Is africa experiencing a wealth problem or a wealth distribution problem?

[Brizi5000]

Different school of thoughts, institutions and economists have widely pointed out that what ever challenges many African nations are facing, stem back to pore Governance, corruption and weak institutional setup. Despite the abundance of natural resources in Africa, the people still live in abject poverty because of bad governance. Wealth is in abundance here but how to ensure that the wealth is distributed to reach the masses is what’s the problem because there are some greedy set of individuals sitting as leaders who wants to control everything and embezzle the funds to enrich themselves. Lack of transparency in governance and accountability sums it all.

[Gentle_Soul]

What's your take on the current economy status of africa, do you really feel the issue we have is all about how the wealth is distributed or its about something completely different. Because i know africa do have a significant amount of minerals, oil, natural gas and agricultural resources. Yet processing all these can not actually amount to any significant economic prosperity. I feel there is so much to this more than we know. Or is it that we are not creating enough value from what we have? We also have to utilize everything we do and make good out of everything and also with bringing in more benefits for our business.

Africa is really in a very pitiful state and situation right now because there are natural resources still none can be utilize and refined properly to be able to generate revenue for the countries that are involved.i think the problem of Africa is not of minerals but the problem is lack of management or poor management of some of all this natural resources.
For a system where everything is working and the government is paying attention to details of certain things then definitely things will start working and a lot of things will definitely return to the way they are supposed to be.

[Obulis]

This matter has been for ages if actually Africa is not endowed with enough resources to keep the economy healthy and therefore transform the life of Africans. It's that simple that resources are loaded in Africa but the problem has always been resources distribution! The way and manner various nations in Africa run their government is so inhuman and poverty oriented that this resources only end up becoming a problem to the people instead of a solution. African leaders distributes these resources to themselves thereby leaving the nation handicapped of economic privileges and advantages that can facilitate personal and national development

[Tmoonz]

This matter has been for ages if actually Africa is not endowed with enough resources to keep the economy healthy and therefore transform the life of Africans. It's that simple that resources are loaded in Africa but the problem has always been resources distribution! The way and manner various nations in Africa run their government is so inhuman and poverty oriented that this resources only end up becoming a problem to the people instead of a solution. African leaders distributes these resources to themselves thereby leaving the nation handicapped of economic privileges and advantages that can facilitate personal and national development

Some times I just wonder the kind of pleasure they derive from seeing others suffering even they are not supposed to by nature, the inhumanity is of a very high level, they don't have any atom of good conscience or remorseful for their actions. I think that those in government usually have a common interest of the group they belong to which compelled them never to do otherwise, what are they even doing with the distributed resources if not for themselves and their generation to come and that is wrong. Surely, it is a wealth distribution problem that we facing.

[BigTarget]

This matter has been for ages if actually Africa is not endowed with enough resources to keep the economy healthy and therefore transform the life of Africans. It's that simple that resources are loaded in Africa but the problem has always been resources distribution! The way and manner various nations in Africa run their government is so inhuman and poverty oriented that this resources only end up becoming a problem to the people instead of a solution. African leaders distributes these resources to themselves thereby leaving the nation handicapped of economic privileges and advantages that can facilitate personal and national development

Some times I just wonder the kind of pleasure they derive from seeing others suffering even they are not supposed to by nature, the inhumanity is of a very high level, they don't have any atom of good conscience or remorseful for their actions. I think that those in government usually have a common interest of the group they belong to which compelled them never to do otherwise, what are they even doing with the distributed resources if not for themselves and their generation to come and that is wrong. Surely, it is a wealth distribution problem that we facing.

The problem with only benefiting yourself and not others is that you could live in a castle, surrounded by shit. Instead, live in an apartment, surrounded by gold. Because that is how you would want to live; just you being rich doesn't help your nation, and you could have literally selfish reasons to want to do better for yourself- not a good thing, but let's say that greed is understandable.

If you are greedy in a posh London street, that's fine; people around you are rich too. But if you are rich in a poor African town, then what benefit do you even get? Let's say you get a castle, a yacht, maids, drivers, all the food you want, the best luxury clothing, all of it. Then you set foot outside, and suddenly you are surrounded by poverty; how is that any good even for you as a rich person? You should be the richest among the rich, not richest among the poor.

[Alpha Marine]

Until corruption is being put to a stop there is no way that Africa as a whole can be Free of this and this starts with the leadership structure.

And corruption won't end until people stand up to it. The people in the country have to realise that it is their job to make sure the politicians and appointed government workers do the right thing.
I don't believe people simply do the right thing because they are good people. They do the right thing because the system demands that from them. If the people in the country concede defeat to the politicians and allow them to do whatever they want, then corruption will continue to grow. Right now, people are either too scared, too greedy, or too defeated to do anything about what is going on in the country.
The politicians have even successfully convinced the people that they are not responsible for the poor state of the country. There will be no change if you want to keep using the usual system that favours politicians alone.

Will the situation change in the coming years? I don’t think so. Too much is at stake. On the contrary, it will only get worse.

