Analysts said the recalculated GDP would raise Nigeria’s profile, but change little on the ground.
"Is the money in your bank account more on Sunday than it was on Saturday? If you had no job yesterday, are you going to have a job today?" asked Bismarck Rewane, CEO of Lagos-based consultancy Financial Derivatives.
"If the answer to those questions is ‘no’, then this is an exercise in vanity," he added, though he said the new figure was more accurate.
Many Nigerians shrugged off the GDP news.
"I’m not really impressed. I don’t feel it in my pocket… It’s not the masses who are rich," said Richard Babs-Jonah, 47, a small farmer, expressing the common view that Nigeria’s economy is rigged in favour of a handful of well-connected oligarchs.
"Those controlling the economy, those with government contracts, get all the money.""
South Africa overtaken as biggest economy in Africa after Nigeria rebases GDP calculation to more than $500bn.
Couldn’t agree more with these two statements. The real test of Nigeria’s developments will be when our national services, infrastructure and resources are well managed, maintained and distributed, and when people no longer feel the need to seek better opportunities abroad. When Nigerians stop leaving the country in droves, or at least try to, that’s when we’ll celebrate the country’s progress.
Whenever I tell people that I live in Nigeria I know exactly what they are about to ask, “Is there electricity, are the roads sandy, do people live in huts, what do you eat, what did you do about clothes?!” Not only do I find this hilarious, but I also find it inherently irritating - there are a host of beautiful boutiques, stalls and shops in Nigeria that are stocked to the brim with simply amazing pieces.
So here it is, a list of all my favourite places to shop in South Western Nigeria, ranked from High-Low in terms of budgets.
- Florence H: Florence H is possibly my favourite shoe and handbag store on the west coast of Nigeria - not only do I adore the pieces in the store but I admire the attention to detail in the interior design and even down to how the pieces are displayed. The boutique is stocks pieces from fashion legends such as Louboutin and I see this as the first of its kind in terms of high fashion establishments in Nigeria - and it really does prove that Nigerians do respect and appreciate high fashion, so much so that they come down to Florence H to get such chic pieces for red carpet events, dinners and parties. So I must say if you are looking to bump into Kelly Rowland, Brandy or Malika Haqq anytime soon, or if you just want that Chanel you definitely need to visit! Address: 32 Musa Yaradua Street VI, Lagos | Instagram: @florenceh_
- Grey Velvet: This is possibly one of the hottest retailers in Nigeria - not only is it known for its celeb clientele but it focuses on the promotion of signature African brands. Pieces sold are a play on traditional Nigerian pieces such as the age old 'iro and buba' - which the store now stocks in chiffon fabric to appeal to the Spring/Summer season and also to revamp the style and make the younger ages more inclined to purchase or wear them proudly. From Iro and Buba to T shirts to Agbani Darego jeans, how could you go wrong? Most definitely a personal favourite of mine - Ikeja City Mall, Alausa, Ikeja and Centro Lekki Mall, Admiralty Way, Lekki Phase
- Trinkets and treasures: This is an uber chic, modern jewellery store which stocks everything from Swarovski encrusted rings to signature gold. The pieces are sourced from around the globe and are then carefully categorised into Seasonal collections depending on that seasons trend - for instance this year’s Summer collection was dominated by a warm rose gold hue to contrast with the predominant orange colour for the AW14 season. This then makes pairing jewellery and outfits easier for clients - how nifty! Be sure of nothing but the best customer service and also take a look at exclusive collections in stores now!
- Isale Eko: The first day I walked through this market I was completely lost at the size of it. With every corner we turned there was a burst of colour, soft breeze blowing all types of ankara, chiffon, lace and silk around. It was such an intense walk but I loved everything I had seen! This is one of the best places to shop in Nigeria, especially as a first timer - the hustle and bustle of the market not only startles you but it makes you realise how fierce Nigerians are in terms of their trade - which I absolutely adore! Not only this, but it caters to everyone, everywhere - the market welcomes whatever you have and with a market as huge and intense you will be sure to find what you are looking for
- Bere: Ibadan’s hub for traditional fashion and style teems from the centre of the city itself. From the top of this hill in Gbagi you can view the entire city and gape at its ‘legendary’ brown roofs, Bawwa tower, Cathedral and amazing landscape. This is possibly one the best places I know where 'Aso Ofi' and precious coral stones can be bought for special occassions - Usually coming to this market infers that you are getting married soon, walking through the tiny footpaths you are usually showered with blessings from the Mallams and Old women in their stalls. With an amazing atmosphere and a fierce vibe this is an amazing place to come and look at the beginning of Yoruba civilsation and also buy amazing pieces for yourself.
Contact me and tell me what you think!
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Ethnicity is one of the keys to understanding Nigeria’s pluralistic society. It distinguishes groupings of peoples who for historical reasons have come to be seen as distinctive—by themselves and others—on the basis of locational origins and a series of other cultural markers. Experience in the postindependence period fostered a widespread belief that modern ethnicity affects members’ life chances. In Nigerian colloquial usage, these collectivities were commonly called “tribes.” In the emergent Nigerian national culture, this topic was discussed widely as “tribalism,” a morally reprehensible term whose connotations were similar to American terms, such as “discrimination,” “racism,” or “prejudice.” Nigerian national policies have usually fostered tolerance and appreciation for cultural differences, while trying at the same time to suppress unfair treatment based on ethnic prejudice. This long-term campaign involved widespread support in educated circles to replace the term “tribe” or “tribal” with the more universally applicable concept of ethnicity. Nevertheless, older beliefs died slowly, and ethnic identities were still a vital part of national life in 1990.
The ethnic variety was dazzling and confusing. Estimates of the number of distinct ethnic groupings varied from 250 to as many as 400. The most widely used marker was that of language. In most cases, people who spoke a distinct language having a separate term for the language and/or its speakers saw themselves, or were viewed by others, as ethnically different. Language groupings were numbered in the 1970s at nearly 400, depending upon disagreements over whether or not closely related languages were mutually intelligible. Language groupings sometimes shifted their distinctiveness rather than displaying clear boundaries. Manga and Kanuri speakers in northeastern Nigeria spoke easily to one another. But in the major Kanuri city of Maiduguri, 160 kilometers south of Manga-speaking areas, Manga was considered a separate language. Kanuri and Manga who lived near each other saw themselves as members of the same ethnic group; others farther away did not.