Nigeria’s economic crisis is an execution problem

    Oluwafemi Mayowa OLUSOLA | YSOT | May 20, 2026    
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“Nigeria is a country endowed with immense Human Resources and an unmatched intellectual elite.” This statement was made by former South African President Thabo Mbeki in 2003 during discussions surrounding the New Partnership for Africa’s Development (NEPAD). Remarks like this reflect the reputation of Nigerian talent and the country’s importance to wider African development. Why then has visible and sustained development remained difficult to achieve in Nigeria? Nigeria is not lacking in policies, reform plans, or development strategies. Across power, infrastructure, education, industrialisation, and fiscal management, successive governments have introduced ambitious programmes intended to transform the economy and strengthen public institutions. However, Nigerian institutions have repeatedly struggled to translate these ideas into measurable and lasting results.

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