The supply of capital in the country is far from being adequate. The general poverty really leads to low level of capital formation . It is a vicious circle. In many cases the execution of the national plans have been positively hindered by the shortage of capital. Money is a strongman that must not be taken for granted if any country must develop. It is the key to many problems. definitely its influence is being strongly felt in the different countries of west Africa .
Because of the shortage many of these countries are forced into canvassing for loans that are often obtained on very unfavourable terms. Earlier it has been pointed out that the total wealth of any country to a great extent l depends on the amount of capital equipment that is available and being utilized. Poverty makes it difficult for a country to build up a large stock of capital equipment . This is the case with west Africa I order to break though this vicious, circle, the cooperation of all and sundry is needed. People should be prepared to forgo immediate enjoyment for a bigger one in the future . A country that must develop must be prepared to make sacrifices . This is the main lesson one can lean from Russian experience
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