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Published On: Thu, Jan 16th, 2014

Nigerian middle class: A myth?

For some time now, almost everybody has been obsessed with Nigeria’s middle class. There is no denying that the per capita income increased close to 75 per cent to US$1,541 in 2011 from US$390 in 2000, reflecting the dividends of rapid economic growth over the past decade. In this period, economic growth not only elevated…

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