Why Is Nigeria -- The “Giant of Africa” -- Still Poor?

Authors

  • Ira Sohn Montclair State University

DOI:

https://doi.org/10.33423/jabe.v22i5.3045

Keywords:

Business, Economics, Sub-Saharan Africa, economic development, Nigeria, Africa scholars

Abstract

This paper begins with a short review of the issues cited by Africa scholars to explain the relative lag in economic development in Sub-Saharan Africa, which includes Nigeria. Next, some vital statistics of Sub-Saharan Africa and Nigeria are provided, followed by a brief review of Nigeria’s pre- and post-independence history. The second part -- the heart of the paper -- examines the major long-term issues that are adversely impacting the growth in living standards in Sub-Saharan Africa, with particular attention to Nigeria: demography, urbanization, insufficient infrastructure, regional, ethnic and religious stresses, over-reliance on commodities to finance indispensable government services such as education and health, and the poisonous effects of widespread public and private corruption

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Published

2020-09-12

How to Cite

Sohn, I. (2020). Why Is Nigeria -- The “Giant of Africa” -- Still Poor?. Journal of Applied Business and Economics, 22(5). https://doi.org/10.33423/jabe.v22i5.3045

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Section

Articles