The Nigerian Financial & Economic Sector: A System Thriving In Chaos?

josediccus(82)

Published in

LeoFinance

Words

0

Reading

0 min

Listen

Play

2023-02-02 05:56

![png_20230202_064843_0000.png](

One of the tools that create Opportunities for wealth is Chaos, while this might be a negative way of making money, most African states depend on chaos to either forestall change or create chaos that is beneficial to a small group of people, to the detriment of some others.

In this video, I talked about how wealthy people in Nigeria are made from opportunism, monopoly, scarcity, and the deprivation of others at the expense of their well-being. This is why we have a huge gulf in class between wealthy people and poor people.

The system is designed to financially better those who are in power, they take advantage of the lack of regulation in the Nigerian system to create scarcity while using this scarcity to make untold wealth for themselves. Furthermore, I discussed how corruption has eaten deep into the grassroots of the system, making it difficult to forestall change.

Nigeria is one country where change will be difficult to enact because most people who are creating artificial chaos to make money already feel that they're deserved of this money. After all, the government is bad and they're simply creating ways to make money and survive.

Some of the wealthiest people in Nigeria are made through monopoly and the suffering of people, rather than their innovations, and this is because there are no existing laws made from stopping the rich from taking advantage of the poor. I talked about the deepest sectors of corruption in Nigeria and why this keeps becoming worse by the day.