Towards A $3 Trillion GDP For Nigeria!
In the most optimistic of my model, Nigeria can hit this number. The sub-$500 billion GDP of today is a national shame! This is the plan, again.
How?
It is an optimistic model. Like I noted in the video, if you document all the land assets and farm lands in Nigeria, making them tradable and with velocity, you will unlock at least $700 billion in new economic output in Nigeria, In short, if that happens, some of the top middle class Nigerians may be living right now in villages. And if that is the case, all banks would open branches in rural areas because men and women with networks are those controlling those new assets.
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Simply, they can borrow, and spend. Today, that $700b is treated as largely $0 in Nigeria's balance sheet as the assets have no velocity. If you begin with $500 billion as GDP, from my primary school compound interest lesson, I need rate of about 16% annually to hit $3 trillion in 11 years. If the land becomes more liquid, that number drops to 8%. Add few more things, you see we can do this because across most sectors, we have not started.
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