Unic Press UK: The Nigerian government will rejig the age limit for elective political office holders.
Addressing the Nigerian people Tuesday, 29th May 2018, in commemoration of the 2018 Democracy Day, Nigerian President Muhammadu Buhari said: “In few days to come, I will be joined by many promising young Nigerians to sign into law the ‘Not Too Young to Run’ Bill”.
The Bill which had been passed by the National Assembly seeks to amend Section 106, 131, 177 and 65; and will rejig the qualification for membership of the National Assembly, qualification for membership of the House of Assembly, qualification for election to the office of the President and qualification for election to the office of the Governor of a state.
Nigeria – Economic Indicators & Other Information
- Consumer Price Index (CPI): The CPI which measures inflation increased 14.33 percent (year-on-year) in February 2018, illustrating a 0.8 percent points lower than the rate recorded in January 2018 (15.13). [National Bureau of Statistics, Nigeria]
- Gross Domestic Product (GDP): $404.65 billion as of 2016. [World Bank].
- GDP per capita: $2,175.67 as of 2016. [World Bank].
- Total National Debt: ₦21.725 trillion [$70.99 billion] at 31st December 2017.
- Unemployment: “The unemployment rate increased from 14.2% in Q4 2016 to 16.2% in Q2 2017 and 18.8% in Q3 2017”, the country’s Bureau of Statistics said in its report ‘Labor Force Statistics Vol. 1: Unemployment and Underemployment Report (Q1-Q3 2017)’of December 2017.
- Population: 185.98 million as of 2016. [World Bank]. The current estimate is 195 million based on Live update as of 15 May 2018.
- The total land area is circa 910,770 Km2. [World Bank].
- Life expectancy at birth [2015]: 52.9 years as of 2015. [World Bank].
- Central Bank of Nigeria official exchange rate as of 29 May 2018 $1= ₦305.95
