Nigeria's development in the last 40 years (or lack thereof) represents evidence against the economic growth theory, as its data do not fall along the catch-up line.

Question

Quizplus · Accepted Answer

The statement correctly points out that Nigeria's development does not follow the predictions of the economic growth theory, which suggests that poorer countries should catch up with richer ones over time. Nigeria's economic growth has been hindered by a range of issues, including political instability, corruption, and weak infrastructure.

Nigeria's Development in the Last 40 Years (Or Lack Thereof)