Comparison with countries with almost equal economic standing at Nigeria’s independence 7. Nigeria’s economic performance has been rather weak and does not reflect its level of resource endowments, especially when juxtaposed with the experiences of some emerging Asian economies that faced similar challenges and choices about five decades ago.
Others would point to the tendency of governments, central banks or the IMF (International Monetary Fund) to bail out failed systems and so create a moral hazard, as the main risk to future stability. You can make a good case for most of the candidates I have put forward.