Nigerian elections are meaningless if they cannot get the country a gross domestic product of a least $1trn by the time the tenure ends in 2027

Ayo Akinfe

Here are 10 relatively new companies whose market capitalisation is greater than Nigeria’s total gross domestic product (GDP) of $375bn. This should shame the world's largest black nation with a population of 200m into action:

[1] Apple - $2.36trn
[2] Microsoft - $1.89trn
[3] Alphabet - $1.56trn
[4] Amazon - $1.1trn
[5] Tesla - $$724.65bn
[6] Berkshire Hathaway - $612bn
[7] United Health - $$482.61
[8] Johnson & Johnson - $$462.73bn
[9] Facebook - $441bn
[10] Visa - $$433.45bn

No matter how you cut it, Nigeria’s problems all stem from the fact that we are simply not productive enough. Look at the GDP of several developing nations too:

[1] India - $3.3trn
[2] Brazil - $1.8trn
[3] Iran - $1.7trn
[4] Mexico - $1.3trn
[5] Indonesia - $1.3trn
[6] Saudi Arabia - $1trn
[7] Turkey - £929bn
[8] Taiwan - $841bn
[9] Argentina - $637bn
[10] Thailand - $455bn

I have no doubt at all where our problems lie and if I had my way, every activity in Nigeria would be subordinated to industrial production. Unfortunately, as a people, we are not yet ready for the harsh medicine this requires as it will demand a fundamental overhaul of our lifestyles and values.