Why is Nigeria considered to be a growth disaster in spite of the fact that it has large deposits of oil?
A) the occurrence of civil war
B) rulers who were dictators and spent the wealth on arms purchases
C) corruption that siphoned away oil wealth into secret Swiss bank accounts
D) All of the answers are correct.

Question

Quizplus · Accepted Answer

Nigeria has faced various challenges in achieving economic growth, including the occurrence of civil war, rulers who were dictators and spent the wealth on arms purchases, and corruption that siphoned away oil wealth into secret Swiss bank accounts. These factors have all contributed to Nigeria being considered a growth disaster despite having large deposits of oil.

Why Is Nigeria Considered to Be a Growth Disaster in Spite