Monday, April 14, 2014

Nigeria


       Nigeria is a country of absurd economic realities. It is the 13 largest oil producer in the world and second largest economy in Africa. Yet, its GDP per capita is among the lowest for the continent and 54 percent of its 148 million people live on less than 1 dollar per day. Nigeria has an abundance of natural resources primarily oil and natural gas. More than 67 million Nigerians are docked as poor according to standard definitions, while 35 percent of the total population live in extreme poverty.  Now Nigeria is looking to break the poverty cycle through entrepreneurial revolution. I honestly do not know how Nigeria tends to do this. With all the corruption and fragmentation in this country iI honestly do not think its possible. In order to this they have to spend on education on the poor so they can be educated. 




2 comments:

  1. you're right, with all the corruption it will be difficult for Nigeria to progress in any way. the government has to do what benefits the country as a whole not just for themselves.

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