Monday, 7 April 2014

Nigeria's Latest Economic Ranking Is A Fluke - Economic Experts

A renowned economist, Bismark Rewane says the rebasing of Nigeria’s GDP has not changed anything on the ground.

According to him, the lives of Nigerian have not improved in anyway.

He said Nigeria which is the twenty sixth economy globally according to the new GPD, is one hundred and twenty first in the world in terms of GDP per capital income.

He said Nigeria that claims to be the twenty first economy in the world generates a little over three thousand megawatts of electricity while South Africa has forty five thousand megawatts.

The Federal Government yesterday declared that Nigeria’s Gross Domestic Product is now eighty point three billion naira, making the country the biggest economy in Africa ahead of South Africa.

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