The Cause of Widespread Poverty in Nigeria

The Cause of Widespread Poverty in Nigeria


I disagree with the recent erroneous and unverified report that Nigeria has overtaken India as the country with the largest population of extremely poor people in the world, because the foreign report was based on superficial coverage of the low income earners without a comprehensive analysis of the informal sector of the economy.
And contrary to popular political opinion, the cause of the widespread poverty in Nigeria is not bad government, but corporate greed and widespread intellectual illiteracy among the populace.

Employees of Nigerian companies are underpaid by their greedy employers without any form of social security system. And majority of the  lower class Nigerians are uneducated about the dynamics of human capital  development and equity.  They live and work like they don't believe that they can have a better and greater future beyond their lifetime of having basic provisions for survival and welfare. Then, they end up without life transforming future ambitions. They have a herd mentality misconception about politics and religion; their intellectual ignorance is exploited by both their political and religious leaders to shepherd them like sheep in a ranch without dreams of searching for wider greener pastures beyond their boundaries. They forget that all the benefits of modern civilisation they are enjoying were the inventions of those whose ambitions did not end up in their living rooms and garages; but ignited the minds of those who believed in the general enlightenment and Upliftment of the human race.
- EKENYERENGOZI Michael Chima,
author of "In the House of Dogs", " The Prophet Lied", "Diary of the Memory Keeper" and other books distributed by Amazon, Barnes & Noble and other booksellers worldwide.

PS:
According to the Wikipedia: however, poverty may have been overestimated due to the lack of information on the extremely huge informal sector of Nigeria's economy  estimated at around 60% more, of the current GDP figures for Africa's largest market.