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rampage
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I hear you my brother but this is how I see it.
Just because these other nations are small in population does not mean that you should discount them. Luxembourg is a country of most analysts would describe it as a stable high income economy, with year on year solid economic growth, low inflation, and low unemployment, so they must be doing something right, as for Equaotrial Guinea, having money is one thing, what you do with it, well that is another. One of the biggest problems facing developing nation's is the distribution of wealth, as many african leaders who prefer the status quo, get yourself richer and keep the poor poorer.
And if we were to judge countries by their airports, well Senegal's Dakar airport, beats anything we have in Nigeria. The airport is a smaller version of the charles de gaulle airport in paris, just that there are more black people. Don't believe lagos or the abuja airport bear any close resemblance to Heathrow or Gatwick, or even the London city airport.
As for businesses not reporting their earning, I would hate to believe that that is a problem that can be found only in Nigeria, reporting is generally poor all over the contient, and there were proper institutions that would actually do the job of collecting, it would not be a proper, if the governemnt does not go out to collect, or threaten persecution if you do not report your earnings, why would anybody in the hell would want to do that.
Again the aurgument of small to medium sized businesses (SMEs), in almost all developed countries, they form the backbone of the economy, take Italy for instance, the business landsacpe is dominated by private businesses but it is still one of the largest and most developed in the world, but ENEL and UniCredito Italiano are some of the biggest companies in the world, and they are not even household names. Italy, can do it, why can't we?
I am not saying, we do not have the potential to be the giant of Afica, we do, and many people outside Nigeria would tell you the same, but they would also tell you that we seem to be puncing above our weight at the moment, as it is all talk and nothing to show for it, apart from the sheer size of our population, and if that is all we have got, then GOD HELP US!
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