www.mathaba.net http In the time Gaddafi came to power the oil companies were under American control who were exploting more 2 million barrels per day. Gaddafi nationalized oil industry and limited the exploatation. Lybia now produces 1.6 million barrels of finest quality oil per day, which is worth around 6 billion dollars per month. Thanks to this high revenue from oil, Libya is on of the richest countries in Africa and has 11000$ GDP per capita, with population of 6.4 million. The unemployment rate is around 15%, but each unemployed person is receiving 500$ per month as a help from the state. A young couple can take a loan from bank up to 200000$ free of any mortgage or interest. The consumption of alcohol and drugs is forbidden by law. The food is very cheap, petrol costs around 15 cents per liter, electricity is virtually free. The education is free in Libya and scholarships are provided for those that want to study abroad.The health care is free, and it is the best in Africa with many foreign medical staff working there. Before the chaos erupted, Libya had a lower incarceration rate than the Czech republic. It ranked 61st. Libya had the lowest infant mortality rate of all of Africa. Libya had the highest life expectancy of all of Africa. ( America is #1 with 1 in 99 in prison) Less than 5% of the population was undernourished. In response to the rising food prices around the world, the government of Libya abolished ALL taxes on food. People in Libya were rich. Libya …
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