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Submitted by Otabor Isaac on
In my view, Africa would have been richer or better off, if she was able to transform or process her natural resources to finish products that are of more economic value in the international market, than exporting the natural resources. Better still, Africa would have been better off, if the African governments had optimally utilized the revenue derived from the export of her natural resources than mismanaging the revenue. Indeed, the problem comes from both resource exports and wrong application of the income generated from export.So, Africa must effectively and efficiently embark on transformation process of her natural resources and value system, to improve local economies, provide employment, raise living standards and increase growth, among other things. Thank you,