Скачать с ютуб POOR People in Rich NATION - Why there is Poverty in Nigeria | Economics University в хорошем качестве

POOR People in Rich NATION - Why there is Poverty in Nigeria | Economics University

Poor People in Rich Nation - Why there is Poverty in Nigeria | Economics University Nigeria, a country renowned for its vibrant Nollywood movies and diverse culture, Unfortunately, the government is plagued by a harsh reality – POVERTY GRIPS MANY CITIZENS LIKE A VICE. In this video, we will explore the critical reasons poverty persists in Nigeria, its effects, and the steps the government and its citizens can take to solve this issue. Poverty in Nigeria is woven with countless threads, but one question still lingers: Where did it all start? Where did the economic crisis begin? Let’s look at some history, In 1960, Nigeria declared its independence from British colonial domination. The first few years after independence were characterized by optimism and hope for a better future. The country’s economy was predominantly agricultural, with the main export being cocoa. However, The discovery of oil in 1956 changed the country’s fortunes. Oil quickly became the mainstay of the economy, accounting for over 90% of export earnings and 80% of government revenue. ---------------------------------------------------------------------------- Please subscribe if you enjoyed our content and want to learn about economies and how to become financially independent! Thank you for your support 💝