By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Saturday, Jun 6, 2026
9News Nigeria
  • HOME
  • EDITORIAL
  • POLITICS
  • NATIONAL
  • SPORTS
  • WORLD
  • BUSINESS
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
9News Nigeria9News Nigeria
Font ResizerAa
Search
  • Editorial
    • OPINION
  • Politics
  • National
    • Breaking News
    • Boko Haram
    • Crime and Investigation
    • Ohanaeze Ndigbo
  • Business
    • Nigerian economy
    • Investment
    • Finance
  • Sports
  • Entertainment
    • Celebrity
    • Entertainment and lifestyle
    • Hollywood
  • World
    • Africa
    • Asia News
    • Australia
    • Europe
  • About Us
    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us
Follow US
AfricaAfrican EconomyEditorialHot NewsOPINION

The African Tragedy: Africa Is So Rich, Yet So Poor – By Richard Odusanya

9News Nigeria
Last updated: April 16, 2021 9:47 am
By 9News Nigeria
Share
6 Min Read
Africa More poverty despite economic growth
Africa: More poverty despite economic growth
SHARE

“Bombs and pistols do not make a revolution. The sword of revolution is sharpened on the whetting stone of ideas.”-Bhagat Singh.

You don’t necessarily need atomic bombs to destroy a nation. Greed, selfishness, unpatriotic elements both in the private and public sectors who value their pockets than the life of the citizens always do that everyday. Sadly, patriots are very few in our clime and this has given room for mediocres to be at the helm of affairs with their praise singers using the media to deceive the people. They tell us what they have done without physical signs of their exploits.

People walk on the street around Kwame Nkrumah circle in Accra
People walk on the street around Kwame Nkrumah circle in Accra Ghana December 2 2016 Picture taken December 2 2016 REUTERSLuc Gnago RC1C314C8FD0

Although, the African continent is blessed with gold, diamonds, oil, Cotton, bauxite, uranium, iron ore and other valuable resources, its inhabitants have long been numbered among the world’s poorest. While a few sub-saharan African nations are doing well, most are mired in poverty. This is a paradox and a stain on the ego of the black race who is always looking for the crumbs from the Europeans, our colonial masters as if our apprenticeship is forever. The Asian tigers have soared like the eagle that they are and are gradually dictating the pace while we wallow in abject poverty.

Africa More poverty despite economic growth
Africa More poverty despite economic growth

How do you explain the contractions of a continent’s abundant natural resources that have so little positive effect on its people’s quality of life over so many years. This is certainly a mystery that is unexplainable.

Everyone seems to have a common explanation for this tragic phenomenon; citing pervasive corruption, dysfunctional Democratic and Justice systems, greedy multinational corporations, shady local and international elites, incompetent or ineffective leadership and systematic looting of resources. Unfortunately, sub-saharan African citizens are either complicit, lazy or docile.

Nigerian Oil and Gas

A strong nation consists of many different factors. It’s more than having a powerful military at your hand or even having a strong leader. Education makes a difference and also makes a nation strong because it doesn’t only raise leaders, but it’s also for the betterment of the populace. Education breeds advancement, progress and good governance anchored on truth, justice and progress. Unfortunately, our education has bred poverty, sickness, hunger and hatred. Our welfare is in the hands of a few people whose stock in trade is false propaganda initiated by paid praise singers who have no conscience.

Uzodinma Urges FUTO, Others To Lead Nigeria’s Industrial Revolution
Tighten Security Around Aso Rock Ahead of Sowore-Led #OccupyAsoRock Protest
Tinubu to Address National Assembly as FG Unveils Activities for 2026 Democracy Day Celebration
Tinubu Approves New Federal Medical Center In Okigwe Imo State
Lagos Nigeria

Nigeria in particular is a very bad example of such a nation that is the sixth largest oil producing nation and yet seriously indebted to the tune of trillion dollars. Recently, when it could not meet up with its statutorily obligations and responsibilities, it resorted to printing money to the tune of billions like the former Ugandan strong man Idi Amin. This was revealed by no less a personality than the Governor of Edo State, Governor Godwin Obaseki. Not surprisingly, the Minister of information is telling us a didifferent thing. Whom do we believe? Your guess is as good as mine.

Nigeria is broke and have borrowed the last four years to fund the budget, mostly recurrent expenditures and now realizing that they can no longer borrow and no global bank will lend them since the country is heavily collateralized, have resorted to illegal printing of money to survive.

Nigerian Political campaigns
Nigerian Political campaigns

An economy can’t be run by propaganda nor lies neither can it be run by name calling and insults. The Nigeria economy have been slaughtered by I incompetent and clueless leaders. The unprecedented greed of politicians and impotence of a compromised legislative and judiciary have brought us to this state of woe. This wasn’t the change they promised Nigerians and this falls far below the expectations of the civil populace.

The worse of it all is the conducts and actions of tgovernment officials.. from ministers to the military and police chiefs. I watched the video clip of the COAS Lt-Gen Attahiru Ibrahim intimidating the parliament with sheer acts of bravado. Shocking as it was, it was just a replay and not different from the days of ‘Idi Amin’ of Uganda, and then the confused statements from the information minister on the issue of Twitter’s office in Ghana.

AFRICA NEEDS A NEW ORIENTATION..

