Do you think Nigeria’s status will one day change from an underdeveloped country to a developed country?
Look at it critically, with all the resources and potential, why is Nigeria an underdeveloped country?
Who is to blame, the gods, the people, or their leaders? Who or what is to be blamed?
You know there are times most Nigerians wish they were not born in Nigeria or Africa.
Unfortunately, wishes are not horses, so not everyone can ride them.
Nigeria’s status as an underdeveloped nation comes from the many challenges rocking the nation which contributes to the underdevelopment.
Have You Read: Nigeria’s Inflation Rate Will Fall To 23% By 2025 -IMF
Structural Challenge
Chief on the list of Nigeria’s problems is a structural challenge.
Nigeria’s structural issues include inadequate infrastructure, and tariff and non-tariff barriers to trade.
Others are obstacles to investment, lack of confidence in currency valuation, and limited foreign exchange capacity.
Social Issues
Similarly, Nigeria faces a myriad of social challenges affecting growth. Insecurity takes the first position.
Under insecurity, there is banditry and kidnappings, continued insurgency by terrorist groups, and separatist agitations
Political Economic System
A system that determines a person’s status by the amount of wealth they accumulate
Poor leadership that fails to properly envision true development and place it on the agenda
Ethnic and Religious Factors
You see, ethnicity and religion divide the people most in Nigeria. These two factors are a major setback to the nation’s drive toward development.
The citizens are almost always divided by ethnicity and religious affiliations so unity and oneness are never invited to the party.
These factors often determine political allegiances, loyalties, and conflicts
Even in business these two factors often find a way of rearing their ugly heads and marring progress.
Solutions
Henceforth, Nigerians must forge an indivisible unity, and break every tribal, religious sentiment and ethnocentrism.
You May Also Like: Nigeria’s Agro-industrial Zones To Benefit From AfDB $540m Disbursement
Infrastructure is very important because innovations will fail without good and enhanced structures.
Allow businesses to thrive, and cut down on taxes when they are affecting the growth of manufacturing companies.
With these Nigeria will easily shed its underdeveloped status and break into the league of developed countries.
As Nigeria makes effort to become a developed nation, the people seems not to be developing themselves.
Social media went wild when a lead pastor declared his members testimony as fake because her manner speaking wasn’t top-notch.
Even though she had a degree she spoke without confidence, charisma and eloquence.
See how it all went down in this video
