Sometime in 1970 not long after the end of the 30-month civil war, General Yakubu Gowon launched the Second National Development Plan, 1970 -74. The plan was modest in its monetary commitments but profound as a guiding principle of national development. The Third National Development Plan, 1975-80 that succeeded the second plan echoed those same sentiments. In scale, it was bigger and even more ambitious than the Second National Development Plan. Why has it not become a great and dynamic economy but has instead become the poverty capital of the world?

Source: The Guardian July 23, 2020 15:11 UTC