Connect with us

News

Nigeria, South Africa’s under-performance hurts the black race

Published

on

Last week, American technology company, Apple Inc., created the record of being the first company to hit a market capitalisation of $3 trillion. Apple hit this milestone when its share price hit $182.86. Though the share price of Apple fell later that day to $182.01, making it miss closing the trading day at the $3 trillion mark, that symbolic landmark sends a global message around. Remember that the co-founder of Apple, Steve Jobs, died in 2011 of pancreatic cancer. Obviously, his exit has not affected the growth of Apple. Apple has taken on a life of its own.

With the gross domestic product of Nigeria at $432.3 billion, Egypt’s at $363.1 billion and South Africa’s at $301.9 billion, Apple has a market capitalisation that is almost 300 per cent more than these three top African countries. Apple’s market capitalisation is almost seven times the GDP of Nigeria. This is not a country that is being talked about, but a company founded by three men: Steve Jobs, Steve Wozniak and Ronald Wayne.

It is true that nominal gross domestic product does not truly show how rich the citizens of a country are but it gives an idea of the volume of financial transactions that take place within a country. Usually, the more productive a country is, the more its GDP rises. This may not necessarily be true to the letter but GDP is a form of financial measurement of countries.

The reason for the weak showing of these three African countries is that there has not been inspiring leadership, stability and productivity that enhance the type of growth that is appealing. That Africa and the black race do not command respectful images is because there is no country in Africa and the Caribbean that has risen in magnitude and become a country with which Africans and Black people across the world can boast. Imagine if Nigeria were doing well in West Africa, South Africa were doing well in Southern Africa and Egypt were doing well in North Africa.

The way other countries reacted to African countries with border bans late last year when the Omicron strain of COVID-19 was discovered showed the weakness of Africa as a continent. If the Omicron virus had been announced in any of Europe, North America, Oceania or Asia, other continents would not have reacted the same way.

Once upon a time, Asian countries faced the type of challenge Africa is facing today. The countries of Asia were synonymous with bad leadership, poverty, and backwardness. Asians were looked down upon. Watching the film series Ip Man, which recreates the life and times of the teacher of the legendary martial artiste, Bruce Lee, one could see Chinese people of the I960s lamenting how the Americans looked down on them and treated them abysmally. At that time, it was only Japan in Asia that could compete with the West technologically. Though Israel is in Asia, it is not seen as a typical Asian country because the majority of its citizens were returnees from Europe.

Then came the four Asian Tigers: South Korea, Taiwan, Singapore and Hong Kong. They earned that name because of the rapid industrialisation and consistent and exceptionally high growth rates of more than 7 per cent annually that they recorded between the early 1960s and 1990s.

At the turn of the 21st century, China, India, the United Arab Emirates, Indonesia and Qatar came up strong. Because of its size and technological feats, China, especially, has transformed its image and become the pride of Asia. India has also done well. UAE is doing wonders in the desert and has become a destination a tourist would be more excited to visit than most European and North American countries.

Today, in the ranking of the countries of the world according to nominal GDP, Asia has four countries in the top 10: China, Japan, India and South Korea. Europe has four too: Germany, the United Kingdom, France, and Italy. North America has two: USA and Canada.

Consequently, the image of Asian citizens across the world has been transformed. The respect given to Asians across the world has soared. Asians are no longer seen as perennial beggars and custodians of poverty, diseases and wars. The few and specific countries in Asia known for these are singled out and named rather than giving Asians a blanket negative portrayal.

This is the disservice the under-performance of Nigeria, South Africa and Egypt is causing Africa. Nigeria and South Africa are also doing that same disservice to the entire Black race across the world. The world still sees Africa as one country because no countries have differentiated themselves by exceptional feats like the Asian countries have done. African countries are still seen as synonymous with instability, poor leadership, poverty and diseases. They are seen as people who perennially need help, need aid and need supervision. For example, there were coups d’etat in four African countries in 2021: Chad, Mali, Guinea, and Sudan. There is still some form of conflict in different countries, including Nigeria, Ethiopia, Somalia, Chad, Cameroon, etc.

The beggarly situation of Africa rears its head over the vaccines and test kits used for COVID-19. African countries have been depending on materials donated by other countries. In line with the self-preservation mindset of the world, donor countries have to take care of their citizens first before donating anything to Africa and any part of the world that needs COVID-19 support.

Not surprisingly, many of the materials the donor countries sent to some countries expired shortly after reaching their destinations. If African countries had developed the necessary capacity, this would not have been the case. Some countries, like Nigeria, South Africa and Egypt, should actually be donating vaccines to other countries of the world. Such gestures attract respect.

