Business Day
30 August 2011
.•Gini co-efficient lower than African, Middle East average
The bleak picture shows that one person, for instance, consumes an average of 8.5 litres of milk per year, in Nigeria , compared to an average of 48.8 litres per person in Africa and Middle East .
Bismarck Rewane, economist and chief executive officer of Financial Derivatives Company (FDC) Limited, in his recent economic report said one person in Nigeria is only privileged to consume an average of 9.6 kilogrammes of meat, compared with an average of 24.9 kilogram per person in Africa and Middle East
Based on the foregoing, Rewane warns that unless something is done to drastically improve the situation, Nigeria stands the risk of increased political and social vulnerability, with the present state of things.
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