Nigeria: Rich in Resources, Poor in People's Pockets
TMG Team Editorial It is a well-known fact that Nigeria is one of the most resource-rich countries in Africa, with abundant reserves of oil, gas, minerals, and arable land. With a population of over 200 million people, one would expect this vast pool of natural resources and human capital to propel the country into economic prosperity. However, Nigeria continues to grapple with high rates of poverty and underdevelopment, leaving many to wonder why the country is still struggling to lift its people out of economic hardship. One of the main reasons for Nigeria's high rate of poverty is the mismanagement and corruption that plague the country's government and economy. Despite its vast resources, Nigeria has consistently ranked poorly on transparency and accountability indices, with corruption permeating every level of government and business. This has resulted in a lack of investment in critical infrastructure, healthcare, education, and other essential services, leaving milli...