Finally, if Nigeria, South Africa and Egypt had lived up to expectations, their success stories would not only have boosted the pride of Africans and blacks across the world but would have buoyed other African and black countries to emancipate themselves from mediocrity and strive towards greatness. Success is infectious and failure is also infectious.

Nigeria, South Africa and Egypt should know that because of their size and strategic positions in Africa, they carry a huge responsibility beyond their shores. This should ring in their minds always to help shape the thoughts that guide their actions and inactions. Their individual success or failure has a ripple effect on countries and citizens of Africa and Black heritage across the globe.

Copyright PUNCH.

All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

Contact: [email protected]

News11 mins ago

Osinbajo inaugurates committee on blue economy, marine resources

World11 mins ago

France: Six statues decapitated in a church

Metro19 mins ago

Sudan revolks Al Jazeera Live’s TV licence over poor reporting

Politics31 mins ago

Provide functional fire trucks in Azare to reduce fire outbreaks, residents tell Bauchi gov

Entertainment31 mins ago

“My love, partner, best friend”- Former US President, Barack Obama celebrates Michelle Obama’s birthday

Entertainment31 mins ago

“My love, partner, best friend”- Former US President, Barack Obama celebrates Michelle Obama’s birthday

Metro41 mins ago

SAD|| College Student Dies At Her Boyfriend’s Hostel After She Went For A Sleep Over

Local43 mins ago

APC hails social media users for promoting Matawalle’s peacekeeping efforts

News51 mins ago

Sudan security forces kill seven anti-coup protesters

Metro1 hour ago

New Study Finds That Wearing Facemask Makes You More Attractive

Local1 hour ago

Bandits attacks increasing number of widows, orphans in Plateau: Cleric

News1 hour ago

Police confirm 16 killed by terrorists in Kebbi attack

World1 hour ago

Biden’s handlers ditch Greece’s EastMed pipeline project in order to appease Turkey

News1 hour ago

Mali junta seeks review of defence accord with France

Sports1 hour ago

Bruno Fernandes’ Behaviour On The Pitch Is Turning His Own Manchester United Team-Mates Against Him

Local1 hour ago

Court remands ex-director Taiga over alleged P&ID scam

News2 hours ago

National Assembly worker slips, falls, dies

Sports2 hours ago

Emmanuel Gyasi Scored A Stunning 96th-Minute Winner As Relegation Battling Spezia Beat AC Milan 2-1 At San Siro

Metro2 hours ago

SCANDAL|| Two Young Girls Beat Boyfriend After Discovering He Is Dating Both Of Them (Watch Video)

Local2 hours ago

Political bandits spreading lies about killings in Zamfara: Matawalle

News13 hours ago

JUST IN: Scores feared dead as gunmen attack Kebbi community, burn corpses

Business News11 hours ago

Canada’s Periculum Deepens Nigerian Credit Market

News22 hours ago

FG plans health insurance for pensioners, sets up panel

World24 hours ago

Islamic Terrorists Previously Discussed Trading Jewish Hostages for ‘Lady Al Qaeda’

Entertainment17 hours ago

51-year-old Nigerian woman gives birth to twins after over 20 years of waiting

Sports13 hours ago

Victor Lindelof Believes His Anthony Elanga Is Capable Of Really Making His Mark For Club And Country

Entertainment17 hours ago

“Small boys are plucking off eyes and body parts of young women just to drive Benz” – Actor Okon Lagos condemns the current trend of ‘Money rituals’

Sports11 hours ago

Former Leicester City Striker Kevin Phillips Thinks Youri Tielemans Would Suit Arsenal’s Style Of Play

News7 hours ago

Barcelona’s Umtiti to undergo surgery on broken foot

News22 hours ago

PDP govs meet, decide on 2023 zoning, to advise NWC

News10 hours ago

Grazing routes: What worked 60 years ago will be impracticable now, says Ogbonnia, Ohanaeze spokesman

Entertainment13 hours ago

“My mother asked me to kill my younger brother for money ritual” – Suspected Yahoo boy confesses

Entertainment10 hours ago

“Amala is a disgusting food” – Actress, Dorcas Fapson

News10 hours ago

I’m ‘somehow’ related to Tinubu, says female presidential candidate, Khadija Okunnu-Lamidi

News18 hours ago

Foreign inflows fall by 32%, UK, South Africa, others slash Nigeria investments

News13 hours ago

FG establishes N100m technology fund, targets 2,000 youths

News7 hours ago

Terrorists killed in fresh Katsina attack, say police 

News13 hours ago

Imo has collapsed under Uzodinma, says PDP

Technology17 hours ago

Walmart Prepares to Create it’s Own cryptocurrency, and NFTs

News22 hours ago

Nigeria’s debt stock hits N39.6tn in 11 months – Reports

Trending