Nigeria, May 5 -- The Presidency has strongly refuted assertions made by Akinwumi Adesina, the outgoing President of the African Development Bank (AfDB), who stated that Nigerians today are worse off than they were in 1960. Adesina claimed that Nigeria's GDP per capita was $1,847 in 1960, juxtaposing it with a projection of $824 for 2025.
In a statement released on Monday, Bayo Onanuga, the Special Adviser to the President on Information and Strategy, emphasized that no objective observer could deny the progress Nigeria has made since 1960. He explained that Nigeria's GDP was $4.2 billion in 1960 with a per capita income of merely $93 for a population of 44.9 million, contrasting sharply with the figures presented by Adesina.
Onanuga ...