Nigeria - A Parable of Prodigality

From Emergent Africa Sun Jan 27 2013, 14:00:00

Excerpted from Oby Ezekwesili's convocation lecture at the University of Nigeria:

Nigeria is a paradox of the kind of wealth that breeds penury is as widely known as the fact that the world considers us a poster nation for poor governance wealth from natural resources. The trend of Nigeria's population in poverty since 1980 to 2010 for example suggests that the more we earned from oil, the larger the population of poor citizens : 17.1 million 1980, 34.5million in 1985, 39.2million in 1992, 67.1million in 1996, 68.7million in 2004 and 112.47 million in 2010! This sadly means that you are children of a nation blessed with abundance of ironies. Resource wealth has tragically reduced your nation- my nation- to a mere parable of prodigality. Nothing undignifies nations and their citizens like self-inflicted failure.Our abundance of oil, people and geography should have worked favorably and placed us on the top echelons of the global economic ladder by now.More here

via YNaija

[view whole blog post ]
 See More    |     Report Abuse


You might also be interested in the following news stories:

Africa:   Africa Must Also Lobby U.S. Congress on Trade Law (guest column)
allAfrica.com
1 August 2014

Next week about 48 African leaders will descend on Washington, DC for the first ever U.S.-Africa Leaders Summit. African leaders are expected to arrive with a long list of items to address with ... [read more]

Africa:   U.S.-Africa Summit 'Lacks Depth' (analysis)
Chatham House
1 August 2014

The first ever US-Africa Leaders summit in Washington DC is an important political statement by the US and Africa that both value a deepened relationship. [read more]

Algeria:   Quake Hits Algerian Capital (news)
Tunis Afrique Presse
1 August 2014

A 5.6 magnitude earthquake hit the Algerian capital and suburban regions on Friday, the Algerian Center for Astrophysics and Geophysics said. [read more]



blogAfrica is allAfrica.com's platform to help you keep an ear on the African blogosphere. We draw diverse voices from around the world who post regularly and insightfully about African issues. Bloggers, submit your blog's rss-feed!