Nigeria’s Economy: I do the maths

Written by Super User. Posted in Business

I need to clarify that I am in no way a numbers person; in fact I failed maths ever since the subject suddenly involved adding apples to cows and finding exes. Even the president might beat me in this field HEHEHE. So as can be imagined, when there was a report about Nigeria’s Economy growth overtaking that of South Africa it was like someone had mentioned a maths equation to me.


But then, it got me interested after trending on social networks for days. Economists say that due to Nigeria’s population, the GDP per capita is still lower than that of RSA as it has more citizens than RSA. This does not sit well with me. Let me explain, if a man has 5 kids and R10Million Rand in the bank and another has no kids and only has R2 Million rand in the bank, does that now mean that the man with R2Million rand is richer? Not to me, but then again I am not the smartest when it comes to maths so who am I to question this, right?

SA economists worry me by shrugging at these stats off like it ain’t no thang. My thing though is that we are yet again making excuses and taking this lying down. Is this not the time to encourage economic growth actions amongst the youth and capables? As a South African it worries me that investors are looking at another country to start pouring money. Yes, Nigeria has oil, Nollywood and hustlers but we have Diamonds, platinum, gold & infrastructure. Why can’t we be scared into action?
Stats say that Nigerian economy is worth $509.9 billion, this is like double what their worth was in 2012 yet here we sit worrying about their poor instead of their achievements, can we not just look at that $500Billion and be like: “we aim to do better than that”? Okay, maybe I am overreacting here, but gaddamit can we stop being so passive in everything we do?



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