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USA Africa Dialogue Series - Rebasing of Nigeria's economy

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The Guardian on Sunday
April 13, 2014

Nnamani Centre Commends Rebasing of Nigeria's  Economy
 
The Ken Nnamani Centre has commended the leadership of the National Bureau of Statistics, NBS, for coming up with the recent rebasing of Nigeria's economy. The Centre said the exercise was long overdue and a courageous step which will afford the government the right statistical data to confidently stand and engineer our economic development.
       The Executive Director of the Centre, Prof. Ebere Onwudiwe in a statement noted that the Bureau has done so well that its Chief Executive, Dr. Yemi Kale should join hands with the headship of the National Population Commission, NPC, "to give us a true population count, one that will revise the current number of Nigerians up or down."
         According to him, it is when we have a population count that approximates the actual number of Nigerians that it shall be said for a fact that we have become serious about development. "He has given us a truer nominal GDP, the next best thing if I were the President is to ask Dr Yemi Kale to help the NPC give us a new and truer demographic data base for policy making," Onwudiwe stated.
        He dismissed the view of some commentators who disparage the rebasing of Nigeria's nominal GDP as voodoo economics; a defamatory term a former US presidential aspirant George Bush, Snr., used to attack "Reaganomics," Ronald Reagan's economic policies that turned out to be great for the American economy.                    
         Onwudiwe insists that what matters is that planning in this country's economy has been hampered by false numbers for too long and needs to be corrected, which the Bureau has done. "Others confuse the intention of rebasing the economy altogether, saying it is an overnight growth without development, as if we did not have growth without development at the old GDP level."
 

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On Apr 11, 2014, at 11:16 PM, Toyin Falola <toyinfalola@austin.utexas.edu> wrote:

Robert Mugabe bribery comment offends Nigeria

Zimbabwe's President Robert Mugabe delivers his speech during celebrations to mark his 90th birthday in Marondera, 23 February 2014Robert Mugabe reportedly made the comments in March

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Nigeria has summoned Zimbabwe's envoy over remarks President Robert Mugabe made about corruption, state media say.

Mr Mugabe reportedly said last month that Zimbabweans were becoming "like Nigeria" when it came to corruption.

Nigeria summoned Zimbabwe's diplomat on Thursday, calling Mr Mugabe's comments "vitriolic and denigrating", Nigeria's state news agency said.

In its 2013 index, Transparency International listed Zimbabwe as more corrupt than Nigeria.

The list released by the Berlin-based organisation placed Nigeria as 144th out of 175 countries on its Corruption Perceptions Index 2013, while Zimbabwe was ranked 157th.

Mr Mugabe criticised corruption in Zimbabwe in March, asking: "Are we now like Nigeria where you have to reach into your pocket to get anything done?"

Map graphic

On Thursday, Nigeria's foreign ministry summoned Zimbabwean envoy Stanley Kunjeku, lodging "the strongest protest" against the statement, News Agency of Nigeria said.

"Not only does it not reflect the reality in our country, but to come from a sitting president of a brotherly country is most unkind and very dishonourable,'' the ministry added.

A 2013 survey by Transparency International found that one person in four had paid a bribe to a public body over the last year, with the poor record of some African nations on bribery standing out.

Toyin Falola
Department of History
The University of Texas at Austin
104 Inner Campus Drive
Austin, TX 78712-0220
USA
512 475 7224
512 475 7222 (fax)

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