For example, the Anchor Borrowers Programme parceled to give loan access to Nigerian farmers was marred by Nigerian corruption, where farmers and non-farmers in cahoots with some government officials got these loans only to divert them, used to defray non-agric expenses; facilitating ornate lifestyles; taking new wives and going for all sorts of adventures in the name of religion. All, with no apparent intentions to pay back the loans. Are we not reaping what we sowed?
Additionally, the country also extracts tin ore and coal for domestic use. Nigeria’s other natural resources include iron ore, limestone, niobium, lead, zinc, and arable land. On the flip side, there are no corresponding effects of the resources in the affairs of the citizens. Amid this plenty, unemployment is rising, hunger is on the increase, and frustration and crime are also on the rise.