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(7) (i) Lack of interaction between the government and society: The problem is standing in the first row, among other basic economic problems facing Nigeria. The government will not be able to manage its economic, political, and social affairs without fostering interaction between it and the private sector and state civil society. (ii) Corruption: corruption is a global menace, but Nigeria suffers most of all. People are starting to see that this nation has a corrupt culture. (ii) Macroeconomy: The lack of consistency and the government's greed are among the causes of the hemorrhage in the economy. Every administration, which comes on board, sets up a new policy initiative instead of working on the previous one. (iv) Poor human development: In general, human resources play a significant role in the success or failure of any nation or organizations. Most of the problems facing the Nigerian economy reflect the bad quality of the nation's economic health and human development. (v) Crime and terrorism: These two issues also negatively influence the economic situation of the country. The Nigerian crime issue gives many people in this country sleepless nights. In some places, people feel that they cannot walk around their neighbourhoods freely anymore.


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