Between 1998 and 2008,
The following indices were recorded respectively
Population : 119m ; 150m
GDP : $34b ; $204b
GDP per capita : $240 ; $1,300
GDP growth : 2.7% ; 6.3%
Analysis of the above shows an about 600% growth in our absolute and per capita GDP figures respectively
Between 2008 and 2018
The following indices were recorded respectively
Population : 150m ; 195m
GDP : $204b ; $398b
GDP per capita : $1,300 ; $2,050
GDP growth : 6.3% ; 1.9%
Analysis of the above shows an about 90% growth in absolute GDP, & an about 55% growth in GDP per capita
In other words, for the past 20 years, in spite of our "out of control" population figures due to an ostensibly higher growth of population than GDP, the numbers are speaking differently.
Rather than too many Nigerians, the above figures show an unfair distribution of wealth.
What am I saying?
Nigeria doesn't have too many people.
Our population density figures speak to this.
Population density of selected countries (population per square km)
Netherlands - 488
Singapore - 7,909
Hong Kong - 6,659
Taiwan - 649
South Korea - 503
Nigeria - 221
From the above, we can easily see that NIGERIA ISN'T OVERPOPULATED
Unfortunately, the most reliable figures show an over 40% prevalence of poverty.
How do we solve the wealth imbalance problem?
1. Creation of massive employment through the discouragement of imports where local
production can substitute
2. More effective taxation, especially of the top quartile of wealthy Nigerians who hitherto have managed to evade taxes
3. Massive high quality mass education rollout nationwide, especially in rural areas, with emphasis on practical skill acquisition
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