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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