We often don't realize when we're making poor financial decisions. Many middle class people spend mindlessly on stuff that looks impressive but only ends up draining their savings and keeping them.
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No one solves a problem s/he does not understand. Putting this statement in another perspective, we say, once our conception of a problem is wrong, we cannot find solution to it. Nigeria is not making rapid progress because those who are managing Nigeria’s development do not understand the human development process. Let us consider the two main aspects of the development of human societies – economic and political development.
History shows that nations achieve economic development as a platform for political development. Britain achieved the modern industrial revolution (IR) in the period 1770-1850 (Gregg, 1971). The Febians Society and other socialists and labour unions in England formed the Labour Representation Committee in 1900 which metamorphosed into the Labour Party in 1906 as part of the strategy to fight the oppression of workers by business owners (Trevelyan, 1948). The United States of America achieved the modern IR in the period 1850-1900 (Bartlett, et al., 1969). B