How does Nigeria’s historical growth compare with that of Brazil, China and Indonesia?

GDP per capita is a major indicator used in measuring progress of a country overtime. No doubt, Nigeria has experienced remarkable growth in GDP per capita over the years but how does this growth compare with that of Brazil, China and Indonesia? Here, we explore GDP per capita of the four countries from 1970 – 2018. These countries have a few things in common: Great growth prospects, large populations, three out of four are resource-rich...

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How can Nigeria’s Economic Growth be Inclusive?

Have you ever wondered why despite achieving a high GDP growth in the 2000s, Nigeria still experienced increase in unemployment and poverty? From 2000 to 2012, Nigeria experienced high GDP growth rate which averaged 7.2%. However, during the same period, poverty and unemployment rate increased. One major reason is the pattern of economic growth, where a few sectors drive GDP expansion. Major sectors such as Manufacturing, Construction and Trade, which are crucial for job creation, contributed...

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