Shackled by Suspicion: How Lack of Trust Stifles Nigeria's Economic Potential
Nigeria, a nation pulsating with entrepreneurial spirit and brimming with abundant resources, stumbles upon a hidden hurdle – a seemingly intangible but deeply entrenched obstacle: lack of trust. This pervasive atmosphere of suspicion, like a noxious weed, chokes the soil of our business environment, hindering growth and prosperity. To truly unlock the potential of our nation, we must confront this issue head-on, understanding its insidious effects and fostering a culture of trust-based collaboration. The Foundations of Trust: Trust is the bedrock upon which successful businesses are built. It is the currency of transactions, the lubricant of partnerships, and the cornerstone of investor confidence. The roots of this trust deficiency lie in a complex web of historical experiences and contemporary realities. Decades of corruption and mismanagement have left scars of disillusionment, breeding scepticism towards institutions and actors alike. Weak enforcement of laws further erodes ...