Population growth and economic growth in nigeria pdf

Population growth and economic growth performance in. Pdf this research explores the effect of population growth on the economic growth of nigeria over the period of 1981 to 2015. The relationship between population growth and economic. Forecast error variance decomposition revealed that population growth played significant role in the growth of nigerian. United nations projections are also included through the year 2100. Pdf population growth and economic growth in nigeria. Although global income per capita more than doubled, life expectancy increased by 16 years, and primary school enrollment became nearly universal among children during 1960. In portraying the dynamics and drivers of urban population growth and the spatial expansion process, it presents an integrated analysis incorporating. Aigbokhan 2000 conducted a research on the relationship between poverty, inequality and economic growth in nigeria for the period 1986 to 1996 and found a significant positive relationship between growth and poverty, meaning that the impressive growth of the economy from 1986 to 1992 exacerbated the level of poverty in the country. Population growth, economic growth, human capital development, cointegration, ecm. The effects of population growth in nigeria request pdf.

In effect, the paper empirically tests the association between population growth and economic development in nigeria between 1980 and 2003 and found that. The impact of unemployment on economic growth includes. Nigeria population growth rate 19502020 macrotrends. This study investigated the relationship between population dynamics and economic growth in nigeria using time series data spanning from 1970 to 2014. Effects of population growth in nigeria consequences and. Chart and table of nigeria population from 1950 to 2020. Nigerian population growth and its implications for. Stable oil output and the successful political transition were the main drivers of growth. As chapter 4 showed, in europe, japan, and north america economic growth has been accompanied by moderate population growth, which. The nigerian government has been doing its best to help curb a rapid growth in population. Impact of unemployment on economic growth in nigeria.

The process of population growth is exogenous in order to process income generation, accumulation, technical progress and institutional change srinivasan, 1987. Since we are working on the impact of population growth on nigeria, as whose population according the 2006 census was estimated to be at a growth rate of 3%, our limitation of this study would be on the nigeria gdp gross domestic product or gni gross national product versus the population growth rate of nigeria noko, 2016. This research investigates about the relation between demographic dynamics and economic growth, illustrating both orthodox and heterodox theories. The result also finds total population growth, urban population growth and rural population growth as having positive and significant impacts on economic growth in nigeria in the longrun while in. Adewole 6 investigated the effect of population on economic growth in nigeria using annual time series data for the period 1981 2007. The high population growth of nigeria is described as a risk factor by the economic recovery and growth plan. Studies that seek to explain the relationship between population growth and economic growth in nigeria are at the moment very scanty. The birth rate in nigeria is about 37 births per 1,000 people. Dynamics of demographic structure and economic growth in nigeria. The consequences of population growth on the economic development of less developed countries and developed countries are not the same because the condition prevailing in these countries are quite different from those of developed economy. Dividing the sample size recursively allowed capture of the different growth rates of popu.

Nigerian population growth and its implications for economic development. Nobody doubts that, the world is getting populated, and various measures were put in place to address the ever increasing growth of the global population. The current population of nigeria in 2020 is 206,9,589, a 2. We quantify the economic growth opportunity created by nigerias demographic transition and make policy recommendations on how to realize this growth. Get free research paper on impact of population growth on unemployment in nigeria. Examples of studies that have documented a positive effect of population growth on economic development in nigeria are adewole 6, nwosu et al. This study investigated the causal relationship between these. The population of nigeria is growing at a rate of 3. Pdf studies that seek to explain the relationship between population growth and economic growth in nigeria are at the moment very scanty. Eventually, nigeria will need to transform its economy from exporting its resources to exporting of goods. Therefore this study seeks to investigate the impact of population growth on unemployment in nigeria. Inthe countries in the midst of demographic transit ion and with. The report analyses urbanisation and urban expansion in nigeria. Even now, the high population growth has led to a problem for every economic programme in nigeria.

