@Otum
Nigerians are only people under the sun who celebrate MEDIOCRITY.

What makes them think things will change in next two years if their POVERTY RATE INCREASED from 1957??

The JUJU MAGIC go carry Naija thru all, theyr gonna overtake RSA,UK,CHINA,INDIA etc..

Alumnus: I hope they are not trying to manipulate the system?

[color=#990000][/color]
WHAT REALLY CONTRIBUTED TO THIS 'PHENOMENAL' GROWTH?
1. DAILY INCREASE OF JOBLESS GADUATES
2. UNPRECEDENTED LAY-OFF BANKING STAFF?
3. FLOOD RAVAGING OUR FARM PRODUCE
4. SENSELESS KILLING AND VIOLENCE ACTS ACROSS NIGERIA
5. UNATTAINABLE LOOTING LEVEL OF OUR COMMON PATRIMONY
6. DILAPIDATED HEALTH FACILITIES
7. SMOOTH MOTOR ROADS ACROSS THE NATION?
8.
9.
(they are many. Kindly add your own)

scipher:
Nairalanders tend to ditch posts that exceeds 5 lines, I could get you a job bro.. Holla me

Seriously... Did you have to quote that long post just to say that?

@Otum
If they failed long time ago what makes think they will be fine in two years or 10 years from now especially with their ever BALOONING POPULATION. Sanusi said Nigeria poverty will increase than descrease
HISTORY OF POVERTY IN NIGERIA

Today 80% live under $2 a day.
Nigeria's population in poverty (70% live below $1 a day)
1980: 17.1 million
1985: 34.7 million
1992: 39.2 million
1996: 67.1 million
2004: 68.7 million
2010: 112.47 million
Source: Nigeria's National Bureau of Statistics

@Otum
By 2050 onwards I can assure u Nigeria will still be LEADING AFRICA IN POVERTY. BIGGEST NUMBER

AwodwaGyanOniwe: @Otum
If they failed long time ago what makes think they will be fine in two years or 10 years from now especially with their ever BALOONING POPULATION. Sanusi said Nigeria poverty will increase than descrease
HISTORY OF POVERTY IN NIGERIA

Today 80% live under $2 a day.
Nigeria's population in poverty (70% live below $1 a day)
1980: 17.1 million
1985: 34.7 million
1992: 39.2 million
1996: 67.1 million
2004: 68.7 million
2010: 112.47 million
Source: Nigeria's National Bureau of Statistics

@Scipher
This graph shows POVERTY IS INCREASING IN NIGERIA than declining. I can see how ur politicians rule that side. Keep em DUMB AND HUNGRY feed them FALSE HOPES

Today 80% live under $2 a day.
Nigeria's population in poverty (70% live below $1 a day)
1980: 17.1 million
1985: 34.7 million
1992: 39.2 million
1996: 67.1 million
2004: 68.7 million
2010: 112.47 million
Source: Nigeria's National Bureau of Statistics

kramer:

Seriously... Did you have to quote that long post just to say that?

lol

@Otum
I was shocked to see the ARBOTION STATS in Naija??Nearly all of their ladies killed a foetus before.

@Sheyi
YORUBA FACE LAUGH AT THIS LOL!!!!!!!!
This graph shows POVERTY IS INCREASING IN NIGERIA than declining. I can see how ur politicians rule that side. Keep em DUMB AND HUNGRY feed them FALSE HOPES

Today 80% live under $2 a day.
Nigeria's population in poverty (70% live below $1 a day)
1980: 17.1 million
1985: 34.7 million
1992: 39.2 million
1996: 67.1 million
2004: 68.7 million
2010: 112.47 million
Source: Nigeria's National Bureau of Statistics

@Sheyi
All along ya'll were mum about this DISASTER!!!!!!!I can tell u with MEND vs Boko Haram gun fight these stats will be 90% by 2015.

We'll be blogging with more HUNGRY LOT.


