he realisation of Africapitalism’s impact on United Bank for Africa, more and more banks have become locally empowered. This change in Nigeria’s banking sector has seen an increase in international finance between African countries. Other banks that have seen tremendous growth in Nigeria are the First Bank of Nigeria, Access Bank and Zenith Bank. All these banks have very aggressive marketing strategies and have been able to forge partnerships with other international banks in various parts of Africa and the world at large.

The impact of Africapitalism on agriculture

Agriculture is one of Nigeria’s biggest sectors in the economy as many people living in rural areas rely on rearing animals and growing crops to bring bread to the table. As earlier mentioned the Teragro fruit juice plant was one of the many successful agricultural end products to come from the implementation of Africapitalism. Africapitalism in the agricultural sector has seen immense improvements in rural areas of which the economic philosophy has been applied. In the North Western regions of Sokoto and Kebbi Africapitalism has been widespread and has been highly appreciated by young agricultural innovators who are being supplied with development loans that charge low interest rates by the philanthropic Africapitalist institutions. Many Africapitalist pioneers state that despite the African continent having over 60 percent of the world’s arable land there is still a lot that can be improved in terms of yield output as this land is not being used effectively. By financing and supporting innovative agricultural ideas the African continent has the potential to increase productive and allocative efficiency in the agricultural sector. This strategy has proved successful in the regions of Sokoto and Kebbi with mechanisation on farms increasing efficiency and crop yield as well as ensuring that farmers working on the fields get better pay.

The oil and gas sector

Gas and oil are the biggest energy contributors in Nigeria. They are one of Nigeria’s biggest exports and therefore play a very pivotal role in Nigeria’s economy. When Nigeria discovered that they have crude oil this shifted the country’s production possibility curve outwards meaning that the economy has grown. From this discovery there have been more benefits than drawbacks. Even though the government has discovered crude oil, ther