Interest rates

High interest rates caused by low productivity 

High interest rates caused by low productivity 

By FRANCIS OGBIMI TOO little reasoning, wisdom, knowledge and understanding guide African development activities. This is the bane of African development. Nigeria, for example, in view of the many studies which show that mere capital investments do not promote sustainable economic growth and industrialisation, SEGI, insists on planning with the premise that capital investment promotes SEGI. […]