This graph shows POVERTY IS INCREASING IN NIGERIA than declining. I can see how ur politicians rule that side. Keep em DUMB AND HUNGRY feed them FALSE HOPES

Today 80% live under $2 a day.
Nigeria's population in poverty (70% live below $1 a day)
1980: 17.1 million
1985: 34.7 million
1992: 39.2 million
1996: 67.1 million
2004: 68.7 million
2010: 112.47 million
Source: Nigeria's National Bureau of Statistics

@Sheyi
One of u HUNGRY BOONS made a false claim by saying Nigeria has the biggest number of billionaires and millionaires.
Hes saying this because all he knws is FALSE CLAIMS, fed LIES everyday.

Theres the trueth below. Eat it.

All along ya'll were mum about this DISASTER!!!!!!!I can tell u with MEND vs Boko Haram gun fight these stats will be 90% by 2015.

We'll be blogging with more HUNGRY LOT.


This graph shows POVERTY IS INCREASING IN NIGERIA than declining. I can see how ur politicians rule that side. Keep em DUMB AND HUNGRY feed them FALSE HOPES

Today 80% live under $2 a day.
Nigeria's population in poverty (70% live below $1 a day)
1980: 17.1 million
1985: 34.7 million
1992: 39.2 million
1996: 67.1 million
2004: 68.7 million
2010: 112.47 million
Source: Nigeria's National Bureau of Statistics

[quote author=AwodwaGyanOniwe]@Otum
By 2050 onwards I can assure u Nigeria will still be LEADING AFRICA IN POVERTY. BIGGEST NUMBER

This sutesayer can you answer these simple questons?
1. why is s.afrcas economy is growing at 2.6% while nig at over 7%
2. why do nigeria presently has more employment opportunities than s.africa
3. why is it that economy of lagos alone is bigger than kenya the biggest economy in east africa
4. why is it that the biggest companies in s.afrca; the stanbc group, shoprite, tiger,sabmller... including Jacob zuma are heading to ngeria for investment
4get about the almajris actvities in the north it wont affect any thng going by the plans govt has 4 them

@Sheyi
This figure says it all. Note this might be higher becos it wud be embarrasig for ur politicians to show 120million Nigerians are poor. Keep juggling those figures politicians, while they keep gumbling and r HUNGRY.

2010: 112.47 million
Source: Nigeria's National Bureau of Statistics

@Proxytalk
If Naijas economy was growing at that juggled rate we'd see that on her people. Tell do u still have 112million poor people, biggest number of slums,bad roads,poor electricity. Actually one city in SA can light whole of nigeria. YES SMALL NIGERIA. As said OIL DISCOVERIES in Kenya, Namibia,Madagascar,SA etc..are gonna slow ur growth.

The problem is ur so HUNGRY TO SEE THE BIGGER PICTURE.

"Unexplained increases in imports"? With Nigeria becoming the hottest destination for champagne, Porsche's and G550's? Haba Madam.

mekaboy: Na the north dey set us back.

North don suffer o. As things look, even the infrastructure in the North is far better than in the region the North is accused of setting back. Nigeria is a total failure. Entering the Airport already portray the kind of land one would meet. A lawless and chaotic country that wait on God to do it. Woo, ebi to ma pa yin ti epo petroleum yin ba tan, a ju,ti Yindia lo.

AwodwaGyanOniwe: @Proxytalk
If Naijas economy was growing at that juggled rate we'd see that on her people. Tell do u still have 112million poor people, biggest number of slums,bad roads,poor electricity. Actually one city in SA can light whole of nigeria. YES SMALL NIGERIA. As said OIL DISCOVERIES in Kenya, Namibia,Madagascar,SA etc..are gonna slow ur growth.

The problem is ur so HUNGRY TO SEE THE BIGGER PICTURE.

Damn!! Are u unemployed or out of school or somthing's wrong with your life I noticed you running all over Nairaland earlier, i logged out, sent some e-mails, made phone calls, fixed 2 appointments, took someone to the hospital, had a meeting with my partners and planned on our next move.....I logged back on and YOU'RE STILL HERE!!! Prattling on like a b*tch on her period or a fat, black market woman. Damn!! Go acheive something first, how can you waste your life like this??

