Question:

How would you describe Nigeria's mixed economic system?

by  |  earlier

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market? capitalist? command? other?

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2 ANSWERS


  1. the new generation of nigerians are very smart and doing amazing things. Once the new generation comes in and the old once go out, things would get much better. The market is very diverse, anything goes when you have no such thing as government assistance. All nigerians are capitalist, it's in our blood. There is no command everybody for themselves, just don't go against the government.  


  2. Nigeria is an extremely poor country which possesses resources that the rest of the world covets (oil).  For this reason, large corporations (Shell, Chevron) have moved in to extract those resources for themselves, although promises have been made by them to the government to improve the country's economic condition.  These large corporations are exerting the most control as to what happens there economically.

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