Richard Odusanya
Richard Odusanya

Richard Odusanya is the convener of the AFRICA COVENANT RESCUE INITIATIVE ACRI.

author avatar
9News Nigeria
9News Nigeria is Nigeria's favourite news source. For Authentic, Unbiased News on Politics, Business, Sports, Technology, Entertainment and Lifestyles, Health, Nollywood, Crime and Investigations, Family and Relationships, Inspirations .. and much more. For Latest News from Africa and around the world, 9News Nigeria is your best source. WhatsApp +2348115805632 Email: [email protected] Facebook: www.facebook.com/9NewsNG | Twitter/Instagram: @9newsng
See Full Bio
TAGGED:AfricaAfrica NewsAfrican EconomyEditorialOpinion
Share This Article
Facebook Whatsapp Whatsapp Copy Link
What do you think?
Love0
Sad0
Happy0
Surprise0
Angry0
By9News Nigeria
Follow:
9News Nigeria is Nigeria's favourite news source. For Authentic, Unbiased News on Politics, Business, Sports, Technology, Entertainment and Lifestyles, Health, Nollywood, Crime and Investigations, Family and Relationships, Inspirations .. and much more. For Latest News from Africa and around the world, 9News Nigeria is your best source. WhatsApp +2348115805632 Email: [email protected] Facebook: www.facebook.com/9NewsNG | Twitter/Instagram: @9newsng
Previous Article Medical Team arrives Imo to commission FMC hospital extension at Amucha in Njaba LGA Breaking: Medical Team arrives Imo to commission FMC hospital extension at Amucha, in Njaba LGA
Next Article President Muhammadu Buhari   9News Nigeria Due Process Was Followed In The Appointment Of Acting IG Of Police – Buhari Says
Search
– Advertisement –
Latest News
  • Uzodinma Urges FUTO, Others To Lead Nigeria’s Industrial Revolution June 4, 2026
  • Sad: Man dies attempting to retrieve phone from abandoned well June 4, 2026
  • Tighten Security Around Aso Rock Ahead of Sowore-Led #OccupyAsoRock Protest June 4, 2026
  • Tinubu to Address National Assembly as FG Unveils Activities for 2026 Democracy Day Celebration June 4, 2026
  • Tinubu Approves New Federal Medical Center In Okigwe Imo State June 4, 2026
  • 42 Abducted Oyo Pupils, Teachers Rescued In Major Security Operation June 4, 2026
  • Right To Life In Nigeria II: The Kidnapping of Hope in Oyo and Borno June 4, 2026
  • Democracy Day: Tinubu to Address National Assembly, FG Announces Line-Up of Events June 4, 2026
  • Balami Moves Motion for Rescue of 42 Abducted Borno School Children June 3, 2026
  • ADA Challenges NDC Registration, Seeks Court Order Against INEC June 2, 2026
– Advertisement –
9News Nigeria
  • Editorial
  • OPINION
  • Inspiration
  • Investigative Reports
  • Featured
  • Interviews
  • About Us
  • Terms And Conditions
  • Privacy Policy
  • Contact Us
World News
  • Africa
  • African Politics
  • Aviation News
  • Australia
  • Global Economy
  • Europe
  • Global Economy
  • Asia News
  • Middle East
  • World
  • World Politics
  • USA
  • USA Politics
News Categories
  • Breaking News
  • National
  • Politics
  • Business
  • Sports
  • Health
  • Crime and Investigation
  • Nigeria Police
  • Nigerian Military
  • Biafra
  • ODUDUWA
  • Ohanaeze
  • Boko Haram
  • National Assembly
  • National History
  • Sober House
  • National Security
Entertainment and Lifestyle
  • Entertainment
  • Entertainment and lifestyle
  • Nollywood
  • Lifestyle
  • Hollywood
  • Celebrity
  • Celebrity Gist
  • Celebrity Gossip
  • Events
  • Family & Relationships
  • Relationship Extra
  • Relationships

You May also Like

Breaking NewsLatest News

42 Abducted Oyo Pupils, Teachers Rescued In Major Security Operation

June 4, 2026
Nigeria Troop rescue kidnapped victims
EditorialInsecurity

Right To Life In Nigeria II: The Kidnapping of Hope in Oyo and Borno

June 4, 2026
NationalNigeria News

Democracy Day: Tinubu to Address National Assembly, FG Announces Line-Up of Events

June 4, 2026
Nigeria News

ADA Challenges NDC Registration, Seeks Court Order Against INEC

June 2, 2026
Nigeria News

Tinubu: Fuel Subsidy Removal Prevented Nigeria’s Economic Collapse

June 2, 2026
Nigeria News

APM Gains Ground as Six Oyo Lawmakers Dump PDP in House Shake-Up

June 2, 2026
Show More
  • More News:
  • Europe News
  • National News
  • Politics
  • 9News Nigeria - Nigeria Breaking News
  • Nigeria Politics
  • Sports
  • Imo state
  • Opinion
  • National Security
  • Events
  • Editorial
  • Inspiration
  • Trending news
  • Bible Messages
  • Religion
  • Jesus Christ the saviour
  • The Love of God
  • World News
  • Business
  • Crime and Investigation

9NEWS NIGERIA

  • Editorial
  • OPINION
  • Inspiration
  • Investigative Reports
  • Featured
  • Interviews
  • About Us
  • Terms And Conditions
  • Privacy Policy
  • Contact Us

NEWS CATEGORIES

  • Breaking News
  • National
  • Politics
  • Business
  • Sports
  • Health
  • Crime and Investigation
  • Nigeria Police
  • Nigerian Military
  • Biafra
  • ODUDUWA
  • Ohanaeze
  • Boko Haram
  • National Assembly
  • National History
  • National Security

WORLD NEWS

  • Africa
  • African Politics
  • Aviation News
  • Australia
  • Global Economy
  • Europe
  • Asia News
  • Middle East
  • World
  • World Politics
  • USA
  • USA Politics

ENTERTAINMENT AND LIFESTYLE

  • Entertainment
  • Entertainment and lifestyle
  • Nollywood
  • Lifestyle
  • Hollywood
  • Celebrity
  • Celebrity Gist
  • Celebrity Gossip
  • Events
  • Family & Relationships
  • Relationship Extra
  • Relationships
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?