At 65, the country faces daunting challenges, yet the Tinubu administration has begun to take steps that no Nigerian leader previously dared — bold reforms that, though unpopular in the short run, could lay a strong foundation for sustainable growth if properly managed with citizen-focused policies.
Historical Context & Comparative Analysis
When Nigeria gained independence in 1960, its GDP per capita was higher than countries such as Singapore, Malaysia, and South Korea — nations that have since transformed into economic powerhouses. Singapore, for example, had a per capita GDP of around $428 in 1960, compared to Nigeria’s $96.
Today, Singapore’s GDP per capita exceeds $70,000, while Nigeria lags at under $2,500.
What accounts for this divergence?
Policy consistency: Countries like
Follow zeenaija for your news update
