Nigeria is wallowing in self-imposed poverty. The situation would remain so for a pretty long time because no one in federal government has the political will power to confront the elements of backwardness in the land. Agriculture has remained in the hands of millions of peasant farmers who eke out a living through subsistent farming with primitive implements. Nigeria cannot feed its teeming population.
Nigeria is practically broke, but the federal government insists that what it is battling is sporadic cash flow problems rather than absolute cash crunch.
To continue reading, please click here.