Nigeria - rich or poor?
More or Less
BBC
4.6 • 3.7K Ratings
🗓️ 12 April 2014
⏱️ 10 minutes
🧾️ Download transcript
Summary
Nigeria's bureau of statistics has overhauled the way it calculates the country's GDP figures. With GDP now estimated at around $510 billion, it has surpassed South Africa as the continent's largest economy. But just because it has earned this accolade – does that make it one of the richest? Plus was the President of the World Bank, Jim Yong Kim, right to say recently that Nigeria is one of just five countries that together are home to two-thirds of the world’s extreme poor? We sift through the statistics to find out if economic development is benefitting everyone in Nigeria. This programme was first broadcast on the BBC World Service.
Transcript
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| 0:00.0 | This is the short edition of Morales. |
| 0:02.0 | First broadcast on the BBC World Service. |
| 0:05.0 | Thank you for downloading from the BBC. |
| 0:08.0 | The details of our complete range of podcasts and our terms of use |
| 0:12.0 | go to BBCWorldService.com slash podcasts. |
| 0:18.0 | Hello, this is the Investigations team at Morales. |
| 0:21.0 | Please leave your statistical query after the tone and we'll investigate. |
| 0:26.0 | Hello and welcome to Morales on the BBC World Service. |
| 0:31.0 | I'm Ruth Alexander and I'm Charlotte McDonald. |
| 0:34.0 | We recently dedicated a whole programme to answering a handful of questions |
| 0:38.0 | from listeners around the world. |
| 0:40.0 | This week's programme is inspired by two questions from listeners in Africa. |
| 0:45.0 | One asks whether Nigeria really could be the biggest economy in Africa. |
| 0:50.0 | The other wants to know is Nigeria extremely poor. |
| 0:54.0 | So is Nigeria rich, poor or both? |
| 0:58.0 | It's time we delved into the details. |
| 1:05.0 | My name is Podongo Paul and I'm from Campala Uganda. |
| 1:09.0 | I saw a tweet which said, |
| 1:11.0 | Nigeria is about to overtake South Africa as Africa's biggest economy. |
| 1:16.0 | Would you please shed more light on how they arrived at that? |
| 1:19.0 | So people have been saying for some time now that Nigeria is about to become |
| 1:23.0 | Africa's biggest economy. |
... |
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