Nigeria, like some other countries in Africa cannot be said to be a fully developed nation. Therefore, scholars refer to Nigeria as a 'developing nation'. However, Nigeria is always regarded as the 'Giant of Africa' due to her influence and prominence on the African soil.
Moreover, Nigeria has surpassed most of other African nations in terms size, natural resources, unity, human resources, government, education, civilisation, sports, population, technology, science, art, health, and the most important one, Economy Economy is rated above the other factors because it forms the basis of progression and development in the nation.
Some scholars sometimes state that Nigeria being the giant of Africa is pointed towards the economy which they refer to as 'the giant in Nigeria' Having understood the above explanations, it is important that we take a look at Nigerian Economy and see how it has become so prominent as to lift the nation to such predominant height in the International world. Nigeria is a mixed economy state, that is, we practice both capitalism and socialism in our Economic system. This implies that the means of production and distribution of goods and services in the country are controlled by both the Government and private individuals like Aliko Dangote, Mike Adenuga and so on. However, the economy of the nation lies greatly on the natural resources at her disposal. Typical of these resources are crude oil (petroleum), tin, coal, limestone, iron, copper and so on. The greatest of these resources is crude oil (petroleum) because it serves as the cornerstone or a solid foundation on which the Economy of Nigeria is erected. At this stage, what do you think that Nigerians or Nigeria can do to accelerate the Economy of the Nation? Please comment your views below : #have your say#
Share this article with your friends.
No comments:
Post a Comment