The debate over Nigeria's economic reforms, particularly the removal of the petrol subsidy, continues to draw attention. Economist Professor Bongo Adi recently referenced the Rule of 70 in discussing Nigeria's growth trajectory, a mathematical formula that estimates doubling time based on a constant growth rate. For instance, an economy growing at four percent annually would double in 17.5 years. However, the application of this rule as a predictive tool for Nigeria's economic growth is problematic.
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