Nigeria Is Having A Lost Decade Since 2015

Nigeria Is Having A Lost Decade Since 2015

First, when I post things here, let us not see my posts from any political angle. I do not belong to any party and I have no party affiliation. In my village in Abia state (Ovim), they voted against PDP in the governorship election for APC,  voted against APC for PDP in the presidential election, and voted against all incumbent parties in the Senate and House. Simply, they voted against all incumbent parties! That is how free we are because Ovim does not need anything from any government. We build our clinics, send government money to run our public schools, etc.

That said, this is one plot that shows that whatever the government APC leadership is doing is not working. Why? Check the slope of the Nigeria per capita income since 2000, they stopped the trajectory, when they came in. For years, even in the depth of the Great Recession of 2007/ 2008, Nigeria was growing the GNI per capita. But somehow, a team came and the slope froze.

You can give any excuse but data does not lie.

You can see live data here.

GDP per capita in Nigeria averaged 1746.99 USD from 1960 until 2019, reaching an all time high of 2563.90 USD in 2014 and a record low of 1145.80 USD in 1968. This page provides the latest reported value for – Nigeria GDP per capita – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Nigeria GDP per capita – values, historical data and charts – was last updated on May of 2021.


Click to register for Tekedia Mini-MBA (Sept 13 – Dec 6, 2021): online, self-paced, $140 (or N50,000 naira). Full curriculum here.

Click to join Tekedia Capital Syndicate and build Next Africa with a minimum of $10,000 co-investment in startups.

Share this post

One thought on “Nigeria Is Having A Lost Decade Since 2015

  1. When you wake up each morning and realise that Buhari is still your president, you are left with no choice than to sing that song that goes thus, ‘This world is not our home…’

    And this is why we are where we are.

    They are fighting us with propaganda, and we are answering them with data

    Don’t complain, and never explain.

    It is what it is.


Post Comment