Three Major Problems in Nigeria Essay Example | Topics and Well Written Essays - 1750 words

Three Major Problems in Nigeria - Essay Example Nigeria is one developing country, which faces diverse problems; however, the paper attempts to analyze three crucial problems including increasing inflation rate, rising living standard, as well as political instability. Political instability Most African countries have a characteristic of political instability. This underscores the depth of development leaving people midst abundant resources with little development. In the past, many years, stagnation remains evident among many African countries due to political instability creating a rising tide of poverty, poor infrastructure and decaying of public utilities (Mundt & Aborisade, 2004). Nigeria gets described by scholars as an unfinished state, and a truculent African disaster, this is because of the abundant natural resources present in the country, which instead of improving the economic condition of the country, has propelled the vicious cycle of poverty (Kay & Mazen, 2012). Nigeria is rich with enormous oil resources that warra nt it a name of a giant African country. On the contrary, it remains a minute country due to the political instability of parochial leadership, which considers personal survival rather that national development. Nigeria suffered a setback and was brought down into its knees by 20 years of corrupt military and brutal rule. The rule left power in the hands of powerful political bosses also called godfathers with vast patronage of the country. They viewed the country primarily through the lens of the personal fortification, amassing wealth for developing personal interest. The attempt to bring democratic consolidation got hampered by Nigeria political gladiators who used the slightest opportunity in power for personal cult. Political instability in Nigeria; therefore caused harm, as people vied to control vast spoils of office. This is a trend, which gave forth to undeserving leaders, who collected wealth grabbing everything they could lay their hands. In Nigeria, the centralized econo mic as well as political structure comprised of individual and the military, which controlled substantial parts of the country endorsed with resources (Adeseyoju, 2006). The political instability led to a major segment of Nigerian falling into poverty. According to research, the poor leadership forced 70% of people to fall into abject poverty. The brazen watch for the rule of law also made matters worse, as only people with power and influence had the ability to access facilities. It is a country, which made distant the aspect of serving its citizens. Consequently, Nigeria federation, which dominates the political stand, continue to build patronage networks, as the infrastructural standards remain dilapidated as it was in the watch of the military rule (Kay & Mazen, 2012). The besieged multitude of hostile military forces has spread to the present, whereby ethnic differences, form a source of instability. Chinua Achebe’s novel is an illustration of the political turmoil Niger ia faced during early 1990s when the British colonial power reigned. Current problems Nigeria face is still under the same trend of political instability with rising issues of segmentation of Nigeria. Muslims dominate the northern side of Nigeria while the southern mainly has Christians. The political instability has caused aggravating disputes between the two regions with each side attacking (Albert, 2005). The instability evidenced in Nigeria also caused the

Product Liability Lawsuit against Toyota Research Paper

Product Liability Lawsuit against Toyota - Research Paper Example They confessed the problem into the design and announced to get the vehicles back. It was a product safety issue which had to be faced by a world top class car manufacturer. The negative propaganda was started and then it was then investigated by internal as well as external experts. Â  After the examination of the various samples, it was no more a doubt that the design was faulty in real. It was a mega decision to call it back (Product Safety Civil Penalties Improvement Act, 2007). It brought billion dollars loss for the owners. A total of 10 million vehicles across the globe faced the same problem and this was strictly called into action. The company had to pay $50 million for the record fines and is facing several lawsuits and the huge question mark on the credibility of the company. In the class-action lawsuits, there were claims of over $100 million dollars and the market value went down by $30 billion. However, that was not a time to blame anything. The reputation of Toyota motors was rapidly gone down in a few weeks. After the announcement of taking the vehicles back, the experts analyzed the scenario according to their own judgment and available information. Some of the critiques even revealed that it was a deliberate publicity stunt. Whatever it was, bu t Toyota motors evident the history with a unique case which was never before. Â