Quality of Life in Nigeria
The term ‘quality of life’ (QOL) refers to the general well-being of individuals and societies. The term is used in a wide range of contexts, including the fields of international development, healthcare, and politics.
“Warren Buffett, probably the world’s most successful investor, has said that anything good that happened to him could be traced back to the fact that he was born in the right country, the United States, at the right time (1930)”.
None of us has a say in where he is born, but we can do something about it for our children.
I therefore wish to discuss each factor associated with quality of life as related to Nigeria and plead for suggestions from all of us on how to improve on them so as to make this country a good place for us to live:
* Material wellbeing as measured by GDP per head:
The gross domestic product (GDP) or gross domestic income (GDI) is one of the measures of national income and output. GDP can be defined in three ways, which should give identical results. First, it is equal to the total expenditures for all final goods and services produced within the country in a specified period of time (usually a 365-day year). Second, it is equal to the sum of the value added at every stage of production by all the industries, plus taxes and minus subsidies on products. Third, it is equal to the sum of the income generated by production like compensation of employees, taxes on production and imports less subsidies, and gross operating surplus. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time.
The Gross Domestic Product (GDP) in Nigeria was worth 243.98 billion US dollars in 2011. The GDP value of Nigeria represents 0.39 percent of the world economy. GDP in Nigeria is reported by the World Bank. Historically, from 1961
“Warren Buffett, probably the world’s most successful investor, has said that anything good that happened to him could be traced back to the fact that he was born in the right country, the United States, at the right time (1930)”.
None of us has a say in where he is born, but we can do something about it for our children.
I therefore wish to discuss each factor associated with quality of life as related to Nigeria and plead for suggestions from all of us on how to improve on them so as to make this country a good place for us to live:
* Material wellbeing as measured by GDP per head:
The gross domestic product (GDP) or gross domestic income (GDI) is one of the measures of national income and output. GDP can be defined in three ways, which should give identical results. First, it is equal to the total expenditures for all final goods and services produced within the country in a specified period of time (usually a 365-day year). Second, it is equal to the sum of the value added at every stage of production by all the industries, plus taxes and minus subsidies on products. Third, it is equal to the sum of the income generated by production like compensation of employees, taxes on production and imports less subsidies, and gross operating surplus. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time.
The Gross Domestic Product (GDP) in Nigeria was worth 243.98 billion US dollars in 2011. The GDP value of Nigeria represents 0.39 percent of the world economy. GDP in Nigeria is reported by the World Bank. Historically, from 1961