Monday, September 1, 2008
30 million a day?
Was just wondering...apart from chicken farming by presidents, what legitimate business could earn you that huge amount of money. In Nigeria.
Make 30 million naira a day from chicken farming
Telegraph.co.uk
President comes clean to fight corruption crackdown
By David Blair, Africa Correspondent(Filed: 25/11/2004)
Nigeria sought to draw a line under decades of corruption yesterday when President Olusegun Obasanjo declared his private income, disclosing that he makes £140,000 a month from a chicken farm.
Mr Obasanjo, the first Nigerian leader to declare his assets, told a bemused nation that his farm in Otta state yields annual profits approaching £1.7 million.The president's spokesman, said his declaration was part of a government campaign to clean up Nigeria.
The farm also stocks ostriches, pigs and fish and boasts a conference centre where Mr Obasanjo hosts regional summits.Previous Nigerian leaders gloried in looting their country's oil wealth. Gen Sani Abacha, the military dictator who died in 1998, stole between £1 billion and £3 billion. Despite scouring the world for his assets, the government has recovered less than £500 million.Despite the crackdown, official corruption continues on a wide scale. Nigeria is Africa's largest oil producer, earning about 95 per cent of its hard currency from daily exports of two million barrels. But about 50,000 barrels are stolen every day and sold for huge profits.
http://nigerianmuse.com/important_documents/Obasanjo_farm_wealth.htm
Forgive me if i sound like an ignoramus when it comes to agricultural matters but can anyone please explain to me how one earns over 30 million naira each month from an animal farm??@#$$
President comes clean to fight corruption crackdown
By David Blair, Africa Correspondent(Filed: 25/11/2004)
Nigeria sought to draw a line under decades of corruption yesterday when President Olusegun Obasanjo declared his private income, disclosing that he makes £140,000 a month from a chicken farm.
Mr Obasanjo, the first Nigerian leader to declare his assets, told a bemused nation that his farm in Otta state yields annual profits approaching £1.7 million.The president's spokesman, said his declaration was part of a government campaign to clean up Nigeria.
The farm also stocks ostriches, pigs and fish and boasts a conference centre where Mr Obasanjo hosts regional summits.Previous Nigerian leaders gloried in looting their country's oil wealth. Gen Sani Abacha, the military dictator who died in 1998, stole between £1 billion and £3 billion. Despite scouring the world for his assets, the government has recovered less than £500 million.Despite the crackdown, official corruption continues on a wide scale. Nigeria is Africa's largest oil producer, earning about 95 per cent of its hard currency from daily exports of two million barrels. But about 50,000 barrels are stolen every day and sold for huge profits.
http://nigerianmuse.com/important_documents/Obasanjo_farm_wealth.htm
Forgive me if i sound like an ignoramus when it comes to agricultural matters but can anyone please explain to me how one earns over 30 million naira each month from an animal farm??@#$$
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