Setting the Record Straight: Akinwumi Adesina's Remarks on Nigerian Economic Decline - A Closer Look
Economic Development: 'Adesina Poses No Threat to Tinubu or APC, According to the Presidency'
Akinwumi Adesina, the impending ex-President of the African Development Bank (AfDB), sparked a controversy when he asserted that Nigeria's per capita income has taken a nose dive since 1960, based on reported GDP per capita figures. He argued that Nigeria's GDP per capita was a staggering $1,847 in 1960 but has dwindled to $824 in 2024, suggesting a deterioration in the living standards for Nigerians [3][2].
However, this controversial claim has stirred up a hornet's nest, with official Nigerian sources disputing its validity. The reported figures suggest a very low economic base at independence, casting doubt on Adesina's comparison and claim of economic decline [1][4].
During an interview on TVC's 'Beyond the Headlines' show with Nifemi Oguntoye, Special Adviser to the President on Information and Strategy, Bayo Onanuga, clarified that Adesina's statement does not pose a threat to the Bola Tinubu administration or the All Progressives Congress (APC). Onanuga emphasized that Adesina's argument was not logical, and life in 2025 may not necessarily be worse than it was in 1960 [2].
Despite the controversy, Adesina's claim serves to highlight Nigeria's economic challenges and the need for transformative change in its economic model [3][2].
Relevant Insights:
- Adesina's claim of Nigeria's economic decline is based on reported GDP per capita figures, suggesting significant deterioration since 1960.
- However, this claim has been widely contested and rejected by official Nigerian sources, as the reported figures suggest a very low economic base at independence.
- Adesina's remarks serve to bring attention to Nigeria's economic challenges and the need for transformative change in its economic model.
You May Also Like:
- Anambra Guber: We Are Not Part Of Tinubu's Anambra Visit - PDP
- Tinubu Using His Office To Fight PDP On Behalf Of APC - Sule Lamido
- Tinubu Clever By Half, Nigeria Will Be The Big Loser If PDP Is Destroyed - Sule Lamido
- GenCos Seek Meeting With Tinubu Over ₦4.7 Trillion Debt
- Why PDP Governors Opposed Coalition - Gov Makinde
- Nigeria First Policy: Start Driving Innoson If You Are Serious - Atiku Tells Tinubu
- The ongoing debate about Nigeria's economic decline, as stated by Akinwumi Adesina, is not necessarily perceived as a threat to the Bola Tinubu administration or the All Progressives Congress (APC), according to Bayo Onanuga.
- Despite the controversy surrounding Adesina's claim of economic decline since 1960, his statement has brought attention to the economic challenges faced by Nigeria and the need for transformative change in its economic model.
- In the realm of policy-and-legislation and politics, the People's Democratic Party (PDP) has voiced their opinions on various issues, such as the Anambra governorship race and the alleged use of power by Bola Tinubu.
- The headlines have been filled with discussions about the Nigerian economy, the PDP's stance on various topics, and the ongoing debates and disagreements within the political sphere in Abuja and Naija.
- The General News section has been buzzing with reports about the dispute over Adesina's claim of economic decline, the ongoing debts of Generating Companies (GenCos), and the opposing views of PDP governors on certain coalitions.
- As Nigeria moves towards the future, the need for effective policy-making and decisive action is more important than ever, as highlighted by the economic challenges Adesina raised, but the validity of which remains contested by official Nigerian sources.
- In the face of the economic deterioration claimed by Adesina, and the ongoing debates and disagreements within the political sphere, Atiku has urged Nigerians to start driving Innoson vehicles if they are serious about supporting Nigeria first.
