Jide Ogunsanwo, a data and analysis guru, believes that a simple approach should be used to explain complex things. I met with him and this is how he simply broke down the GDP rebasing saga.
1. A higher GDP means that Nigeria would get mentioned a lot of times on many international newspapers and television stations. Certainly, this would attract more interest in Nigeria; especially from foreign businessmen. The lesson here is that we should all get ready to see more Chinese looking men and of course Chinese restaurants. Continue...
2. Lesson 2: Now that we are No.1 in Africa, maybe some Presidents that had shunned us would have a re-think. We could (may be o) soon sight Barrack Obama near Aso-Rock.
3. Every parent wants their child to come first in school. As long as you are number one, you would get admired. If you disagree, ask Messi, Ronaldo or Tuface . Sadly, terrorists also prefer to operate in countries that are ranked number 1. Why? It makes their evil actions get more news coverage. Our national defense team need to now be more vigilant.
4. I’m sure you know that the prettiest ladies in the world get the highest number of male visitors. Being the winner of ‘The Biggest country in Africa in 2014’ means that our airports would get more visitors. What do you think would soon happen to vehicle traffic around the international airports? However, I see better days ahead for hotel operators and every other 'business' that happens outside the hotels (especially at night)
5. I’m sorry, but GDP rebasing would not make your bank account fatter. You still need to work hard to get money. In Naija, you need more than hard work. Don’t ask me what you need?
6. Before you get tired of reading, you need to know that the recalculated GDP reminds the Government that a lot of us do not pay tax. Now that the Government desperately needs money, what are they likely to do? Your guess is as good as mine.
Finally, the price of rice, garri, beans and pure water would not go down.
Personal regards,
J.O
twitter: @ogunsanwojide
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