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Nigeria is facing an impending implosion

Nigeria is facing an impending implosion

  • Contrary to the general belief that Nigeria is the giant of Africa, incessant violence and armed conflicts have drastically reduced the influence of Nigeria on the continent.
  • Despite its huge resources, Nigeria still suffers from poverty, inequality, unemployment, insecurity, corruption, high fuel and commodity prices, and other political and economic hardships.
  • The biggest threats to Nigeria’s stability include bad governance, electoral mal-practices, corruption, economic hardship, inflation, terrorism, kidnapping, and ethnic divisions.

It is one of Africa’s behemoths. A country with vast resources and immense complexities. Boasting the largest economy of all states in Africa, Nigeria has long been considered one of the jewels in the crown of this continent. But, the country’s future and that of its more than 210 million people is looking bleak, which holds only dire consequences for the Economic Community of West African States (ECOWAS).

Nigeria’s high rate of inflation

“Current daily developments in political, economic, …

The post Nigeria is facing an impending implosion appeared first on The Exchange.

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