Libyans to get shares from country's oil income: Gaddafi
By
IANS
Benghazi: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.
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.
- Terror puts India among 20 most dangerous places
- Expatriate CEOs still feel safe in Mumbai
- Deccan Mujahideen email threatens Delhi
- UK's work-permit norms to affect Indian IT staff
- Expatriate CEOs still feel safe in Mumbai
- Inflation will moderate: Chidambaram
- Karnataka firms seek licence for modern weapons
- Taj hotel premises handed back to Tata group
- Air India cuts fares on all domestic routes
- Inflation will moderate: Chidambaram
- Terror puts India among 20 most dangerous places
- Mumbai terror: IT clients cancel Bangalore visits
- 'Terrorists have no religion; politicians, act responsibly'
- 'Mumbai terror strikes meant to hit Indian economy'
- Online social media comes alive during Mumbai attacks
- MNCs pay more to Indian staff
- Future CEOs may emerge from HR departments
- 'IT industry raised India's international image'
- Former PM V.P. Singh, the Mandal messiah, dies
- Bad bosses can give heart attacks to men




