Nigeria's aid addiction: Another poverty trap?
Addicted to aid. Source: Stears Business

Perfect storms are a bouquet of unfavourable events that happen simultaneously to produce a fatal impact. It's one of those moments designed to kill you, but if you survive, you'll do everything in your power never to be in such situations again.

That was Covid-19 for many developing countries. While attempting to put their countries in order, the entire world pitied developing countries for what they believed would bury them—and their unstable healthcare systems. Nigeria, for instance, was fresh out of a recession—barely able to stand on its own, oil prices had dipped, Covid was ravaging the streets, and worst of all, the countries which usually come to our aid were losing control of the beast in their homes.

Countries attempted to help, but everyone was battling the situation at the same time. Although the usual donors eventually tried to help, they couldn't do much, given their own precarious position.

This story is only available to Premium subscribers Subscribe or sign in to finish reading

Not ready to subscribe? Register to read a selection of free stories

Gbemisola Alonge

Gbemisola Alonge

Read Latest

Pound getting pounded: What can Nigeria learn from the UK?

PREMIUM - 30 SEP 2022

Why Nigeria's population should matter to its next President

PREMIUM - 29 SEP 2022

How can Nigeria’s federal government improve its spending?

PREMIUM - 28 SEP 2022

How should Nigeria remove its fuel subsidy?

PREMIUM - 27 SEP 2022

Download our mobile app for a more immersive reading experience

Scan QR code
mobile download