They Should Be Rich, But Their Economy Is Stuck in a Rut | Econ
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Published 2024-08-03
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All Comments (21)
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I thought things were bad in South Africa until I went to Nigeria. Wish the government can do better
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As a Nigerian oil has been a cures to us
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When terrible economies of Egypt and South Africa is beating it then things are really bad.
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They are rich in oil, but corruption is the causes of the country still poor, bad management.
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Nigerian economy has plummeted from $500 billion in 2014 to $252 billion in 2024
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It's inspiring to see the potential for innovation and diversification despite the hurdles.
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And yet people are having more and more children born into absolutely miserable poverty.
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Nigeria is potential man. They should rename it Megumia.
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Nigeria is another IMF CLIENT
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Nigeria and all african countries should learn from the successful chinese and vietnamese economic model which brought prosperity to these two nations in a short time
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Oil may be a curse of sorts, but where would the country be without any oil? They still have a tremendous amount of potential, but a lot of things will need to start changing.
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Nigeria’s failures are its own.
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government should calibrate changes and see immediate results before full implementation
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there a 5 economies: Developed, developing, Japan, Argentina...and Nigeria
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Would love to see a video on Jamaica economy
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Great video! Nigeria has so much potential but sadly corruption is so ingrained in our society. Not just by the elites in the government, but even in every day life. Until that problem is solved, achieving sustainable growth will be extremely difficult.
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Raw materials doesn't mean that a country will be rich in fact it is a sure way to be poor.
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I was taking this video seriously up until you started showing video footages of Kenya to describe Nigeria. Do you people do research at all? Or you just get AI generated scripts and random stock footages? This is not professional!
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Either he let go, or Nigeria ends up like Sri Lanka.
