• Advertise with us
  • Career
  • Contact Us
  • Login
  • Home
  • News
  • Politics
  • Sports
  • Entertainment
  • Videos
  • Career
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Sports
  • Entertainment
  • Videos
  • Career
  • Contact Us
No Result
View All Result
Pararan Tv
No Result
View All Result
Home News

Nigeria at 61: Where we were and where we are now in numbers

by
2021-10-06
in News
0
Nigeria at 61: Where we were and where we are now in numbers
Share on FacebookShare on Twitter

On Friday, October 1, Nigeria marked its 61st Independence Day anniversary.

It is worth looking back at how far the nation has come and the different socio- economic changes.

Population

Nigeria’s population statistics have long been contentious, owing to the division between the south and the north, as well as other factors.

However, figures from the World Bank and the United Nations Department of Economic and Social Affairs suggest that Nigeria had a population of 45.1 million in 1960.

Nigeria has not conducted a population census since 2006, thus the National Population Commission depends on the World Barometer estimate of Nigeria’s current population of 212.8 million.

This is a 371.8% growth over the preceding 61 years.

Literacy level

On literacy level, the latest figure from the National Bureau of Statistics shows that the percentage of people who can both read and write, with understanding of a short simple statement about their everyday life, stands at 62.02% .

This is quite a remarkable achievement when compared to the 40% in 1960.

What this means is that at least over 132 million Nigerians can read today in 2021.

GDP

Gross Domestic Product or GDP represents the economic health of a country.

When Nigeria declared its independence in 1960, its GDP was $4.2 billion, the lowest in the period under review.

According to latest figures from the NBS, Nigeria currently has a real GDP of $514 billion.

However, while the nation’s growth since 1960 is certainly laudable, this has unfortunately not percolated into real economic changes in the life of Nigerians.

Per-capita income

Nigeria per capita income as at 1960 stood at $93. However, in 2021 it stands at $2,400.

Poverty Rate

Despite the significant expansion in the economy, the per capita income is not at pace to adequately cater for the country’s population growth.

This imbalance, according to NBS as at 2020 pushed 40 percent or 83 million Nigerians into poverty.

Although Nigeria’s poverty profile for 2021 has not yet been released, it is estimated that the number of poor people will increase to 90 million, or 45% of the population, in 2022.

In contrast, as at 1960, the poverty rate in Nigeria stood at 27 percent.

Inflation

It is easy to find the answer as to why there is a significant increase in poverty in the country.

Inflation, which is the price changes in the goods and services in the country, has accelerated from 5.44% to 17.01% as at the end of August 2021.

Exchange Rate

This increase was even made more significant when you consider that the exchange rate for Nigerian currency to the U.S dollars was N0.71.

As at the end of Thursday trade, on the eve of independence, Naira exchanged to the U.S dollar N413.38 at the official market while at the black market it stood at N570.

Life expectancy

As at 1960, Nigeria’s life expectancy was put at 37 years. In 2021, it stands at 61 years.

In 1960, the male record stood at 36 years while life expectancy for the female was put at 38 years. In 2021, the male figure stands at 59 years while life expectancy for the female gender stands at 63 years.

On Debt

There were no figures for Nigeria’s debt stock from 1960-1979.

However, in the last 41 years, Nigeria’s debt stock has increased from $3.4 billion in 1980 to $86.57 billion as at June 2021.

This is a massive rise by 2446.17% within the period under

Previous Post

Singer, Brymo, claims Tuface set thugs on him for ‘eyeing his throne’

Next Post

BBNaija winner, WhiteMoney, dismisses possibility of dating Queen

Related Posts

Adaure’s Hope Community Initiative Gives Support to Vulnerable Pupils in Lagos
News

Adaure’s Hope Community Initiative Gives Support to Vulnerable Pupils in Lagos

by pararan tv
2023-09-12
Niger State Victory Dinner Held at Justice Idris Legbo Kutigi International Conference Centre, Minna
News

Niger State Victory Dinner Held at Justice Idris Legbo Kutigi International Conference Centre, Minna

by pararan tv
2022-06-14
EFCC arrests 31 suspected ‘yahoo’ boys in Benin, seize nine exotic cars
News

EFCC arrests 31 suspected ‘yahoo’ boys in Benin, seize nine exotic cars

by
2022-02-23
BUK first-class graduate shot dead in Anambra
News

BUK first-class graduate shot dead in Anambra

by
2022-02-21
Uncultured Daughter of the New Olubadan: Yinka Balogun
News

Uncultured Daughter of the New Olubadan: Yinka Balogun

by
2022-02-21
Next Post
BBNaija winner, WhiteMoney, dismisses possibility of dating Queen

BBNaija winner, WhiteMoney, dismisses possibility of dating Queen

0 0 votes
Article Rating
Subscribe
Login
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Premium Content

Sunday Igboho reportedly arrested in Cotonou fleeing to Germany

2021-07-20
Electricity tariffs may rise in July, NERC plans review

Electricity tariffs may rise in July, NERC plans review

2021-04-27
I’d reject senseless role even for N10m–Bimbo Ademoye

I’d reject senseless role even for N10m–Bimbo Ademoye

2021-03-13
ADVERTISEMENT

Browse by Category

Browse by Tags

Busiess comedian Davido Joe Biden Lekki Tool Gate Protest Mr. Macroni NEITi 4 Orji Ogbonnaya Orji Time Magazine
Pararan Tv

Pararan Tv is an Online Tv platform With Breaking News. Watch Us Live. It’s our job to inform and entertain you. Tune in for breaking news & exciting shows. We were born to be your Best Experience.

Categories

  • Business
  • Celebrity Gist
  • Education
  • Entertainment
  • Foreign
  • Health
  • Music
  • News
  • Politics
  • Sports
  • Travel
  • Videos
  • World

Browse by Tag

Busiess comedian Davido Joe Biden Lekki Tool Gate Protest Mr. Macroni NEITi 4 Orji Ogbonnaya Orji Time Magazine

Recent Posts

  • Adaure’s Hope Community Initiative Gives Support to Vulnerable Pupils in Lagos
  • Niger State Victory Dinner Held at Justice Idris Legbo Kutigi International Conference Centre, Minna
  • Social Media Management Services. We’ve got you covered!

© 2021 Pararan Tv - All Right Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Sports
  • Entertainment
  • Videos
  • Career
  • Contact Us
  • Login

© 2021 Pararan Tv - All Right Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
wpDiscuz
0
0
Would love your thoughts, please comment.x
()
x
| Reply
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?