The Productivity Equation: Turning Information Into National Wealth

The Productivity Equation: Turning Information Into National Wealth Renowned global financial and economic institutions run annual analyses and generate indices to describe the economic health of nations. In the case of Nigeria, the poverty index continues to paint a bleak picture. Yet, when we consider the sheer volume of money circulating within the economy, it becomes clear that Nigeria possesses significant wealth. So why does this wealth not translate into widespread prosperity? How can a nation with such a large economy still struggle with high poverty levels? It comes down to a simple scenario: the rich get richer, and developed areas attract even more development, investment, and money. Governments across all levels also draw in foreign and local investments, and that’s why the economy keeps growing—at least on paper. But the real beneficiaries of this growth are those equipped to take advantage of it. Being “equipped” can mean different things. It could mean having formal educ...