Libyans to get shares from country’s oil income: Gaddafi

September 1st, 2008 - 5:10 pm ICT by IANS  

Benghazi (Libya), Sep 1 (DPA) Libyan leader Moamer Gaddafi has said that in the coming year every Libyan family will receive directly a small portion of the country’s oil income, in a bid to prevent funds from falling into the hands of corrupt government officials, the Libyan state news agency has reported on Monday.Speaking on the 39th anniversary of the military coup that brought the colonel to power, Gaddafi said that “each Libyan will get directly his share of the oil money.”

Libya currently produces around 1.8 million barrels a day of crude oil.

“The solution to ending corruption is to end this administration which manages money spending, and put the money directly in people’s hands,” Gaddafi said.

The general added that Libyans can create their own investments and businesses with the money, and that the process would lead to a “genuine direct democracy.”

Gaddafi said in his speech that every government ministry, with the exception of justice, defence, interior and foreign affairs ministries, would be subject to a purge in the fight against corruption.

Related Stories

    Posted in Uncategorized |