MADE Case Study

Nigeria boasts Africa’s largest economy by Gross Domestic Product (GDP) and at close to 200 million people hosts the largest population in Africa. However, at close to 90 million people, Nigeria also has more citizens living in extreme poverty than any other country in the World. Between 2000 and 2014, Nigeria delivered an annual average of 7% GDP growth; and still bounced back to around 2% growth in the face of the 2016 oil price crash. Nonetheless, this has impacted little the incomes of the bottom half of the population where those living in extreme poverty remain largely as they were a decade ago at around 50% of the total population.

 

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