Kenya: Southeast Asia Economic Growth Model Relevant for Africa

opinion

Nigeria rebased its national accounts and doubled the size if its economy. With a GDP of $510 billion Nigeria soared past South Africa, which has a per capita GDP that is nearly three times larger. Similarly, Ghana rebased its national accounts in 2010 and expanded its GDP by 60 percent.

But Boko Haram rained on Nigeria's parade, bringing into sharp focus the paralyzing incapacity of the Nigerian state. Moreover, GDP size is just a meaningless statistic for a vast majority of Nigerians when the country ranks 153 out of 187 in the United Nation's Human Development Index. Youth unemployment has reached crisis proportion. In March, a stampede among jobseekers taking recruitment test at a stadium in Abuja left many dead and scores injured.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.