which has remained one of Africa’s poorest for decades, many Liberians heaved a deep sigh of relief when Liberia recently announced to have “discovered” oil in commercial quantities, joining her West African sisters: Ghana, Nigeria and some others. Oil deposits in the West African coast have existed for decades.