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Tuesday, November 17, 2020 | History

2 edition of Population growth, savings rates, and economic development in Nigeria found in the catalog.

Population growth, savings rates, and economic development in Nigeria

M. O. Nyong

Population growth, savings rates, and economic development in Nigeria

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  • 5 Currently reading

Published by Union for African Population Studies in Dakar-Ponty, Senegal .
Written in English

    Places:
  • Nigeria,
  • Nigeria.
    • Subjects:
    • Saving and investment -- Nigeria.,
    • Nigeria -- Population.,
    • Nigeria -- Economic conditions -- 1970-

    • Edition Notes

      StatementMichael O. Nyong.
      SeriesRapport d"étude ;, no 44 =, Study report ;, no. 44, Rapport d"étude (Union for African Population Studies) ;, no 44.
      Classifications
      LC ClassificationsHB3666.7.A3 N96 2000
      The Physical Object
      Paginationix, 66 p. :
      Number of Pages66
      ID Numbers
      Open LibraryOL3614642M
      ISBN 102910115119
      LC Control Number2002375865


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Population growth, savings rates, and economic development in Nigeria by M. O. Nyong Download PDF EPUB FB2

Economic development 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., [7], and Tartiyus et al., [4]. Adewole [6] investigated the effect of population on economic growth in Nigeria using annual time series data for the period - This research explores the effect of population growth on the economic growth of Nigeria over the period of to Data on GDP and exchange rate were obtained from Central Bank of Nigeria.

Journal of Sustainable Development; Vol. 11, No. 4; ISSN E-ISSN Published by Canadian Center of Science and Education Economic Growth and Population Ageing in Nigeria: Innovation Accounting Techniques Ademola Obafemi Young1 1 Department of Economics, Mountain Top University, Ogun State, NigeriaAuthor: Ademola Obafemi Young.

is a platform for academics to share research papers. Onwuka () evaluated the impact of growing population on economic growth in Nigeria between and using OLS regression model.

savings rates The study relied on annual time series data for its analysis, among the variables of interest incorporated in the model are GDP growth rate, population, growth rate of population,Author: Hakeem O.

Aidi, Chisom Emecheta, Ikenna M. Ngwudiobu. Therefore, centuries ago, population booms were positive indications of the potential for long term economic growth. Nigeria’s Population Growth Rate. At a population growth rate of 3 percent per annum, Nigeria is one of the fastest growing countries in the world.

Country GDP growth rate Africa Rank World Rank Ethiopia % 7 th67 Ghana % 11 th86 Cote d’Ivoire % 13th 91st Tanzania % and economic development in Nigeria book 80th Senegal % 21st th Djibouti % 47 th Nigeria: Economic Outlook 6 Source: World Bank, PwC analysis.

For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Nigeria economic growth for was $B, a % increase from Nigeria economic growth for was $B, a % increase from Effects of population growth on educational enrollment and quality, on rates of exploitation of common property resources, on the development of social and economic infrastructure, on urbanization, and on research activities are all heavily dependent on existing government policies and their adaptiveness to changed conditions.

The conclusion that rapid population growth has slowed development is by no means straightfor-ward or clearcut (see Box ). Under certain condi-tions moderate population growth can be benefi-cial.

As Chapter 4 showed, in Europe, Japan, and North America economic growth has been accom-panied by moderate population growth, which. The relationship between population growth and growth of economic output has been studied extensively (Heady & Hodge, ).Many analysts believe that economic growth in high-income countries is likely to be relatively slow in coming years in part because population growth in these countries is predicted to slow considerably (Baker, Delong, & Krugman, ).

Provision of accessible and affordable healthcare for a healthy population was also advocated if Nigeria’s population growth must be advantageous. Keywords. Population Growth, Economic Growth, Human Capital Development, Cointegration, ECM.

JEL. C32, H5, N3. Empirical works on saving and economic growth has confirmed the longrun relationship between savings and economic growth in the country. Anorou & Ahmad () investigated the relationship between savings and economic growth in seven African countries, congo cote divoire, Ghana, Kenya, Nigeria, south Africa and Zambia and discovered an existing.

Chart and table of Nigeria population from to United Nations projections are also included through the year The current population of Nigeria in is , a % increase from The population of Nigeria in was , a % increase from THE IMPACT OF POPULATION GROWTH ON THE NIGERIAN ECONOMY ( CHAPTER ONE INTRODUCTION THE BACKGROUND OF THE STUDY The consequences of population growth on the economic development of less developed countries are not the same because the condition prevailing in these countries are quite different from those of developed economy.

Thus, both demographers and development economists emphasize on the population growth–economic development nexus. This study explores the effects of population growth on economic development in. The Federal Government has projected that Nigeria’s population would hit million by with 65 per cent of the population under the age of population growth rate.

Gross Fixed capital formation, human capital formation, savings and population growth rate on economic growth in Nigeria. The Autoregressive Distributed Lag model indicates no short and long-run impact of these variables on economic growth.

Also using Pesaran Bound Test and Wald Coefficient Diagnostic Test, we found. But it is possible that the effect of population growth on economic development has been exaggerated, or that no single generalization is justified for countries differing as widely in growth rates, densities, and income levels as do today's less developed areas.

