Why Nigeria’s Growth Is Stunted @ 58

By Guy Ikokwu

A reflection of Nigeria’s palpable dismal situation 58 years after independence shows that our growth has been stunted for over 40 years since independence. The Nigerian nation is today at the cross roads of choosing its path to National growth in line with other developing nations or on the other hand continuing its present retardation along the ignoble road to self destruction and conflicts among its numerous ethnic nationalities as had been witnessed within the last few years. 

*President Muhammadu Buhari 

It is such that most observers, domestic and international, have observed that our country has not been as divided as it is today, the division stands from religious bigotry, economic degradation, high index of poverty, joblessness, insecurity, massive corruption as a way of life, high rate of mediocrity in the leadership circles, lack of good governance, very low capital appropriation coupled with massive external loans and indebtedness which are being used mainly for recurrent expenditures, personal allowances, and non-diversification of critical areas of the economy, which makes Nigeria a dumping ground for other countries and a classic case of consumption rather than production.