Before you take to your twitter, Facebook or Whatsapp page and join your cohorts, read through this piece. Don’t just join the clique…bandwagon effect! Have a deep insight about what is really the bone of contention. This work would revolve around these three countries: Nigeria, Senegal, Ghana and South Africa. I will divulge into the economic strengths and distribution of wealth across sectors. I will also pry into the actual mentality of their citizens.
Just some days ago, news broke out some days ago about how Senegal has come up with a low-budget testing kits which cost about $1 per unit. They also $60 ventilator as against the imported own of about $60,000. Senegal also reportedly the third country on WHO list of countries that contained Covid-19 outbreak and whose recovery rate is top-notch.
Also, Ghana and South Africa also making the news having tested more than one hundred thousands of its citizens. Meanwhile, the supposed African giant coming with the news ranging from the country testing about 10,000 and also ridiculously saying they desperately need testing kits. The above diction shouldn’t be confused to being an enemy of the state or those in power but rather that of a concerned citizen who has witnessed billions of dollars donated in cash and materials to the country that claims to be “desperately in need of testing kits”.
The aforementioned countries are in no way provided resources up to that level but have chosen to outsmart its supposed African Giant that has been provided more than enough resources. Now, Let have an insight into the economic strength of these countries.
According to Wikipedia, Senegal is predominantly rural and its on surviving on limited resources and at the same time, the World Bank has tagged this country the most politically stable country in Africa. Senegal is with a GDP of about Increase $23.940 billion (nominal, 2019 est.) & Increase $64.600 billion (PPP, 2019 est). The former French colony has a GDP per capital Decrease $1,428 (nominal, 2019 est.)Increase $3,853 (PPP, 2019 est.). In 2017, unemployment was about 15,7%. With an average Senegalese living on less than $3 per day. Their main industry is all about agricultural and fish processing, phosphate mining, fertilizer production, petroleum refining, zircon, and gold mining, construction materials, ship construction and repair.
Moreso, Ghana is a country of about 30million people whose major exports include technology, digital technology goods, automotive and ship construction and exportation, and the exportation of diverse and rich resources such as hydrocarbons and industrial minerals. (Wikipedia). It has one of the biggest GDP in West Africa. With a GDP of about $67.077 billion (nominal, 2019 est.)[Increase $204.813 billion (PPP, 2019 est.). This GDP per capital Increase $2,223 (nominal, 2019 est.) Increase $6,956 (PPP, 2019 est.) with unemployment of about 5.7% (2016)11.9% (2015 est.).
And our great Nigeria which serves as a home for about 200million people. The most populated in the continent and by far the biggest economy. According to Wikipedia, Nigeria is a middle-income, mixed economy and emerging market, with expanding manufacturing, financial, service, communications, technology and entertainment sectors. It is ranked as the 27th-largest economy in the world in terms of nominal GDP, and the 22nd-largest in terms of purchasing power parity.
Nigeria has the largest economy in Africa; its re-emergent manufacturing sector became the largest on the continent in 2013, and it produces a large proportion of goods and services for the West African subcontinent. With an economy worth billions of dollars, Nigeria is the poverty capital of the world with its citizen living below $1 per day and unemployment rate of about 80%. This same country has a GDP of about Increase $446.543 billion (nominal, 2019 est.)Decrease $1.181 trillion (PPP, 2020 est.) and GDP per capita of about Increase $2,222 (nominal, 2019 est.) Increase $6,055 (PPP, 2019 est.). With poverty level at 46% (2009); 77.6% on less than $3.20/day (2009). With the unemployment rate as at 2018 with 23.1% (Q3 2018).
I know these terms and numbers are quite unclear but let’s do this, check the differences and be the judge, which is better at figures but by function, definitely you will be disappointed. Nigeria is a failed state! A failed economy all due to the wrong choice of the country leadership Ghana has conducted more than one hundred thousand tests, with South Africa topping the list with about one hundred and thirty-five tests conducted. So, the supposed African Giant has conducted only about ten thousand tests leaving some state without a single case as a result of the absence of just a single test in the states.
Ordinarily, the countries are in no way superior nor is it that they have a more robust economy but rather the distribution of wealth is well managed and distributed. With all resources budgeted for as if not enough the house of assembly in the country has granted the president will to seek loan of about #850 billion. What’s more perplexing is that not even a road map of projects to put in place nor do they put up strategy. The only thing Nigerian government know how best to do is waste the money and then come on TV saying they’ve spent about so so billions so far! No record for it.
Have you forgotten so fast about the relief materials that were delivered to states? Oyo and Ogun State government have come out to say they’re spoilt bags of rice and they are useless. They also planned on returning them back to the federal government. While I stop here, watch out for the next post about the explanation of the terms and how they relate directly to this subject matter and the discussion on how each sectors have been catered for in each country.