A major problem in Nigeria that is preventing the economy from being one of the strongest and most stable in Africa is government corruption. Corruption undermines effective governance, reduces public trust in institutions, and hinders economic development by diverting resources away from critical public services and infrastructure. It also discourages foreign investment, as businesses may be wary of operating in an environment where corruption is prevalent. While issues like government integrity, borrowing, and low fiscal expenditures also play a role, corruption is often cited as a fundamental barrier to Nigeria's economic progress and stability.
-What is a major problem in Nigeria that is preventing the economy from being one of the strongest and most stable economies in Africa?
Government integrity
Government corruption
Having to borrow money from other countries around the world
Low fiscal expenditures (government spending of tax money)
1 answer