POPULATION, UNEMPLOYMENT AND ECONOMIC GROWTH IN NIGERIA (1970-2019)

📄 Project Abstract

Full employment is one of the major macro-economic objectives of every government because it brings happiness to the citizens, makes one wanted and needed. Because of the accelerated population growth element in the expanding economy, Nigerias unemployment rate is increasing at an alarming rate, causing a challenge in the economy. An active population and a gainfully engaged labor force have considerable potential to contribute to the growth and development of a nations output for economic development. Nigeria, sometimes known as the "Giant of Africa", is the worlds seventh most populous country and the African continents first. The demographic data shows an estimated figure of 200 million people in Nigeria as at 2019; Fertility, Migration and Mortality are the three major factors determining the Nigerian Population. Increased fertility has resulted in a big proportion of children and young people in Nigerias population, which has a big percentage of unproductive people. Adult and elde...