Video: Nigeria: Pain and Promise

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Makoko, Nigeria

Nigeria is a nation of superlatives. It’s Africa’s richest country and its fastest growing economy.

Tony Elumelu argues that the right sustainable way to intervene in Africa for economic and inclusive development is through investment. As of 1980, poverty rates in Nigeria stood at 27%, in 2010 it had jumped to 69%. All this despite Nigeria’s wealth increasing dramatically. The belief is that the government has employed a development policy which in the words of Felix Morka advances the interests of the elite to the detriment of the majority.

PBS’ Nick Schifrin reports on the country’s massive economic surge, new millionaires, growing inequality and those fighting to provide new opportunities for all Nigerians.

Courtesy of PBS News Hour.

3 Comments

  1. Culture Custodian (@takingCustody) says:

    Check out @NickSchifrin of PBS in Lagos investigating whether Nigeria’s economic can and will lift the masses. https://t.co/pJp8oG2OSZ

  2. Oluwagbemiga Ayeni (@Gbemiga_Ayeni) says:

    RT @takingCustody: Check out @NickSchifrin of PBS in Lagos investigating whether Nigeria’s economic can and will lift the masses. https://t…

  3. Tomi Idowu (@KingIdowu_) says:

    @NickSchifrin asks, shall Nigeria’s economic boom positively influence only the elite? #mustwatch https://t.co/sUUKwCHntJ

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