Àwé Alágbo™ CAC-OFR Profile picture
Aug 27, 2019 6 tweets 2 min read Read on X
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

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Àwé Alágbo™ CAC-OFR

Àwé Alágbo™ CAC-OFR Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @sarnchos

Sep 14, 2023
Benefits of Bitter Leaf!

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 Image
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
Read 6 tweets
Feb 26, 2023
UNPOPULAR OPINION

As long as the model of governance in Lagos continues to be tilted towards coersion from the haves in favor of the politically connected,

the sentiment of injustice and entitlement from those who literally foot the bill will only continue to grow.

Lagos will
continue to be a magnet for trade due to its huge population and infrastructure aggregation

But as long as the politically unconnected yorubas continue not to feel a sense of belonging economically, the story will only continue to be the same

Lagos attracts those with capital
The bitter truth is that yorubas who accumulate wealth prefer to take it abroad instead of bringing it to Lagos

How many true wealth creators of the yoruba stock will prefer moving to Lagos compared to other ethnic nationalities?

How has Lagos empowered those without capital
Read 6 tweets
Feb 16, 2023
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 )

In reality it was like wearing lipstick on a pig
Read 9 tweets
Feb 14, 2023
I think history will be very kind to PMB

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
Read 5 tweets
Jan 13, 2023
The politics of meat is seared into the psyche of the average Yoruba male.

In the average home, one piece of meat denotes a boy who hasn't come of age, or a mature man who is not the man of the house

Even if he is married and in his own home, one piece of meat is a sign that he
is yet to assume the position of minimal accomplishment that his wife expects.

It doesn't matter how many pieces of meat the soup "disher" (usually the woman of the house) consumes.

A mark of respect in the home remains the number of pieces of meat in the man's plate
Every young man strives to be counted as worthy to have at least 2 pieces of meat in his plate.

3 pieces? He has met and exceeded his woman's expectations

4 and above? god mode!

Its not as if he will eat them all. He is free to dispense his patronage as hee likes.

Either to
Read 4 tweets
Jan 13, 2023
The "Tinubu aristocracy" is fearsome.

Young and bright individuals that have been groomed for decades by BAT for leadership of his business and political empire

They number in the hundreds (if not thousands).

Many schooled abroad even to PhD level

In fairness, Atiku also has
a strong coterie of young minds he has groomed at home and abroad for leadership

Both BAT and AA are protégés of Shehu Musa Yar'Adua's political movement PDM.

So, in a sense, the late senior Yar'Adua will be the real victor in these elections

But more important is my initial
reference to BAT.

I discovered a number of these young lads many years ago. A few of them via FB

That's when I realized that there's virtually no youth political movement that hasn't been infiltrated by these seasoned politicians

Like I said in earlier tweets, It takes too
Read 5 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(