AwodwaGyanOniwe: @Sheyi
One of u HUNGRY BOONS made a false claim by saying Nigeria has the biggest number of billionaires and millionaires.
Hes saying this because all he knws is FALSE CLAIMS, fed LIES everyday.

Theres the trueth below. Eat it.

All along ya'll were mum about this DISASTER!!!!!!!I can tell u with MEND vs Boko Haram gun fight these stats will be 90% by 2015.

We'll be blogging with more HUNGRY LOT.


This graph shows POVERTY IS INCREASING IN NIGERIA than declining. I can see how ur politicians rule that side. Keep em DUMB AND HUNGRY feed them FALSE HOPES

Today 80% live under $2 a day.
Nigeria's population in poverty (70% live below $1 a day)
1980: 17.1 million
1985: 34.7 million
1992: 39.2 million
1996: 67.1 million
2004: 68.7 million
2010: 112.47 million
Source: Nigeria's National Bureau of Statistics

Neo-slave, this does not counter the statement that Nigeria has the biggest number of billionaires and millionaire's.

www.forbes.com/africa-billionaires/list/

How many south-african's are on this list, and their all "EUROPEANS". Living in South-Africa is getting an American green card.

Black president, white country.

AwodwaGyanOniwe: Theres nothing to celebrate on this REBASING STORY. Other than its just crooked politicians who are just trying to u happy by this nonsense. This still doesnt benefit ORDINARY NIGERIANS. Number one spot with million of people living in poverty, poor roads,poor electricity supply etc..

