- There is no interest on loans, banks in Libya are state-owned and loans given to all its citizens at 0% interest by law.
- Home considered a human right in Libya Gaddafi vowed that his parents would not get a house until everyone in Libya had a home. Gaddafi’s father has died while him, his wife and his mother are still living in a tent.
- All newlyweds in Libya receive $60,000 Dinar (US$ 50,000 ) by the government to buy their first apartment so to help start up the family.
- Education and medical treatments are free in Libya. Before Gaddafi only 25% of Libyans are literate. Today the figure is 83%.
- Should Libyans want to take up farming career, they would receive farming land, a farming house, equipments, seeds and livestock to kick- start their farms – all for free
- If Libyans cannot find the education or medical facilities they need in Libya, the government funds them to go abroad for it – not only free but they get US $2, 300/mth accommodation and car allowance.
- In Libyan, if a Libyan buys a car, the government subsidized 50% of the price.
- The price of petrol in Libya is $0. 14 per liter.
- Libya has no external debt and its reserves amount to $150 billion – now frozen globally.
- If a Libyan is unable to get employment after graduation the state would pay the average salary of the profession as if he or she is employed until employment is found.
- A portion of Libyan oil sale is, credited directly to the bank accounts of all Libyan citizens.
- A mother who gave birth to a child receive US $5 ,000
- 40 loaves of bread in Libya costs $ 0.15
- 25% of Libyans have a university degree
- Gaddafi carried out the world’s largest irrigation project, known as the Great Man-Made River project, to make water readily available throughout the desert country.
Monday, 24 October 2011
Libya and Gaddafi
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