Poverty in Nigeria is essentially a rural issue. Therefore experts usually consider access to banking and micro-credit services crucial to help local farmers invest in agriculture, be it for crops, machines, transport vehicles and so forth.
Given the country's high unemployment rate, this means that entrepreneurship is key to reducing poverty in Nigeria and that obstacles to business creation - such as corruption - are barring the country from its right to development.
I do not know much about Nigeria, but I know that poverty is a very real issue. I hope that through the addition of banking systems, credit services, and successful entrepreneurship, they will be able take some steps in a positive direction.
ReplyDeleteI do not know much about Nigeria, but I know that poverty is a very real issue. I hope that through the addition of banking systems, credit services, and successful entrepreneurship, they will be able take some steps in a positive direction.
ReplyDeleteCorruption is a problem everywhere, even in the United States. It seems that in some places, it is worse than others. Hopefully, things will get better for the people of rural Nigeria. I recently watched a program featuring Nigerian women weaving beautiful baskets. The detail of the baskets were remarkable. I wish I could learn how to do that.
ReplyDeleteIt sounds like the government is a problem. I know this is the case in many African countries although I don't know much about Nigeria. Do you have thoughts on what is needed in Nigeria, like will the banking and micro-credit assistance even help if they have such great corruption?
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