The Nigerian Paradox
Nigeria is Africa’s gemstone in terms of natural resources its land possesses; Nigeria is 8th in the world for oil and gas reserves and it also has eighth largest population in the world. However, abundance of natural resources and huge work force only gave a prospect for a bright future. Today Nigeria is considered to be a less developed country (LDC) with few families controlling all the wealth. But first, we need to define a less developed country in order to call Nigeria one, “A country that is considered lacking in terms of its economy, infrastructure and industrial base. The population of a lesserdeveloped country often has a relatively low standard of living, due to low incomes and abundant poverty,” according to Investopedia. Nigerian op...