Nawa ooo... God blessed us with natural resources but we still chose to be poor with it... God help us
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Nawa ooo... God blessed us with natural resources but we still chose to be poor with it... God help us
Is not that we choose to be poor per se. We are not inspired to do more with it. Imagine you are a farmer in Nigeria and you need machinery to help you with your business, you will need to import some of those farm implements especially if you intend to compete on an international market. Now the tariff for new machinery is almost 70% for new vehicles. So you buy a new tractor for 40 million and pay an additional 28 million for it to pass through customs. Then you do the same for the other implements.
You probably can get an old tractor and other old machines that are over 50 years old but you'll produce rice with stone inside it. The same thing if you want to produce GMO food. It just keeps getting worse.
That's right