10 relatively new companies whose market capitalisation is greater than Nigeria’s total gross domestic product (GDP) of $375bn

Ayo Akinfe

(1) Apple - $1.6trn
(2) Microsoft - $1.54trn
(3) Amazon - $1.52trn
(4) Alphabet - $1.04trn
(5) Alibaba - $673bn
(6) Facebook - $665bn
(7) Berkshire Hathaway - $466.8bn
(8) Taiwan Semiconductor - $431bn
(9) Visa - $419.2bn
(10) Johnson & Johnson - $387bn

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 - $2,65trn
(2) Brazil - $2.05trn
(3) Mexico - $1.15trn
(4) Indonesia - $1.05trn
(5) Turkey - $851bn
(6) Saudi Arabia - $686bn
(7) Argentina - $637bn
(8) Thailand - $455bn
(9) Iran - $454bn
(10) United Arab Emirates - $382bn

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.