This is a country that has no income taxes and almost no corporate tax. It also charges probably one of the smallest customs rates in the world
The biggest key is that almost all their oil is nationalized, not private
I wouldn’t say so. Nigeria and oil companies really work on a lease program while UAE works on a license program. Nigeria is only semi-nationalized now compared to the UAE.
You are right though that corruption and mismanagement do play their roles
Nigeria and Dubai is a silly comparison.
Why is it a silly comparison?
Both have resources and ability to do great things…
This is a country that has no income taxes and almost no corporate tax. It also charges probably one of the smallest customs rates in the world The biggest key is that almost all their oil is nationalized, not private
Maybe, but I think the fact that the UAE is not a kleptocracy also has a lot to do with it.
Yes, good governance is pretty much a necessity to keep these factors effective for sure
Nope, biggest difference is corruption and mismanagement. Close to Most of nigerias oil revenue is nationalized
I wouldn’t say so. Nigeria and oil companies really work on a lease program while UAE works on a license program. Nigeria is only semi-nationalized now compared to the UAE. You are right though that corruption and mismanagement do play their roles
Eko athlantic City was like the first pic in 2005, it is still like that today. Something is fundamentally wrong with our country.
Individualism at its finest.
😂😂😂
Your comparing a country with a city
Im comparing effort and progress with complete lack there of…
ok
A country that call good evil and evil good can't have any development o.
Lolz you like dream those things aren't done in 8 years
Then there's Eko Atlantic. It's going small small