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.