By Bayo Onanuga A few days ago, outgoing AfDB President Akinwumi Adesina claimed that Nigerians today are worse off than in 1960, basing his conclusion on figures that do not align with available data. According to Nairametrics, he claimed that Nigeria’s GDP per capita in 1960 was $1847 and that it is $824 today. The quoted figures are not correct. According to available data, our country’s GDP was $4.2 billion in 1960, and per capita income for a population of 44.9 million was $93, not even one hundred dollars. Our…
Read MoreAKINWUMI ADESINA’S CLAIMS ON NIGERIA’S GDP PER CAPITA: THE FACTS TELL A DIFFERENT STORY
