And this is exactly my problem with the principles guiding the decision-making of many Nigerians.
------------------------
Nigerians (as investors): don't build house for rent because the rental yields are low (even though that is the standard).
Same Nigerians (as customers): arh! Rental prices are too ridiculous jare. What do you mean ₦1mm for self-con.
------------------------
Nigerians (as investors): what do you mean I am going to earn 20% per annum on my investment? That's too low jeez! Me I can not wait for one year to earn 20% o.
Same Nigerians (as borrowers): 35% interest rate on loans??? How??? Do you want businesses to die??? How can businesses generate that kind of profit in our inflationary environment??
------------------------
Nigerians (as employees): there is no reason why graduates should earn below ₦300k salary.
Nigerians (as entrepreneurs): nah, there is no reason why we should pay more than ₦200k for an entry-level job. What value are they adding yet? Anyone who wants more than that has to demonstrate capacity and potential.
*******************
This is not even about selfish interest. It is normal for that to happen, but you have to know that the principles have to be consistent.
Maybe the way we think about things could change if we understood that most of these variables don't move in isolation. They are connected.