Population wise, we are number 7 in the world, and our median age of 18 is one of the very lowest in the world, while our fertility rate at 5.4% is among the very highest in the world.
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By nominal GDP, we’re number 25 in the world. This is mainly accounted for by our large population.
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However, find below the measure of economic status that matters most.
GDP per capita in Purchasing Power Parity (PPP).
In it, we (Nigeria) are number 136 out of 188. At 72 percentile, we’re among the world’s poorest 30% in real terms per capita.
Considering our vast human and natural resources, we’re wonderfully underperforming, and must take drastic and indeed dramatic changes to our economic and political ecosystem, if we want to ever turn the corner from our spiralling fall into increasing destitution.
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