1.1 Background of the study. Impact of the Agricultural sector on Nigeria’s economic growth. Impact of Unemployment on Nigeria economic Growth 1981-2017 PDF. This is not a case in Nigeria; Nigeria is a less developed country and a highly populated one at that, more so her growth rate has always been very low, compared with the increase in population. Population Growth and Economic Development in Nigeria Essay Example. The concept of the impact of over population in the socio-economic development of Nigeria is necessitated by the recognition of the urgent need to tackle the negative implication of over population as strong anti-socio-economic development factors in Nigeria and the findings of this research if carefully implemented, world achieve a tremendous relief to the situation at hand. The importance, effect, causes, relationship, comparison, history, role, solutions are discussed It is to be noted that while large populations of the advanced countries have grown up after, and as a consequence of, economic develop­ment, that large populations of the developing countries exist before devel­opment. The United Nations Population Fund believe that economic growth and social equality should go hand in hand, arguing that “gender inequality holds back growth of individuals, development of countries, and the evolution of societies, to the disadvantage of men and women”. Overuse of Resources: Rapid population growth tends to overuse the country’s natural resources. Therefore, rapid population growth retards investment needed for higher future consumption. Agriculture is the cultivation of land, raising and rearing of animals for the purpose of production of food for man, animals and industries. We estimated the effect of a decline in fertility on economic growth in Nigeria using a demographic–economic macrosimulation model and improved on previous modeling approaches by incorporating four previously ignored channels: the effect of fertility on savings; a feedback from education to fertility; the effect of fertility on health; and the effect of a more realistic three‐sector … The impact of unemployment on economic growth includes; 1. fall in national output, 2. increase in rural-urban migration, 3. waste of human resources, 4. high rate of dependency ratio, 5. increase poverty, depression, 5. increase frustration, all sorts of immortal acts and criminal behavior . This stems from the fact that every other facility and resource required for economic development is driven by the availability of human capital. By 2015 (the year benchmarked for the attainment of the MDGs) Nigeria’s population is estimated to … It is against this backdrop that this study will be focusing on the socioeconomic effect of human trafficking in Nigeria, using Akwa Ibom State as a case study. Gender equality is a key factor in contributing to the economic growth of a nation. The moot point is that population growth may be either favourable or unfavourable to economic development, depending on where, when, and how it takes. In testing for the impact of foreign aid on the economic growth of Nigeria, I am using annual time series data which has its period from 1960 – 2009 and which is gotten from World Bank World Development … In 2005, the federal government had expenditures of US$13.54 billion but revenues of only US$12.86 billion, resulting in a budget deficit of 5%. In order words, there is no empirical consensus yet on the effect of population growth on economic development in Nigeria. Time Series data on gross domestic product (GDP), mortality rate, fertility rate, and immigration rate, were obtained from the Central Bank of Nigeria (CBN) and world development indicators. Derek and Andrew (2009) through regression analysis conclude that the impact of population growth varies between being negative, positive … The adverse effect of external debt and economic growth related problems on the Nigeria economy are becoming unbearable. The research is conducted using secondary data. Considering the high rate of population growth in Nigeria, this paper examines the impact/effect of population growth on economic growth and development in Nigeria. The Federal Government of Nigeria declares the nation’s growth as one of the unsustainable factors of the economy of the country. And the reviews given in literature review of different authors explains relationship about the effect of populace on economic development from different point of views. In other words, the objective of this paper is to examine the trend of population growth; and to evaluate the impact of population growth on economic growth in Nigeria. POPULATION GROWTH AND ECONOMIC DEVELOPMENT IN NIGERIA (1981-2011) CHAPTER ONE 1.1 BACKGROUND OF THE STUDY Over the years if has become established that the existence of an efficient human capital is the key to economic growth and development in any nation. Annual secondary data, from 1998-2001. Population growth, Economic growth, International migration. Population growth is a process when the total number of people rises within the measures of a particular population. Economic development depends upon investment. This paper evaluates the impact of population growth on economic growth in Nigeria (1980-2010). You might be asking