Macroeconomic Report & Economic Updates

June 27, 2018

Nigeria Economic Update (Issue 22)

Recently released demographic figures by the NBS shows an upward progression in population and its composition. Specifically, Nigeria’s population reached 193 million in 2016, growing at an annual average of 3.25 percent1. Going by the demographic characteristics, the population pyramid reveals that over 41 percent of the population lies between ages 0-14 – a composition […]

Read →

Recently released demographic figures by the NBS shows an upward progression in population and its composition. Specifically, Nigeria’s population reached 193 million in 2016, growing at an annual average of 3.25 percent1. Going by the demographic characteristics, the population pyramid reveals that over 41 percent of the population lies between ages 0-14 – a composition of children and adolescents. This implies that fertility rate has been high, as such, a corresponding high dependency ratio. The growing share of this population age imposes supply pressure on available infrastructural amenities; from education to health systems. Similarly, the growing youth population (16-30 years) exerts pressure on the labor market, given their working-class ages




Related

 

Public Debt Stock And Debt Servicing

Public Debt Stock and Debt Servicing: Public debt stock has steadily increased overtime; reaching over N12, 000 billion naira by 2015Q4. With the persistent fall in crude oil price and the attendant d