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April 7, 2015 Comments Off Views: 943 Big Ideas

Capitalism and democracy can unlock Africa’s great potential

capx.co

The message to his country is simple: ‘Don’t expect miracles.’ These are wise words from

Muhammadu Buhari as Nigeria’s septuagenarian new leader surveys his immense domain. For having won power, the former general presides over a nation – the most populous in Africa – that is beset with problems from Islamic militancy in the north through to grotesque corruption and massive economic woes caused by collapsing oil prices.

Yet in some ways, the miracle has already happened. For Nigeria has joined the club of nations on the continent that has seen leaders removed from office through the ballot box, a process that began in 1971 in neighbouring Benin.

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