Nigeria has been a blessed nation with milk and horny, Nigeria is blessed with Natural resources, they have one of the largest deposit of copper in the world, while there are many other natural resources embedded in their soil such as gold and tin. Nigerian is the largest producer of crude oil in Africa which is the major source of their export. There is no place in Nigeria that is a dessert, plants grow everywhere, especially on the southern parts, that is why Nigeria do plants many agricultural products in which they can also export. But, with how blessed Nigeria is, citizens still suffer, which is as a result of bad governmental policies that does nothing to the progress of the Nigeria.
The issue Nigeria is facing, why the country has not been good have no two main reasons, it is as a result of bad leadership, the leadership in Nigeria is poor, the leaders do not think about the citizens but only on their own and their families. Although, bad leadership has been the main reason but their are other few reasons to be included and be considered.
1. Bad leadershipNigerian leaders are corrupt, it is clear and obvious, they do not serve but only leading, that is why most of the leaders are corrupt and embezzling money, that is why they are unable to save their money in Nigeria banks but saving it abroad. If Nigeria can get good leaders, they will be able lead rightly. The old people leading Nigeria has failed their country, they should leave in peace and let the youths or peiple that are capable of, to take over and see what will hapoen, maybe the country will not progress.
2. Corruption Nigeria should try to fight corruption, currption starts from the leaders while it is passed to citizens, if truth be told, Nigerians are corrupt, they are not truthful to themselves, to the extent a child is not fully loyal to his father, and fathers not want to give all it takes to make their children truthful, nobody wants to be truthful, I have seen many people from Nigeria saying they believe a white stranger than a black person that they know. So, our level of trust is low as a result of corruption. If Nigerians are loyal and truthful, there will be change. And there should be solution to what could be implemented to fight corruption that will be effective, unlike EFCC that their former leader, Ibrahim Magu was evil and corrupt, leaving the bad leaders alone as friends but making life miserable for citizens that have no help, but also extorting money and properties from them.
3. Money embezzlingNigerian leaders like to embezzling money, it is because they only take oath but not truthful to the oath they took, that is why there will be missing funds but the leader that stole/embezzle the money will not be known, even if known, the matter will die down in court with the court not bringing it up again. The leaders do not think about how citizens are suffering but only thinking about themselves and their families.
4. Nigerians only think about running out of the country, not thinking of possible solutions80% of Nigerians wish to leave the country, but their is no just chance, some were able to leave but died in Mediterranean sea, all because they want to enter Europe for better live, some were turned into modern slaves in Libia, and a lot of things not yet talked about all because Nigeria was miserable for them and trying to travel out of the country for better living. I always feel for these people, while the governments will be flying out of the country with their jets making money not to circulate the way it ought to and yet not making the country to develop.
5. Developing our healthcare and other sectorsNigeria leader should lead by example, but they are not because our health care is bad, president, governors and rich people always go for medical treatment abroad, this is not happening in Europe, or in America or Asia, why is Africa case different in the world, and why is Nigeria case the worst. They keep on emblzing money not taking care of our health care. Hospitals that are not good enough is what they leave for their citizen whereas they are going abroad for treatment and checkups.
6. Leaders with abroad's green card should be dethroned or demotedIf you check the leaders citizenship, most of them have either UK or American green card, they are citizens to UK or America while leading Nigeria, is this called for? No. They will give birth to their children abroad so that their children can be citizen of white country and also Nigeria. That is why I have seen a white saying Nigerians are too wise, the type of wise that makes us foolish. If leaders are claiming abroad, the youths should stand and make sure they do all they can to make them not to be leaders anymore. Leaders are examples, they should not be claimimg the citizen of another country, they are bad examples.
7. Reconstruction Nigeria has to undergo reconstruction, they should practice regional governments, leaving the South South to manage their crude oil, while individual region managing what they have, this will be better than the federal government to be doing all which has resulted into failure, if we continue to practise the current system, Nigeria can not be good.
8. IlliteracyNigeria proved the point that not all that when to school are actually educated, our leaders went to school but not educated, what will a president that calls covid-19, covic 1 9 render the country? People only take it as a joke but it is more than a joke. Nigerians are choosing leaders that are not educated.
If bad leaders are removed, then these below factors can be considered to help the country to move forward, and help in its growth and development. I supposed to have addressed some above but this are well explained below.
Factors Affecting Economic Development and GrowthEconomists generally agree that economic development and growth are influenced by four factors: human resources, physical capital, natural resources and technology. Highly developed countries have governments that focus on these areas. Less-developed countries, even those with high amounts of natural resources, will lag behind when they fail to promote research in technology and improve the skills and education of their workers.
1. The Impact of Human ResourcesThe skills, education and training of the labor force have a direct effect on the growth of an economy. A skilled, well-trained workforce is more productive and will produce a high-quality output that adds efficiency to an economy. A shortage of skilled labor can be a deterrent to economic growth. An under-utilized, illiterate and unskilled workforce will become a drag on an economy and may possibly lead to higher unemployment.
2. Investment in Physical CapitalImprovements and increased investment in physical capital – such as roadways, machinery and factories – will reduce the cost and increase the efficiency of economic output. Factories and equipment that are modern and well-maintained are more productive than physical labor. Higher productivity leads to increased output. Labor becomes more productive as the ratio of capital expenditures per worker increases. An improvement in labor productivity increases the growth rate of the economy.
3. Quantity and Availability of Natural ResourcesThe quantity and availability of natural resources affect the rate of economic growth. The discovery of more natural resources, such as oil or mineral deposits, will give a boost to the economy by increasing a country's production capacity. The effectiveness of a county at utilizing and exploiting its natural resources is a function of the skills of the labor force, type of technology and the availability of capital. Skilled and educated workers are able to use these natural resource to spur the growth of the economy. And it is very clear that Nigeria have enough natural resources that can help the country to be great but it is being mismanaged.
4. Improvements in TechnologyImprovements in technology have a high impact on economic growth. As the scientific community makes more discoveries, managers find ways to apply these innovations as more sophisticated production techniques. The application of better technology means the same amount of labor will be more productive, and economic growth will advance at a lower cost. Nigeria is lacking and behind if talking about technology, they have a long way to go, they are depending on whites to provide such for them instead of them to focus on improving in technology.
Countries that recognize the importance of the four factors that affect economic growth will have higher growth rates and improved standards of living for their people. Technological innovation and more education for workers will improve economic output which lead to a better living environment for everyone. Increases in labor productivity are much easier to achieve when investments are made on better equipment that require less physical work from the labor force. So, it will be good if Nigeria pay attention to this.
https://smallbusiness.chron.com/factors-affecting-economic-development-growth-1517.html
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