Why Nigeria’s improved growth forecasts still aren’t enough, By Posi Olatubosun
A growth rate measures the pace at which total output expands, not how evenly that growth is distributed. Nigeria’s population grows by approximately 2.5 per cent annually. With the economy expanding at just over 4 per cent, output per person increases by perhaps 1.5 to 2 per cent a year. At that rate, average income […] The post Why Nigeria’s improved growth forecasts still aren’t enough, By…
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