I also don't believe it will change because everybody is just focused on how they can benefit from the system instead of looking for a system that will benefit everybody. People want proximity to wealth so they can benefit. Even the younger generation just thinks of how they can benefit from the system, instead of focuing on how it can be changed.
The people who hold teh power won't simply give it away. Nobody gives away what benfits them. If the people are not ready to fight for it, then it will continue like this for enternity.

[Bright0515]

Africa isn't really experiencing any form of wealth problem, although this might be the problem of some countries but not every country I Africa goes through a wealth problem for most countries it's a wealth distribution problem caused majorly by monopolization of the natural resources that are meant to generate resources for the development of the country. In Africa, the main cause of this is simply corruption, Africa is in a terrible condition because those in power are the ones in control over everything.

[HyperCodexV]

What's your take on the current economy status of africa, do you really feel the issue we have is all about how the wealth is distributed or its about something completely different. Because i know africa do have a significant amount of minerals, oil, natural gas and agricultural resources. Yet processing all these can not actually amount to any significant economic prosperity. I feel there is so much to this more than we know. Or is it that we are not creating enough value from what we have? We also have to utilize everything we do and make good out of everything and also with bringing in more benefits for our business.

Clearly in the African continent what we are having is lack of wealth distribution, yes most country especially Nigeria have a very large population but I think the kind of natural resources the country is blessed with makeup for the population, but the type of greedy and extraordinarily wicked leaders the county has produced since it's independence has been what kept the country from progressing and developing, these set of elites are just accumulating the wealth for themselves and their families and they refuse to let it circulate across ordinary citizens. If the wealth is allowed to be distributed judiciously I believe there will be less people who experience poverty in the nation and same metrics applies to other African countries.

[GeorgeJohn]

Africa isn't really experiencing any form of wealth problem, although this might be the problem of some countries but not every country I Africa goes through a wealth problem for most countries it's a wealth distribution problem caused majorly by monopolization of the natural resources that are meant to generate resources for the development of the country. In Africa, the main cause of this is simply corruption, Africa is in a terrible condition because those in power are the ones in control over everything.

Really African entirely is not experiencing any wealth issues..but the problem is that lack of resources management is what affects some of the Africa countries...but on the normal circumstances Africa as a continent most of the countries have a natural resources that can equipped the country with so many facilities, but the leadership in some of the countries makes most of them to lack behind in terms of infrastructure and wealth development...

I can proudly agree with you in your point of views that Africa is not lacking wealth problem...but the level of manipulation and corruption in some of the countries leaders makes Africa to look like a continent that's doesn't have what it takes to make Africa wealthy..

[Byebyebtc]

How about considering selfishness and corruption

It may look like an unknowing act they keep in doing, but what if they know exactly what they are doing and do what so ever favours only them? What if they make personal deal, with the countries resources, no one really knows, but don't think this is totally an economical, wealth, distribution etc.. problem, when it comes to what African countries are facing corruption of the government play a major role in causing problems for the citizens.
What does chaina, Dubai and so many other countries have, but they succeed as a result of good leaders and management.

[STT]

The entire continent is gigantic, it cant be described or questioned in this way.   Libya at the top has incredible riches if they would stop their civil war, quite simple.  So a distribution question of sorts, their former dictator controlled the tribes now they fight.

    To go through every country trying to describe them all is hard without being insulting in some vague distant misunderstanding.   Every nation can fail to make the best of its assets, the biggest asset is always the people.
   The most common problem is often exploiting riches without reinvesting the profits for long term stability, teaching children boring stuff like basic health care;, its easy to just (mis)spend it but every person on earth has that struggle.

[Somto9Light]

The wealth distribution problem is the major problem of Africa, not just the distribution but management issue and ability to harness out resources to the benefits of the entire citizens has keep Africa into mess for year where some high mindedness personal dwell with hidden agenda and pribe collection to morged most of this resources through loan and other means. Africa is among the richest nation if all resources are well distributed and management, harness in such a way it will benefit the masses, all Africa needs is visionary leaders who are fair in distribution what seem to be problem would turned to be productivity.

I agree with you, Africa is richly blessed with natural resources that has generated wealth for years but mismanagement and greed has kept majority in abject poverty. Africa is rich in crude oil and natural gas, the revenues that are generated from those natural resources is enough to change those countries into a developed nation but sadly, no African country is developed, what we have here is underdeveloped and developing countries. It troubles my mind to know that regardless of the many natural resources in Africa, some African countries has subjected themselves into heavy debts through loans they took from IMF and world bank. Just like you said, Africa lacks visionary leaders that can spread wealth among themselves.

[Mayor of ogba]

African countries are blessed with a lot of mineral resources good enough for Africa to become one of the best continents with good economy but the corruption among African leaders is the main problem Africa is backward among others continents, if African leaders can have the mindset of western leaders has and they start building industries that will give them the leverage to process their mineral resources into finished goods by themselves you will see Africa will start getting better and more western countries will do business with African countries. If not that Dangote built his own refinery Nigeria as a whole doesn't have a working refinery, so tell me how a country like Nigeria will become better when the leaders knows what to build that will help Nigeria become a nice place for everyone but they aren't doing it. Corruption is what has kept Africa in the dark for years.