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Africans beginning to get richer as lumi presents huge opportunity

T.I Ukende
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The World Bank’s latest Gross National Income per capita report shows that Nigeria’s gross national income per capita has surged to $5,250 per capita in 2021. This is a 5% increase compared to $5,000 per capita in 2020.

Lumi currency has presented a huge opportunity for Nigerians and Africans at large to get richer by simply investing into ECO-6’s digital currency.

Our Newsway audience will be familiar with the definition of Gross National Income as the total income earned by a nation’s people and businesses, including economic aid and investment income, regardless of where it was earned.

The ECO-6 lumi currency stimulus is one of such ways Nigeria can increase their Gross income.

In other words, GNI includes income earned from overseas investments by residents of a country (i.e. folks residing in Nigeria but earning overseas income)

There is actually a formula [GNI = GDP + Money flowing from overseas – Money flowing to foreign countries].

Inasmuch as ECO-6’s payment platform (Swiffin) is presently battling to restore its technical issues, Africans can zealously investing to help make the giant project a reality and their wellbeing as well.

This increase in Nigeria’s GNI per Capita is remarkable especially as it occurred despite the plethora of headwinds facing Africa’s largest economy and its residents.

Furthermore, Nigeria’s GNI per capita of $5,250 is at the highest in the last six years.

On an aggregated basis Nigeria’s Gross National Income is over USD$ 1 trillion and simply dwarfs all other African countries except Egypt with GNI of $1.2 trillion.

South Africa is a close third with $0.99 trillion aggregate Per Capita basis

As with most economic indicators, a per capita basis is arguably a more appropriate measure to assess how aggregate results are being felt by everyone in that economy.

On a Per Capita basis, Nigeria ranks 20th. Thus, remains part of the top 20 in Africa, a position which is unchanged from the prior year.

 

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