Nigeria At 61 - a Giant With Challenging Crises Amid Opportunities

analysis

As Nigeria marks its 61st anniversary of independence, its citizens are stuck in a general anomie of despondency. This is as a result of general insecurity in the country, rising unemployment and high-cost of living.

It is also an age of anxiety, with many measures of Nigeria's socioeconomic progress painting a picture of a nation in great distress. Nigeria's economy has been stagnant, growing at less than 1% cumulatively during the past six years, far below population growth of 2.6%. It also has about 40% of the population of about 200 million living below the poverty line.

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