Oil Exploration: Govt working on newly discovered reserves,targets additional revenue | BusinessLive

[@fotodeci]

What prevents government from investing in proven resources for the country to earn bigger shares in revenue? This business of sitting aloof for the whole nation to get only 10% or less in royalties must stop.

[@ChrisHilton-n6w]

That is the part I don't understand but we can spend billions of dollars on other projects while oil is the crucial one we should invest heavily in

[@fotodeci]

@@ChrisHilton-n6w I don't get it either. The sensible thing to do is to borrow to invest in things that would bring us money. Then we can easily pay back and spend on infrastructural projects. But the kind of leaders we have borrow to spend on things that don't bring money. That's why we can't pay our debts, projects come to a standstill, and the people become poorer.