by Solomon Osadolo
At an event earlier this week, Okonjo-Iweala used sponge cakes to explain Nigeria’s GDP growth.
She likened Nigeria to a household and urged the country to focus on the government’s plan to become one of the world’s top 20 economies by 2020, which she said would be crucial to solving its other problems like high unemployment and poverty.
“Having this cake does not mean that every problem in your household is solved,” she said, holding up a sponge with figurines of a family on it, at a televised conference,” she said.
“But you have one wife and three children and … if you have only this cake you’re going to be suffering. You want this cake to grow,” she added, swapping the sponge for a much bigger one, prompting a wave of laughter.