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Is It Time to End the Nigeria Aid Charade?

Following its recent 90 percent GDP adjustment, Nigeria is now a solidly middle-income country. With an income per capita of $2,700, it now stands alongside countries like the Philippines and Morocco. Not exactly a rich country per se, but with a GDP of roughly $500 billion, it’s far from an impoverished one in terms of national resources. With donors providing $2 billion a year in aid to Nigeria, this raises the natural question: If Nigeria is significantly wealthier than previously thought, then should we still be providing large-scale assistance there?

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