Presidential aide Bayo Onanuga has faulted recent claims by outgoing African Development Bank President Akinwumi Adesina that Nigerians are worse off today than they were in 1960, describing the assertion as based on figures that do not align with available data.
In a post on X today, Onanuga argued that Adesina’s comparison of Nigeria’s GDP per capita in 1960 and 2025 was flawed and misleading.
Onanuga however cited data showing that Nigeria’s GDP in 1960 was $4.2 billion, with a population of 44.9 million, putting per capita income at just $93, noting that Nigeria’s economic growth only began to rise significantly in the 1970s due to oil revenue.
