Question

What are the realistic options for an extremely poor country, like Nigeria, to finance its capital investment projects?

Answer 1

Leasing

Countries like Nigeria which face low economic income on average, rarely have enough beyond investing in primary sectors, and thus find it difficult to transition into an economy to rely upon the secondary or tertiary sector. One way it could do is to lease out its natural resoures or areas of geographic importances to other nations. This will not only help economies like Nigeria to get a huge lump sum of money to meets its debts, but will also create a steady stream of fiance as part of the "rent". Leasing also helps to grow the employment and increase infrastructure required to do ommerce.

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