Nigeria: Hope for a New Dawn (III) - Ameliorating Poverty and Unemployment

opinion

Any analysis of Nigeria's socioeconomic indicators almost invariably points out the sharp contrasts between the vast natural and human resources of the country and the abject poverty of its people.

Those contrasts have sharpened in the last 15 years, particularly from 2009 to 2014. Nigeria's enormous wealth is acknowledged and the potentials of economy to grow and sustain the government's development plans are also recognised. If these resources are tapped and optimized for the benefit and wellbeing of the majority of the citizens, Nigeria would rank among the world's greats. But it has been punching below its weight in regional and global affairs. Much of the problem is caused by mismanagement, not only of resources, but of the economy too. One of the fallouts of this is the twin-evils of mass unemployment and mass poverty, constituting a serious challenge for the country. Many reports have found correlation between both and the high level of insecurity that stalks the land.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.