Nigeria today has an estimated population of 200 million. The current nominal GDP stands at $447 billion, the largest on the continent. Although blessed with enormous natural resources, we are a poor country. Our per capita GDP is a mere $2,244 while the average life-expectancy is 53 years. In 2018, Nigeria overtook India for the dubious price of having the largest number of the world’s destitute poor. Nigeria’s 80 million poor constitute about 40 per cent of the population, compared to India’s poor of 70 million which are only about 5.8 per cent of the latter’s 1.2 billion population.
An estimated 13 million children are out of school while youth unemployment is as high as 70 per…
Source: Nigerian Tribune