why. Therefore the body of literature on population growth in Nigeria has always emphasized either the negative or the positive effect. Nigeria has maintained remarkable growth over the last decade, recording an average growth rate of 6.8 per cent from a large economic base and the potential for further growth is reasonably high. A more conventional economic argument is that population growth in many third world countries a region is in-fact desirably to stimulate economic growth and development. In urban areas, economic development brings about higher standards of living, but, in rural areas, a subsistence economy predominates. Using the figure (Figure 1) obtained from www.economicshelp.org Pettinger (2017) discussed the triggers of population growth as economic development, education, quality of children, welfare payments/state pensions, social and cultural factors, availability of family planning, female labour market participation, death rates, immigration levels and historical factors/war. A Critical Appraisal of Non-Cash Transaction Policy of Central Bank of Nigeria; THE IMPACT OF MONEY SUPPLY ON ECONOMIC GROWTH IN NIGERIA (1970-2007) IMPACT OF POPULATION GROWTH ON THE NIGERIA ECONOMY (1980 -2006) Nigeria, Ghana and other West African countries on Thursday held a conference in Abuja to address human development issues on the continent such as the challenge of population growth … human capital is the key to economic growth and development in any nation. By 2015, Nigeria's inflation stood at 9%. With the annual population growth rate of 2.9 percent which is nearly the same as the annual GDP growth rate (3.5 percent), Nigeria’s population will double in the next twenty five years. Factors Affecting Population Growth in Nigeria / Causes of Population Growth in Nigeria. Consequence # 2. Nigeria's goal under the National Economic Empowerment Development Strategy (NEEDS) program is to reduce inflation to the single digits. The rate of population growth in Nigeria is high and thus the need to evaluate its impact on economic growth is necessary. CHAPTER ONE. 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. 2.1 THEORETICAL LITERATURE The nature of the relationship between population growth and economic growth has so attracted the attention of a large number of the world’s most influential thinkers that most of them have started propounding theories to explain the relationship. (a Study Of University Of Nigeria Teaching Hospital, Enugu And Toronto Hospital Onitsha) The Impact Of Capital Market On The Economic Development In Nigeria (1985-2011) The Impact Of Female Labour Force On The Economic Growth Of Nigeria (1980-2010) A Comparaa Comparative Study Of Expenditure Control Methods In Government And Privately Owned Hospitalstive Study Of Expenditure … THE IMPACT OF TAXATION ON ECONOMIC GROWTH IN NIGERIA CHAPTER ONE INTRODUCTION 1.1 Background of the Study The political, economic and social development of any country depends on the amount of revenue generated for the provision of infrastructure in that given country. This research explored the effect of population growth on the economic growth of Nigeria over the period of 1994 to 2019. ADVERTISEMENTS: Population can be a limiting factor to economic … However, one means of generating the amount of revenue for providing the needed infrastructure is through a well … economic development. A major reason for rural-urban migration is the dual nature of the economy in Nigeria. The high population growth of Nigeria is described as a “risk factor” by the Economic Recovery and Growth Plan. In a ‘capital poor’ and technologically backward country, growth of population reduces output by lowering the per capita availability of capital. Data were obtained from the World Development Indicators from 1980-2010. "Effect Of Rapid Population Growth On Nigeria Economic Development" Essays and Research Papers 91 - 100 of 500 Discuss the effectiveness of government strategies used to promote economic growth and development for an economy other than Australia. The general effect of population growth depends on the contribution of population and human capital of the economic development. In UDCs the resources available for investment are limited. For this, some factors related to population growth has been used in this report which has helped in analyzing the effect on economic growth. Population Growth And Economic Development In Nigeria CHAPTER ONE 1.1 BACKGROUND OF THE STUDY Over the years if has become established that the existence of an efficient human capital is the key to economic growth and development in any nation. 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]. Too much population is not good for economic development. So the study will be of importance to educate Nigerian’s by revealing to them that one of the major reason why Nigeria economy is growing very slow could be trace back to inflation and interest rate problem. INTRODUCTION. Get free Research Paper on Impact Of Agricultural Development On Economic Growth Of Nigeriaproject topics and materials in Nigeria. Studies that seek to explain the relationship between population growth and economic growth in Nigeria are at the moment very scanty. 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