Projections by the united nations placed the figure at more than 9. The expansion is related to population growth and to demand for economic growth and higher standards of living, despite some economies in energy use per unit gnp. Demographers estimated the population to be 91,178,000 in 1985. To study the relationship between unemployment and economic growth in nigeria. Population and economic growth in developing countries minh quang dao professor of economics, eastern illinois university, 600 e. Impact of population growth on economic growth in nigeria 1980. The result revealed that there is a positive relationship between economic growth proxied by gdp growth and population, fertility and export growth. The results further showed that aged population has a negative impact on economic growth while children population as well as labour force. An econometric study based on ue and bric countries is provided. Impact of population growth on economic growth in nigeria. The rate of unemployment in nigeria is unimaginably growing amidst alarming economic recession while population growth is on the increase. The relationship between population growth and economic growth is of great interest both for demographers and for development economists.

This paper examines the economic effects of the demographic transition in developing countries. The result also finds total population growth, urban population growth and rural population growth as having positive and significant impacts on economic growth in nigeria. The population growth rate has been slowing, however, from peak annual rates in excess of 2 percent in the late 1960s, to about 1 percent currently, to half that by 2050. Impact of unemployment on economic growth of nigeria. The objectives that will guide this study are as follows. The conclusion that rapid population growth has slowed development is by no means straightforward or clearcut see box 5.

Data on gdp and exchange rate were obtained from central bank of nigeria. The impact of population growth on the nigerian economy. The impact of population growth on economic growth has always been a subject of disagreement among economists. The consequences of rapid population growth on nigerias. Population growth and economic development in nigeria. Considering the case of mexico, the objective of this study was to analyze the dynamic relationship between population growth and economic growth, through a structural break cointegration analysis for the period 19602014. Indeed, nigeria s population increased by nearly 50 million between 2005, when the policy was launched, and 2015, when the report was authored.

With this high growth rate and applying the double time growth analysis, nigeria s population will be expected to have added 3,072,000 persons the 1st year of the estimate and almost 3,150,643 the second year based on double time population growth rate analysis. Nigeria censustaking and population history nigeria has engaged in many censuses in its forty nine years of existence. An empirical study on the relationship between poverty. The fear is on the ration of global population to food and other infrastructural amenities as. If not checked, this duo tyrant can pose devastating effects on the nations future economy. The relationship between population growth and economic development has been the main concern in the recent decade. Nigeria has maintained remarkable growth over the last decade, recording an average growth rate of 6. This is approved for students in accountancy, business, computer science, economics, engineering, arts.

The rate of population growth in nigeria is high and thus the need to evaluate its impact on economic growth is necessary. The importance, how to, effect causes relationship, comparison, history, role, solutions are discussed. Provision of accessible and affordable healthcare for a healthy population was also advocated if nigeria s population growth must be advantageous. The resources in nigeria are limited, and it seems that this country will continue to be resource oriented for a long time. Nigeria population is currently estimated at 192 million individuals with growth rate of 2. Among many others, censuses were taken and restricted to only lagos island and part of the mainland in 1866, 1871 and 1896. Impact of unemployment on nigeria economic growth 19812017 pdf. Nigeria s persistent poverty levels amid economic growth figure 1 confound a common theory that poverty reduction and economic growth are positively related. In nigeria, aside from the fact that empirical studies on the impact of labour force dynamics on economic growth were scanty, most available studies that were available eniang, 1977. The major contributors to nigeria s population growth are early marriages, high birth rates, and a lack of family planning access. The dynamics of population and economic growth in nigeria. This research explores the effect of population growth on the economic growth of nigeria over the period of 1981 to 2015. In nigeria, aside from the fact that empirical studies on the impact of labour force dynamics on economic growth were scanty, most available studies.

The importance, effect, causes, relationship, comparison, history, role, solutions are discussed. Population growth and economic development in bangladesh. Impact of population growth on nigeria economic growth. In turn, increasing employment has been crucial in delivering higher growth. Capital accumulation and economic growth in nigeria. Another look at the impact of nigerias growing population. Doc population dynamics and economic growth in nigeria. Under certain conditions moderate population growth can be beneficial. The federal government of nigeria declares the nations growth as one of the unsustainable factors of the economy of the country. Economic growth generates job opportunities and hence stronger demand for labour, the main and often the sole asset of the poor.