This is a list of countries by electricity production per year based on multiple sources.
Rank Country/Region Electricity
production
(GWh)[1] Date of
information
N/A World Total 21,325,115 2010[2]
1 United States 4,325,900 2010[2]
2 China 4,206,500 2010[2]
N/A European Union 3,332,111 2010[2]
3 Japan 1,145,300 2010[2]
4 Russia 1,036,800 2010[2]
5 India 922,200 2010[2]
6 Canada 629,900 2010[2]
7 Germany 621,000 2010[2]
8 France 573,200 2010[2]
9 Korea, South 497,200 2010[2]
10 Brazil 484,800 2010[2]
11 United Kingdom 381,200 2010[2]
12 Spain 300,400 2010[2]
13 Italy 298,200 2010[2]
14 Mexico 270,000 2010[2]
15 South Africa 268,100 2010[2](Note SA after Medupi powerstation in 2014 will be in the top 5 in the world)
16 Taiwan 247,000 2010[2]
17 Australia 245,300 2010[2]
18 Turkey 239,100 2012
19 Iran 226,100 2010[2]
20 Saudi Arabia 214,000 2010[2]
21 Ukraine 187,900 2010[2]
22 Indonesia 166,400 2010[2]
23 Poland 157,400 2010[2]
24 Thailand 156,400 2010[2]
25 Sweden 155,400 2010[2]
26 Egypt 143,500 2010[2]
27 Argentina 128,500 2010[2]
28 Norway 124,500 2010[2]
29 Venezuela 116,700 2010[2]
30 Malaysia 116,200 2010[2]
31 Netherlands 114,800 2010[2]
32 Vietnam 100,170 2010[2]
33 Pakistan 93,350 2012[2]
34 United Arab Emirates 88,600 2010[2]
35 Czech Republic 85,900 2010[2]
36 Belgium 84,197 2009[3]
37 Kazakhstan 82,700 2010[2]
38 Finland 80,400 2010[2]
39 Switzerland 71,200 2010[2]
40 Austria 70,800 2010[2]
41 Philippines 67,700 2010[2]
42 Chile 60,200 2010[2]
43 Romania 59,800 2010[2]
44 Israel 58,300 2010[2]
45 Colombia 56,900 2010[2]
46 Portugal 55,800 2010[2]
47 Paraguay 54,912 2008[3]
48 Kuwait 54,600 2010[2]
49 Greece 53,200 2010[2]
50 Uzbekistan 52,300 2010[2]
51 Bulgaria 46,000 2010[2]
52 Singapore 45,400 2010[2]
53 Algeria 45,200 2010[2]
54 New Zealand 43,400 2010[2]
55 Bangladesh 39,100 2010[2]
56 Denmark 38,600 2010[2]
57 Hong Kong 38,300 2010[2]
58 Syria 38,705 2008[3]
59 Hungary 37,400 2010[2]
60 Peru 34,800 2010[2]
61 Serbia 34,711 2008[3]
62 Iraq 34,600 2008[3]
63 Belarus 34,500 2010[2]
64 Ireland 28,300 2010[2]
65 Slovakia 27,400 2010[2]
66 Libya 26,947 2008[3]
67 Qatar 23,700 2010[2]
68 Korea, North 22,517 2008[3]
69 Puerto Rico 20,921 2008[3]
70 Nigeria 20,130 2008[3]
71 Ecuador 19,500 2010[2]
72 Morocco 19,493 2008[3]
73 Azerbaijan 18,700 2010[2]
74 Turkmenistan 17,400 2010[2]
75 Cuba 16,990 2008[3]
76 Iceland 16,484 2009[3]
77 Tajikistan 15,971 2008[3]
78 Slovenia 15,634 2009[3]
79 Oman 15,085 2009[4]
80 Mozambique 14,975 2008[3]
81 Dominican Republic 14,577 2008[3]
82 Tunisia 14,395 2008[3]
83 Jordan 13,010 2008[3]
84 Bosnia and Herzegovina 12,692 2008[3]
85 Kyrgyzstan 11,702 2008[3]
86 Croatia 11,658 2008[3]
87 Bahrain 11,217 2008[3]
88 Estonia 9,984 2008[3]
89 Zambia 9,752 2007[3]
90 Sri Lanka 9,507 2007[3]
91 Uruguay 9,265 2007[3]
92 Trinidad and Tobago 9,100 2010[2]
93 Lebanon 9,030 2007[3]
94 Zimbabwe 8,890 2007[3]
95 Costa Rica 8,808 2007[3]
96 Guatemala 8,425 2007[3]
97 Congo, Democratic Republic of the 8,220 2007[3]
98 Georgia 7,970 2008[4]
99 Jamaica 7,324 2007[3]
100 Ghana 6,746 2007[3]
101 Sudan 6,509[3] 2009
102 Burma 6,286 2007[3]
103 Macedonia 6,051 2007
104 Armenia 5,941 2006
105 Lithuania 5,700 2010[2]
106 Panama 5,661 2005
107 Kenya 5,502 2005
108 Albania 5,385 2005
109 Honduras 5,339 2005
110 El Salvador 5,316 2006
111 Côte d'Ivoire 5,305 2005
112 Bolivia 5,293 2006
113 Latvia 4,778 2005
114 Cyprus 4,618 2006
115 Yemen 4,456 2005 (estimations)
116 Cameroon 4,090 2005
117 Kosovo 3,996 2006
118 Moldova 3,881 2005
119 Papua New Guinea 3,698 2005
120 Mongolia 3,430 2006
121 Luxembourg 3,156 2005 (estimations)
122 Ethiopia 2,864 2005
123 Montenegro 2,864 2005 (estimations)
124 Nicaragua 2,778 2006
125 Brunei 2,735 2005
126 Angola 2,585 2005
127 Nepal 2,511 2006
128 Mauritius 2,350 2006
129 Senegal 2,159 2006
130 Malta 2,106 2005
131 Bhutan 2,000 2005
132 Uganda 1,983 2005
133 Bahamas 1,894 2005
134 Tanzania 1,880 2005
135 Guam 1,793 2005
136 Laos 1,715 2005
137 Namibia 1,688 2005
138 Macau 1,670 2006
139 Suriname 1,530 2005
140 Gabon 1,520 2005
141 New Caledonia 1,508 2005
142 Malawi 1,397 2005
143 Netherlands Antilles 1,175 2005
144 Fiji 1,046 2005
145 Madagascar 1,046 2005
146 U.S. Virgin Islands 996 2005
147 Barbados 953 2005
148 Botswana 912 2005
149 Guinea 840 2006
150 Guyana 807 2005
151 Mali 804 2006
152 Aruba 770 2005
153 Afghanistan 754 2005
154 Bermuda 618 2005
155 Haiti 535 2005
156 Burkina Faso 516 2005
157 French Polynesia 462 2005
158 Swaziland 460 2007
159 Cayman Islands 400 2005
160 Congo, Republic of the 400 2007[3]
161 Lesotho 350 2005
162 Liberia 319 2005
163 Djibouti 306 2006
164 Saint Lucia 304 2005
165 Greenland 300 2005
166 Faroe Islands 290 2005
167 Somalia 270 2005
168 Eritrea 252 2006
169 Mauritania 248 2005
170 Sierra Leone 245 2005
171 Niger 234 2005
172 Belize 200 2007 (estimations)
173 Micronesia, Federated States of 192 2002
174 American Samoa 180 2005
175 Togo 176 2005
176 Maldives 169 2005
177 Grenada 150 2005
178 Gambia, The 145 2005
179 Gibraltar 141 2005
180 Burundi 137 2005
181 Cambodia 134 2005
182 Saint Kitts and Nevis 125 2005
183 Saint Vincent and the Grenadines 115 2005
184 Samoa 111 2009[5]
185 Central African Republic 109 2005
186 Antigua and Barbuda 105 2005
187 Benin 105 2005
188 Chad 95 2005
189 Rwanda 95 2005
190 Western Sahara 85 2005
191 Dominica 80 2005
192 Solomon Islands 60 2005
193 Guinea-Bissau 60 2005
194 Tonga 54 2006
195 Saint Pierre and Miquelon 50 2005
196 Cape Verde 45 2005
197 British Virgin Islands 45 2005
198 Vanuatu 41 2005
199 Cook Islands 30 2005
200 Nauru 30 2005
201 Equatorial Guinea 28 2005
202 Comoros 20 2005
203 Montserrat 20 2005
204 Sao Tome and Principe 18 2005
205 Falkland Islands 16 2005
206 Turks and Caicos Islands 12 2005
207 Kiribati 9 2005
208 Saint Helena 8 2005
209 Niue 3 2005
210 Gaza Strip 0.14 2005
References

