Post by Henry Emeka (@Emekus)
Why a company can earn $160M with only ~269 employees
Nigeria’s oil sector was built on a model that doesn’t create mass employment
Most Nigerians don’t benefit because the economy is not diversified
Countries that escape poverty do so by building
manufacturing
technology
agriculture value chains
logistics
services
These sectors create millions of jobs.
Nigeria, however, has relied on oil for decades, which creates very few jobs.
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