US EditionNigeria: Presidency Faults Adesina's Comments On Nigeria's Progress
- Bayo Onanuga, Special Adviser to President Tinubu, condemned Akinwunmi Adesina's claim that Nigerians are worse off now than in 1960 during a recent online statement.
- Adesina based his claim on GDP per capita figures of $1,847 in 1960 and $824 today, which Onanuga challenged as inconsistent with official historical data.
- Onanuga highlighted that Nigeria’s GDP in 1960 was approximately $4.2 billion, with an average income per person around $93, and emphasized that the country’s economy experienced significant expansion, particularly following the oil boom of the 1970s.
- Onanuga argued that GDP per capita alone poorly reflects living standards, citing improvements in infrastructure, over 200 million mobile phone users, and ongoing GDP data recalibration including new sectors.
- The Presidency concluded that Nigeria’s economy is at least 50 times larger than in 1960, and no objective observer can claim the country has not made progress since independence.
19 Articles
19 Articles
Presidency faults AfDB President's claims on Nigeria’s GDP
Compared with 1960, Nigeria today has more primary, secondary, and tertiary schools. We have more road networks and more medical facilities, private and public. We have phenomenal access to telephones,” Mr Onanuga said. The post Presidency faults AfDB President’s claims on Nigeria’s GDP appeared first on Premium Times Nigeria.
Presidency Rebukes Akinwunmi Adesina Over Claims That Nigerians Are Worse Off Than in 1960
ABUJA, Nigeria – The Nigerian presidency has rejected a claim by African Development Bank (AfDB) President Akinwumi Adesina that Nigerians are economically worse off than they were at independence in 1960, calling the assertion “politically coloured” and “factually inaccurate.” Responding in a statement on Monday, May 5, 2025, Bayo Onanuga, Special Adviser on Information and Strategy to President Bola Tinubu, challenged the use of GDP per capita…
Presidency Dismisses Adesina’s Grim Verdict That Nigerians Today Are Worse Off Than In 1960, Amid Growing Alarms Over Poverty
The Nigerian Presidency has pushed back forcefully against a statement by the President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, who warned last week that Nigerians today are worse off than they were in 1960. In a rebuttal issued by presidential spokesperson Bayo Onanuga, the government rejected both the figures and the conclusion […] The post Presidency Dismisses Adesina’s Grim Verdict That Nigerians Today Are Worse Off Tha…
Presidency Slams AfDB President Adesina's Claim that Nigeria is Worse Off Than in 1960
By Tracy Moses The presidency has responded sharply to outgoing African Development Bank (AfDB) President Dr. Akinwumi Adesina, who recently asserted that Nigerians are worse off today compared to 1960. Adesina had claimed that Nigeria’s GDP per capita in 1960 stood at $1,847, while today it is just $824, suggesting that the country has experienced a decline in living standards. However, in a statement late Sunday night May 4, 2025, the Specia…
Standing with Dr. Akinwumi Adesina : A Call for Truth in Nigeria’s Economic Narrative - Maazị Tochukwu Ezeoke
Dr. Akinwumi Adesina, the outgoing President of the African Development Bank (AfDB), recently stirred a vital conversation about Nigeria’s economic trajectory, asserting that Nigerians are worse off today than they were at independence in 1960, with GDP per capita dropping from $1,847 to $824. This statement, grounded in a stark comparison with South Korea’s rise to a $36,000 per capita income, has been met with a rebuttal from Bayo Onanuga, a s…
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