^ CIA - The World Factbook - Rank Order - Electricity - production

But didnt you comment and say the exact same thing about Nigeria on some other thread concerning Nigeria's economic growth?..... It's obvious you're not pleased by the growth taking place in Nigeria and thats fine but please spare us all the hoolabalu...
Fact is Nigeria is growing at a pace and i don't care how significantly small or large it is as long as we grow. Thats because even if i don't get to benefit a whole lot from it, my children or grandchildren will and thats enough fulfillment for me.

Fogman: This is just paper theory. How does an average Nigerian with less than $1 per day comprehend this. Nonsence

Which "average" Nigerian with less than $1, maybe in your messed up head.

AwodwaGyanOniwe: NAIJA GIANT OF SLUMS IN AFRICA BIG BUBBLE/CIRCLE. Zimbabwe is far better than ya'll.

http://maptd.com/urban-africa-slum-populations/

LOOL .... Too many people in denial these days.... Why so much hate against naij though ?

Godogwu:

LOOL .... Too many people in denial these days.... Why so much hate against naij though ?

If he applied the same effort he used to dig up data and post all his write-ups to making his life better, he would end up being a very rich guy. He exposed his fear and loathing with how he became so passionate in proving the whole thing wrong. I'm sure he's a Black South African. A jobless one with little or no game that gets mad when he sees a Nigerian chatting up their girls....I know his kind.....A dead guy.

SMH at our nigerian mentality. Our attitude will always be our downfall. Just check this out

Are The Poor To Blame For Their Poverty?
https://www.nairaland.com/1260611/poor-blame-poverty

hmmmm i see

gaynians are showing their inferiority complex here again on a thread that doesn't concern them ... with their fake banku ugly faces

what is wrong with these nigerian wannabes for banku sake

a country filled with ugly baboons and cheap access to the internet courtesy of glo now think they can compete with nigeria ...a country that is not even upto lagos .... o lawd what kinda inferiority complex is this

ba7man: If he applied the same effort he used to dig up data and post all his write-ups to making his life better, he would end up being a very rich guy. He exposed his fear and loathing with how he became so passionate in proving the whole thing wrong. I'm sure he's a Black South African. A jobless one with little or no game that gets mad when he sees a Nigerian chatting up their girls....I know his kind.....A dead guy.

