How Poor African Countries Can Develop And Get Rich In Just 10 Years

Accra Ghana

There is no limit to how much a country's economy can grow, and there is no limit to how fast a country's economy can grow. 

Equatorial Guinea economy grew 105% in 1997 and 23% in 1999. So a country like Nigeria can grow at a pace of 500% annually from a per capita of $2,000 USD with a GDP of $400 billion to a per capita of $125,000 USD with a GDP of $25 trillion USD in just 10 years. 

For this to happen, all it would require is for the Nigerian Central Bank to create and invest $2.5 trillion USD worth of Naira annually into the country's agriculture, manufacturing, exporting, and construction sector for 10 years. 

This can easily be done because a country's central bank is responsible for creating money and have the power to create an endless amount of money, only needing to worry about inflation which only happens when the money created is not being used to increase economic production.

A small manufacturer who needs $200 million USD worth of financing to expand and export can't get it from a commercial bank, but the central bank can provide them with it because there is no limit to the amount of money a central bank can create, a central bank only need to worry about inflation which can be controlled.

Black people are not poor, they are just ignorant of how money works. All Black people in Africa can become a millionaire in just one day. All the Government has to do is get the Central Bank to credit every citizen with a million dollar into a special bank account and limit the amount they can withdraw monthly to prevent inflation. This is possible because a country's Central Bank create money and have the power to create an endless amount of money, only needing to worry about inflation which can be controlled.


ALSO: Nigeria has the biggest economy and the biggest population in Africa. If most African countries should come together and accept the Nigerian currency (Naira) as a trading currency in Africa the same way they use the US Dollar to trade with each other. Nigeria could easily trade with other African countries and import Trillions of US Dollars worth of products and service from other African countries using its own currency which would create millions of jobs and make Nigeria and other African countries become rich without needing to use the American dollar. #Africa #BlackWealth