Nigeria's Disappointment

Many great things have happened in Nigeria over the past decade. Nigeria has seen steady economic growth (it's now a middle-income economy), a lot of new development, steady repair and replacement of infrastructure, the gradual clean up of political corruption, and an evident (but slow) growth/return of the middle class. But there is one big problem - education.

Nigeria's educational system has gone from being great immediately after independence to one of the worst in Africa, despite it being the third largest economy in Africa and the continent's largest oil producer. Investors main concern is human capital; well-educated middle income Nigerians seem to leave for Europe or North America and those who are poor are left with below substandard educational facilities and teachers. This video from CNN International shows the importance of education for continued and stabilized economic growth and compares African economies.

With all the money pouring into Nigeria thanks to it's oil wealth, fixing it's educational infrastructure should be a breeze, especially since places like Rwanda have no natural resources and yet is rebuilding itself quickly and it's economy is growing.