lol its called inferiotiy complex at its peak its a very strong inferiority complex

Red-Light:
lol its called inferiotiy complex at its peak its a very strong inferiority complex

I still don't understand how the spelling of Nigeria concerns someone far away in S.A or Ghana. They must be unemployed youths. Meanwhile, their mates are smartening up and doing things as we speak.

scipher:
If you were earning a good salary. I bet the above would be in reverse.. Get a life Bro.

In other words, you are one of those vampires that have sucked one nigeria dry.

I have a life,an honest one for that matter,i earn enough to take care of my business.

Thank u.

ba7man: If he applied the same effort he used to dig up data and post all his write-ups to making his life better, he would end up being a very rich guy. He exposed his fear and loathing with how he became so passionate in proving the whole thing wrong. I'm sure he's a Black South African. A jobless one with little or no game that gets mad when he sees a Nigerian chatting up their girls....I know his kind.....A dead guy.

Wow its nice to be over confident, by the way its the poor SA girl that usually go for naija man only for there drug/scam money.

Now I don't really appreciate my fellow SA brothers tone towards nigeria on this topic, I take offense of the usual bigotry on SA Blacks because when looking at the stats even with a 7% growth why are there so many planes full of Igbo Naija brothers coming to SA every week, why don't they stay in there prosperous 7% growth economy especially the educated ones I'm not talking about those who come to SA to hustle on the streets of Hilbrow.

By the way a economy based on consumption is doomed to fail at some stage if this growth doesn't co inside with domestic manufacturing capacity.

For others on this thread the reason why SA has a 2,6% growth rate is because of SA's main trading partners the EU/US manufacturing sluggish growth and recessions currently which had a immense effect on Africa's most industrialized state.

For now Nigeria huge population and its middel class is driving the economy, but we know its not sustainable in the long run. There are many countries who went through a consumer driven boom the US is a prime example of such.

If a country can't control its consumption and focus on education and savings driven industrialization like China, Japan and many other who did this 30 years ago it will create a pyramid economy like Nigeria is today.

I just hope that the current growth in sub-saharan countries will address the continents poverty levels and not just to line up the pockets of connected people who a few sprinkles of sugar around to keep the masses happy and hoping for a better life.

which Nigeria....is it the one in west Africa....or is there any other Nigeria in other part of the world..

these folks with this statistic are fools

@DictatorZA,Otum,Andrewza
Greetings chaps its 8:30 in the morning, I just arrived in my office.

SOME NIGERIAN OLD MAN MENTIONED YOUTH UNEMPLOYMENT

Nigeria: Keeping Up With The Joneses, Naija Style
BY NICHOLAS IBEKWE, 12 APRIL 2013
RELATED TOPICS
Nigeria
Nigeria: U.S. Court Dismisses Shell Torture...
Entertainment
Kenya: Tributes Pour in for Late Taarab Icon...
Lagos — Status is everything in Nigeria. That's how many youth see it, anyway. And if their attitudes about consumption, fashion and entertainment are any indication, the country's widespread poverty and unemployment aren't keeping them from living the good life. On the contrary, young Lagosians are busy keeping up with the Joneses.

Designer clothes, SUVs, private jets: Nigerians sure seem to know how to enjoy themselves. In Banana Island, the country's priciest residential area, a three-bedroom flat goes for over 315 million naira (over 2 million US dollars). So is it Paradise? Someone from the slums of Ajegunle who finds himself walking these streets would be forgiven for thinking so.

But don't be deceived. Only a minuscule few can relish in the glitz. Stupendous wealth lies side by side with abject poverty. In Lagos, the country's largest city, it's normal to find shanties just around the corner from the world's most expensive real estate. For instance, a few kilometres from the tony Lekki Phase 1 is Ikota Estate, a slum inhabited by low-income earners.

