President Afdb Adhesina speaks as a politician, says the presidency – Thage

The presidency disagrees with the declaration of the president at the AFDB Akinwumi adhesin president that today the Nigerians are worse than 1960, saying that he speaks as a politician “, who did not make due diligence before making his non -verifiable declaration.”

Adhesin recently said that the Pir per capita of Nigeria in 1960 was $ 1847 and that today it is $ 824, which implies that the Nigerians are worse 85 years ago.

Adhesina made these observations in a statement released last Thursday following his main speech at the dinner of the 20th anniversary of the investment company Chapel Hill Denham in Lagos.

He underlined the need for “Nigeria to radically transform its economic model to become a competitive and industrialized nation globally by 2050”.

Special councilor of the President for information and strategy, Bayo Onanuga declared on Sunday that the figures mentioned are not correct.

He said that the available data show that “the GDP of our country was $ 4.2 billion in 1960 and the per capita income for a population of 44.9 million was $ 93, not even one hundred dollars.

“The GDP of our country has not increased considerably until the 70s, when the gains of crude oil increased. In 1970, our GDP rose to $ 12.55 billion. In 1975, they were $ 27.7 billion, $ 64.2 billion in 1980 and $ 164 billion in 1981. Until 1980, until 1980 until 1980. 1982. After the rebuction, he reached a historical maximum of $ 3,200 “.

These facts raise questions about the source of the figures of Dr. Adhesina, said the presidential spokesman.

Onanoga said that dr. Adhesin should know that the per capita GDP is not the only criterion used to determine if people live a better life now than in the past, claiming that it is a poor tool to evaluate life standards.

“Its primary usefulness is to give us the metrics to compare economic production in a country or between countries.

“The GDP masks many activities in the economy of a country. Nor reveal the distribution of wealth or income inequality or the accounts for the informal economy, which the experts have said are enormous. It does not take into account the existence agriculture or the transfer of income from one family member to the other.

“The per capita GDP is silent about the fact that the Nigerians in 2025 can have better access to health care, education and transport, such as railway and plane transport, which in 1960,” said Omanuga.

He also said that, compared to 1960, Nigeria today has more primary, secondary and tertiary schools, more road networks and more medical structures, private and public access and phenomenal to phones.

“In independence, we had 18,724 operational telephone lines for a population of about 45 million. Over 200 million Nigerians now enjoy almost universal access to cell phones and digital services, indicating that today better than 65 years ago.

“In our country, politicians know that whatever the figure of the GDP publishes from NBS may not capture all the depth and amplitude of our economy if it cannot include the informal economy, which some experts have said that it could also be more significant than the formal economy. This underlines the reason why Dr. Adesina should have taken into consideration all aspects of our economy before concluding.

As a result, Onanuga said that no objective observer can say that Nigeria has not made progress since 1960.

“Today, while we await the recalibration of the NBS of our GDP, we can say comfortably without contradiction that they are at least 50 times, if not 100 times, more than independence”, adding that “Adhesin spoke like a politician in the Peter Obi mold and did not make due diligence before making his declaration not verifiable.”

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