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Wednesday, 19 February 2014

Unit 4: Growth in Nigeria - Excellent video clip

This is a short clip that explains the many issues facing a developing country - even one that is oil rich.

Click here to access the article - it includes the video clip - a must watch

Issues such as:

  • Corruption
  • Poor infrastructure - this includes transport and power (electricity shortages)
  • No policy to help manufacturing
  • Reliance on oil (Primary product dependency)
  • Inefficient production methods
  • Poor education - low labour productivity


All of the above needs to be improved if Nigeria really is going to develop. However, it looks like the rich get richer and are therefore happy to drive their Porsche's around Lagos, whilst the rest of the country suffers!

Aadil / Michael - lets have a debate! :-)




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