The same reason why Iraq and Iran are so poor. Even Saudi Arabia the kargest oil producer in the world has 30 percent of its population below the poverty line. Wealth is not always distributed evenly. The owners of the oil companies are rich, but the workers kjust get enough to live. Corruption is widespread and there is almost no system of welfare. Wealth is in the hands of a few and many continue to starve.Why is Nigeria still poor despite having all that oil?
Political corruption and corporate corruption in that African country is huge and everything is sponsored by powerful groups in the west and the USA, oil has not benefited socially and economically to a large population of Nigeria.Why is Nigeria still poor despite having all that oil?
An unequal distribution of capitalism. Like Mexico, it is corrupt, resulting in rich and poor.
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