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Too many Africans still believe the myth that their countries are SO rich in natural resources, if they were just honestly managed, there'd be prosperity for all.
Yet, no African country is in the top ten in terms of natural resource wealth👇
But look at likes of China, Canada and US on the list. Despite having more resource wealth than any African country, they've never RELIED on that for their prosperity.
They've all, at some point in their economic histories, focussed on actually producing stuff, innovating, creating wealth and value. Creating the right environments for people and businesses to thrive.
Yes, some African countries like Nigeria, DRC and South Africa, have sizeable natural resources. But not at a Russia, Saudi Arabia or Venezuela level. What they have can, at best, provide a basic foundation to build a more developed economy on.
Yet, many Africans still have this mindset of "we are rich, we just need good leaders who will share the national wealth with us."
This belief fosters an extractive mindset and expectant mindset, not a creative and productive mindset. It fuels passivity, with people waiting for "good leaders" to come and share the wealth.
There is absolutely no doubt African countries need much better leaders who won't loot the little wealth available.
But it is key that Africans shed this belief that their nations are fantastically rich in resources. It is almost never true and quite counterproductive.
Credit: @RemiAdekoya1