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updated 10:20 AM UTC, Dec 13, 2023

The Future Of Nigeria Lie On General Election 2019 – Opposition Party, PDP

Unic Press UK: The chairman of the People’s Democratic Party (PDP) of Nigeria, Uche Secondus says the voting decisions and the outcome of this year’s General Election would determine the country’s future.

“The future of the country lies on the voting decisions they make in the new year. The general election in the country this year 2019 provides ample opportunity for the country to be rescued and restored as the biggest black nation in the World both economically and politically. This year provides us the ground to save our democracy and the country from the comatose state the misrule and inept administration of the All Progressives Congress, APC has placed it. It was not the desire of Nigerians in 2015 when they voted to have such frightening unemployment record as confirmed by the National bureau of statistics after nearly four years. The growing insecurity in the land, the senseless killings across the country, the endless mauling down of our troops by terrorists and the apparent helpless and insensitive disposition of the government all raise a lot of concern and calls for real change in our polity,” Secondus said on Twitter.

Nigeria General Election 2019 would hold on Saturday, 16 February 2019, from 08:00 hrs (Lagos time).



Nigeria: Brief analysis of a few indicators from Unic’s economic correspondents

Inflation Rates – This rose to and remains double digits from February 2016 to date.

  • In March 2015, the Consumer Price Index (CPI), which measures inflation rose by 8.5% (year-on-year), marginally higher from the 8.4 percent rate recorded in February 2015. [Source: National Bureau of Statistics, Nigeria]
  • In November 2018, which is circa 3 years afterwards, it peaked at by 11.28% (year-on-year).

Corruption Index

  • Transparency International Corruption Perception Index 2015: Ranked 136 among 180 countries.
  • On the Corruption Perception Index 2017: Nigeria dropped farther down from 136 to 148 in a ranking of 180 countries.

Nigeria’s Public Debt (Consolidated)

  • $63,806,450,000 + ₦12,118,849,450,000. (Source: Debt Management Office: June 2015)
  • $73,207,940,000 + ₦22,379,666,270,000. (Source: Debt Management Office: June 2018)

Life expectancy

  • The national life expectancy for women was 56 years and for men 53 years (NBS Statistical Report: 2013). This has not improved as of today when compared with the ruling party All Progressives Congress target, which is, 63 years.

Poverty

  • Nigeria is currently the poverty capital of the world with an estimated 90.7 million people (almost a half of the population) living in extreme poverty as of December, 14, 2018. (Source: World Poverty Clock)


Nigeria – additional information

  • The consumer price index, (CPI) which measures inflation increased by 11.28% (year-on-year) in November 2018, illustrating a 0.02 percent points higher than the rate 11.26% recorded in October 2018. [Source: National Bureau of Statistics, Nigeria]
  • Q3 2017 Gross Domestic Product (GDP) in nominal terms: “. . .aggregate GDP stood at ₦29,451,303.99 million in nominal terms.” (National Bureau of Statistics, Nigeria)
  • Total Public Debt: ₦48.93 trillion [$134.89 billion] as of 30th June 2018.
  • 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. (Source: World Bank). However, the current estimate is approximately 199 million based on Live update as of December 14, 2018.
  • The total land area is circa 910,770 Km2. (Source: World Bank).
  • Male life expectancy at birth is 53 years. (Source: NBS Statistical Report, 2013). But, according to a report from Country Meters, it is currently 46.8 years)
  • Female life expectancy at birth is 56 years. (Source: NBS Statistical Report, 2013). A report from Country Meters says it’s currently 48.4 years.
  • Official exchange rate as of December 14, 2018: $1= ₦306.90. (Source: Central Bank of Nigeria)

 

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