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
• • •
Missing some Tweet in this thread? You can try to
force a refresh
Bitter leaf is an indigenous African plant; which grows in most parts of sub-Saharan Africa
It is a very important protective food and useful for the maintenance of health and prevention & treatment of various diseases
Its chemical constituents
possess a potent anti-parasitic, anti-tumour, and bactericidal effect. bitter leaf is mainly employed as an agent in treating schistsomiasis, which is a disease caused by parasitic worms
Its also useful in the treatment of diarrhoea and general physical malaise
Remedies made from bitter leaf are used in treating several common ailments in sub- Saharan Africa, including fever, different kinds of intestine complaints, & parasite-induced diseases like malaria
Bitter leaf also helps to cleanse such vital organs of the body like the liver
Banks were (& are) the biggest obstacle to the full functionality of mobile money in Nigeria today
The biggest fear of banks is telcos being allowed to enter the field of banking
Telcos are already huge institutions.
Adding banking to their bottomline would make them bigger
than banks and thus make banks more susceptible to being taken over by telcos or their banking subsidiaries
Over the years, to neutralize the challenges posed by mobile money, banks adopted most of the mobile money innovations in use in other African countries
Mobile money is
a uniquely African innovation.
So Nigerian banks adopted USSD banking, agency banking, and POS terminals
All this made the Nigerian banking system appear very advanced (indeed it is compared to other more developed countries )
TSA, BVN and NIN took plenty of guts and steely resolve to pull through
The border closure leading to massive growth in the domestic price value chain was also another unpopular policy that eventually paid off just in the nick of time
The cashless policy spearheaded by the currency redesign is also another masterstroke (I admit I briefly lost focus of the objectives) that has taken his steely resolve to push through
Today he is hugely unpopular for this policy thrust, but I'm confident that we'll all come
round
Achieving the elusive cashless financial system has seemed like a chimera in Nigeria for over a decade
But as usual it has taken crisis to convince investors (telcos, fintech startups, etc) that the time is ripe to deploy resources towards this potentially huge niche