Nigeria’s GDP ‘growth’ is sluggish; that’s not cause for gloating!

    Opinion | Sep 09, 2024    
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Trust Bola Tinubu, Nigeria’s self-assured yet bumbling president. He will claw at any piece of seemingly good news. Recently, when the National Bureau of Statistics (NBS) reported that Nigeria’s Gross Domestic Product (GDP) grew to 3.19 percent in the second quarter of this year, from 2.51 percent at the same period last year, Tinubu was overly exultant. His newspaper, The Nation, screamed on its front page: “Tinubu hails GDP surge, assures of stronger economic performance.” Describing the anaemic and shallow GDP growth rate as a “surge” shows how Tinubu grasps at straws, denying reality.

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