Factors Affecting Population Growth in Nigeria / Causes of Population Growth in Nigeria. Population growth is a process when the total number of people rises within the measures of a particular population.

Due to the growth, there is need for the community to seek for more living space to accommodate its populace, and also seek means for daily. Nigeria population is currently estimated at million individuals with growth rate of % against the backward growth rate of the country economy (NBS, ).

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. The consequences of population growth on the economic development of less developed countries are not the same because the condition prevailing in these countries are quite different from those of developed economy.

population growth, unemployment, savings,interest, and inflation etc. the population growth rate of Nigeria is at an. It indicates the yearly increase in the country’s GDP or GNP, in percentage terms.

It alludes to a considerable rise in the per-capita national product, over a period, i.e. the growth rate of increase in total output should be greater than the population growth rate. Economic growth is necessary but not enough to achieve economic development. The share of the population aged 60 and over is projected to increase in nearly every country in the world during Population ageing will tend to lower both labor-force participation and savings rates, thereby raising concerns about a future slowing of economic growth.

What is the population of Nigeria. Mrs. Zaina Ahmed, the Minister of State for Budget and national planning, gave her position concerning the population growth of Nigeria. At a Public consultation with the media in Julyshe said that Nigeria has a fertility rate of Which means that on average, every woman has children.

The consequences of population growth on the economic development of less developed countries are not the same because the condition prevailing in these countries are quite different from those of developed economy. Therefore the body of literature on population growth in Nigeria has always emphasized either the negative or the positive effect.

Since we are working on the impact of population growth on Nigeria, as whose population according the 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.

low savings rates so that we have a genuine chicken-and-egg problem. The same is true of demographics — underdevelopment might be a cause of high population growth rates, just as high population growth rates themselves retard the development process.

My goal in these notes is to talk about some of these chicken-and-egg situations, in which. By this had increased to billion, and current estimates place world population at 6 billion - the latest findings show a very rapid decrease in population growth rates to the point where it is now expected that population will stabilize at about billion bymuch lower than original estimates of 12 billion by the year First, should the rate of increase in population growth be higher than the economic growth rate as is the case with Nigeria sincethen the per capita income will decline.

Unsurprisingly, data from the World Bank reveals that the per capita income fell from a high of $2, to $2, and $2, in and respectively.

Oil price volatility continues to influence Nigeria’s growth performance. Between andNigeria’s gross domestic product (GDP) grew at an average rate of 7% per year. Following the oil price collapse incombined with negative production shocks, the gross domestic product (GDP) growth rate dropped to % in GDP growth (annual %) - Nigeria from The World Bank: Data.

--Population growth, land tenure and food production / M.S Igben (15 p.). --Population change and labour force supply / O.O Arowolo (18 p.). --Population growth and environmental pollution / G.O Olaore (16 p.).

--Population growth and housing / A.O Agunbiade (19 p.). --Population and health planning. Nigeria's goal under the National Economic Empowerment Development Strategy (NEEDS) program is to reduce inflation to the single digits.

ByNigeria's inflation stood at 9%. Inthe federal government had expenditures of US$ billion but revenues of only US$ billion, resulting in a budget deficit of 5%. Environment Rapid Population Growth Leads to Environmental Damage World Economy. Consequence # 1. Investment: Faster population growth makes the choice more scarce between higher consumption now and the investment needed to bring higher consumption in the future.

Economic development depends upon investment. The high population growth of Nigeria is described as a “risk factor” by the Economic Recovery and Growth Plan. You might be asking why. The Federal Government of Nigeria declares the nation’s growth as one of the unsustainable factors of the economy of the country.

population growth above 2% a year inhibits efforts to raise income in poor countries with high birth rates and young age structure. In countries that are already poor, then, rapid population growth only makes matters worth leading to economic insecurity.

Economic insecurity, intern, encourages people to have large families. Since the financial crisis, however, year-on-year productivity growth has slowed.

An aging population combined with a declining birth rate signals a drop in economic growth. GDP Annual Growth Rate in Ethiopia averaged percent from untilreaching an all time high of percent in and a record low of percent in This page provides - Ethiopia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic.

IQ and Global Inequality is a book by psychologist Richard Lynn and political scientist Tatu Vanhanen. IQ and Global Inequality is follow-up to their book IQ and the Wealth of Nations, an expansion of the argument that international differences in current economic development are due in part to differences in average national intelligence as indicated by national IQ estimates, and a.

Real GDP growth recovered to % inlargely driven by mining (gold and iron ore), forestry, and agriculture as economic activity resumed. But foreign exchange inflows shrank intriggering a depreciation of the Liberia dollar by about 26% and a sharp rise in inflation to % in Inflation remained high at % in Ms Donnelly adds that Nigeria is confronted by the “hugely important” question of its population growth outstripping economic growth.

World Bank data indicate Nigerian annual growth.In the first stage, the birth rate and the death rate are high and the growth rate of population is low. In the second stage, the birth rate remains stable but the death rate falls rapidly.

As a result, the growth rate of population increases very swiftly. In the last stage, the birth rate starts falling and tends to equal the death rate.