Yesterday, Nigeria was declared Africa’s biggest economy by officials. Even though this does little for the 70 percent of�our citizens living in poverty, it gives us continental bragging rights and our dear President Jonathan took to his Facebook page to make this announcement.
Read:
Yesterday, our Gross Domestic Product was rebased to give an accurate picture of where we are as a nation. I am glad to report to you that Nigeria is officially the largest economy in Africa with a Gross Domestic Product of $510 billion which also places us as the 26th largest economy in the world.
This feat is a collective achievement of all Nigerians particularly when you take into
account the fact that our Per Capita Income had increased by over 60% from $1091 in 2009 to $1700 in 2013, prior to the rebasing.
While this calls for celebration, I personally cannot celebrate until all Nigerians can feel the positive impact of our growth. There are still too many of our citizens living in poverty.
Three years ago, I was asked to define Transformation and I said “Transformation in my view simply means taking what you have and making the best of it and in so doing produce results that can bring about a paradigm shift”. That positive paradigm shift, as occurred yesterday, is still a work in progress.
Regardless of our present challenges, our place as a nation at the table of greatness is assured. GEJ.
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