Where does Libya’s oil money go?

A Point of View, Libya, Middle East & North Africa, Politics | | February 20, 2011 at 16:55

According to m&c (Monsters & Critics) News: “Thanks to its oil wealth, Libya has the highest per capita income – an estimated 12,000 US dollars in 2010 – among African nations.”

This is amazing when you know that 2/3 of the people live on less than $2/day.

Libya has the largest oil reserves in Africa. Where does their revenue go? Certainly not to the people.

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