GDP, though not perfect, is a good measure of how a country is performing amongst it peers and how the economic might of the citizens are measuring up against that of similar countries. So what am I talking about?
Between the military years of 1991 and and the early years of democracy in the 2000’s Nigeria had constantly trailed sub-saharn Africa in GDP (Purchasing Power Parity). However, the Yar’Adua and GEJ regime of 2007-2011 saw the gap narrow gradually, eventually coming together in the GEJ years. Whilst this is nowhere encouraging considering our potential as the most populous economy in Africa and also endowed with immense natural resources. However, that is if you look at it as glass half empty. If its half full, then perhaps its a sign that things are getting better. I bet GEJ and his economic team will have a say on this.
NIGERIA’S GDP vs REST OF SUB SAHARAN AFRICA 2012-2013 http://t.co/PoQs6nbf
NIGERIA’S GDP vs REST OF SUB SAHARAN AFRICA 2012-2013 http://t.co/b8JvL3Pi
It will be more enlightening if the countries used to generate sub Sahara data be named. Thanks