Talking about third world nations, I wouldn’t want to use this piece to begin to tell you how the name or title came about. However, based on common understanding, the nations are so called by reason of their ‘strides’ in economic and technological attainment. The per capita income, gross domestic product (GDP) among other things are the indices for determination of same. Alas! Africa isn’t alone in this as there are a host of other non-African nations (in Asia and even Latin America) who are still tagged as third world nations.
As a matter of emphasis, let me say at this point that African nations are most blessed with not only intellectual but also natural and mineral resources. However, rather than harness and leverage on these resources as springboard for development and advancement, the reverse is the case. A country like Togo, for instance, is ranked as one of largest producers and exporters of phosphate, a mineral widely used for agricultural purposes, in addition, it is also renowned for production of significant chunk of world’s coffee, cocoa and even cotton. To a large extent, Togo is reliant on commercial agriculture, yet it is ranked one of the poorest (GDP per capita). Guinea is equally blessed with natural resources ranging from precious diamonds, gold to other metals, this is not to mention the natural potential of becoming a hub for hydroelectric power. Ethiopia prides itself as an agricultural nation with 85% of its work force employed in the agricultural sector. Mali is blessed with natural deposits of gold and uranium and also a major producer of livestock and salt. Nigeria isn’t left out as it is also blessed richly in deposits of crude oil, coal, tin & iron ore, limestone, zinc, gypsum, to mention a few.