In fact, two in three Lagosians are believed to be slum dwellers. Minimum wage-earning Nigerians earn about 19,400 naira (123 US dollars) per month. What's worse, according to the National Bureau of Statistics, over 60 percent of Nigerians live in absolute poverty. The National Directorate of Employment reports that 67 million Nigerian youth are unemployed - worrisome considering over 70 percent of the total population is between 15 and 24 years old.

@DictatorZA,Otum,Andrewza
Greetings chaps its 8:30 in the morning, I just arrived in my office.

SOME NIGERIAN OLD MAN MENTIONED YOUTH UNEMPLOYMENT

Nigeria: Keeping Up With The Joneses, Naija Style
BY NICHOLAS IBEKWE, 12 APRIL 2013
RELATED TOPICS
Nigeria
Nigeria: U.S. Court Dismisses Shell Torture...
Entertainment
Kenya: Tributes Pour in for Late Taarab Icon...
Lagos — Status is everything in Nigeria. That's how many youth see it, anyway. And if their attitudes about consumption, fashion and entertainment are any indication, the country's widespread poverty and unemployment aren't keeping them from living the good life. On the contrary, young Lagosians are busy keeping up with the Joneses.

Designer clothes, SUVs, private jets: Nigerians sure seem to know how to enjoy themselves. In Banana Island, the country's priciest residential area, a three-bedroom flat goes for over 315 million naira (over 2 million US dollars). So is it Paradise? Someone from the slums of Ajegunle who finds himself walking these streets would be forgiven for thinking so.

But don't be deceived. Only a minuscule few can relish in the glitz. Stupendous wealth lies side by side with abject poverty. In Lagos, the country's largest city, it's normal to find shanties just around the corner from the world's most expensive real estate. For instance, a few kilometres from the tony Lekki Phase 1 is Ikota Estate, a slum inhabited by low-income earners.

In fact, two in three Lagosians are believed to be slum dwellers. Minimum wage-earning Nigerians earn about 19,400 naira (123 US dollars) per month. What's worse, according to the National Bureau of Statistics, over 60 percent of Nigerians live in absolute poverty. T[b]he National Directorate of Employment reports that 67 million Nigerian youth are unemployed - worrisome considering over 70 percent of the total population is between 15 and 24 years old.[/b]

@DictatorZA,Otum,Andrewza
Greetings chaps its 8:30 in the morning, I just arrived in my office.

SOME NIGERIAN OLD MAN MENTIONED YOUTH UNEMPLOYMENT

Nigeria: Keeping Up With The Joneses, Naija Style
BY NICHOLAS IBEKWE, 12 APRIL 2013
RELATED TOPICS
Nigeria
Nigeria: U.S. Court Dismisses Shell Torture...
Entertainment
Kenya: Tributes Pour in for Late Taarab Icon...
Lagos — Status is everything in Nigeria. That's how many youth see it, anyway. And if their attitudes about consumption, fashion and entertainment are any indication, the country's widespread poverty and unemployment aren't keeping them from living the good life. On the contrary, young Lagosians are busy keeping up with the Joneses.

Designer clothes, SUVs, private jets: Nigerians sure seem to know how to enjoy themselves. In Banana Island, the country's priciest residential area, a three-bedroom flat goes for over 315 million naira (over 2 million US dollars). So is it Paradise? Someone from the slums of Ajegunle who finds himself walking these streets would be forgiven for thinking so.

But don't be deceived. Only a minuscule few can relish in the glitz. Stupendous wealth lies side by side with abject poverty. In Lagos, the country's largest city, it's normal to find shanties just around the corner from the world's most expensive real estate. For instance, a few kilometres from the tony Lekki Phase 1 is Ikota Estate, a slum inhabited by low-income earners.

In fact, two in three Lagosians are believed to be slum dwellers. Minimum wage-earning Nigerians earn about 19,400 naira (123 US dollars) per month. What's worse, according to the National Bureau of Statistics, over 60 percent of Nigerians live in absolute poverty. The National Directorate of Employment reports that 67 million Nigerian youth are unemployed - worrisome considering over 70 percent of the total population is between 15 and 24 years old.