Nigeria is a Poor Country with many Self-employed!
A nation where everyone is an employer and business owner is poor. That is why we do not want everyone running his/her shop in Nigeria (sure, I am going against the World Bank talking points of empowering the people). This data is close to reality. Yes, everyone in your village is self-employed.
About 78% of our working population work in agriculture and most are self-employed. Nations rise when big companies can evolve to hire thousands, and utilize economies of scale to fix bigger frictions. But where that does not happen, everyone runs his or her shop, scaling poverty in communities.
If your self-employed number is above 50%, you are a super-poor country because your national inefficiencies will compound.
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