Opinion
The Economics Of Population
Nigeria’s population
has become an embarrassment that cannot be hidden anymore. A population time bomb is dangling on the country waiting to detonate unless urgent preventive measures are taken. A similar fear was equally expressed by the Director of Monetary Policy of the Central Bank of Nigeria, Dr. Moses Tule, at the 40th Annual Conference of Nigerian Statistical Association in Abuja.
The director stated the obvious when he said that Nigeria’s population had become a liability and would remain so unless it expands its economic base by stimulating the economy and producing the needed goods and services to sustain it and create jobs.
Surprisingly, while population is growing at the rate of 3.5 percent, economic growth rate is a paltry 2.5 percent. Common sense should sound it anyone that our situation is quite unpalatable. On no account should population register a higher growth level than the economy. This development is called “negative growth”.
Several figures have been bandied or speculated as Nigeria’s population. Some have said the population is 150 million while others project 170 million. But a recent United Nations population estimate in March 2016 put Nigeria’s current size at 186 million and the 7th most populous country in the world.
The same United Nations survey stated 18 as the median age. This indicates that the country has a largely youth and dynamic population which has potentiality for great attainments if harnessed and impelled. But going by the UN figure, it is explicit that those who put our population at between 150 and 170 million have grossly underestimated it.
A situation where population grows at a geometric progression while the economy grows arithmetically bespeaks doom. Our predicament is further worsened by our dismal performance in the United Nations Millennium Development Goals, MDG. We are unable to meet the basic requirement to be regarded as a nation with a growing economy.
We have failed in the provision of food security, basic education, shelter, job creation and poverty eradication. Our inability to provide infrastructure and social services in proportion with our huge population is glaring for all to see.
Nothing could describe our perverse condition than the disproportionate number of applicants who apply for job vacancies. For instance, about three months ago, the Nigeria Police declared 10,000 job vacancies and more than a million applications were received. These shortfalls speak volumes of our population and planlessness.
For most countries, huge population symbolizes strength. Unfortunately, many people in this part of the world view large population as economic encumbrance. Both China and India have, however, debunked this position with their huge and creative population.
If large population is an economic evil, China would not have been great economically and technologically. At the last count, China was credited with the highest world reserve. If large population is less advantageous, India would not have been a leading manufacturing country and a destination for medical tourists.
The problem with Nigeria, therefore, is not its growing population. Rather, it is the lack of a productive one and a failure to plan. The current economic crunch has revealed that planlessness not population has brought us to our knees. If we prepared for the rainy day when crude oil sold for $140 per barrel we would not have been in this mess.
So, we have to do something not just about our growing size, but the quality of our population. First, we must take politics out of our census and conduct credible head count. It is sad indeed that Nigeria’s population is not based on presumptive census but on speculations by international organizations and individuals.
Second, we can improve the quality of our population by education. This is where the most populous countries in the world have got it right. They have educated and productive population that has proved to be viable economic asset to them.
Also, the segmentation of our population to determine the categories of citizens is imperative. For instance, we have to get precise figures of children in school, out of school, unemployed youths, the aged etc. beside the unverifiable figures that are being mooted?
Finally, the Nigerian government must invest massively in infrastructure as it has always promised to stimulate the economy and ensure the flow of liquidity. This will create jobs while the better part of the population will be productive. I believe a large population like ours can be an asset if it is economically viable and demographic.
Arnold Alalibo
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Empowering Youth Through Agriculture
Quote:”While job seeking youths should continuously acquire skills and explore opportunities within their immediate environment as well as in the global space through the use of digital platforms, government, corporate/ multinational organizations or the organised private sector should generate skills and provide the enabling environment for skills acquisition, through adequate funding and resettlement packages that will provide sustainable economic life for beneficiaries”.
The Governor of Rivers State, Sir Siminalayi Fubara, recently urged youths in the Rivers State to take advantage of the vast opportunities available to become employers of labour and contribute meaningfully to the growth and development of the State. Governor Fubara noted that global trends increasingly favour entrepreneurship and innovation, and said that youths in Rivers State must not be left behind in harnessing these opportunities. The Governor, represented by the Secretary to the State Government, Dr Benibo Anabraba, made this known while declaring open the 2026 Job Fair organised by the Rivers State Government in partnership with the Nigeria Employers’ Consultative Association (NECA) in Port Harcourt. The Governor acknowledged the responsibility of government to create jobs for its teeming youth population but noted that it is unrealistic to absorb all job seekers into the civil service.
“As a government, we recognise our duty to provide employment opportunities for our teeming youths. However, we also understand that not all youths can be accommodated within the civil service. This underscores the need to encourage entrepreneurship across diverse sectors and to partner with other stakeholders, including the youths themselves, so they can transition from being job seekers to employers of labour,” he said. It is necessary to State that Governor Fubara has not only stated the obvious but was committed to drive youth entrepreneurship towards their self-reliance and the economic development of the State It is not news that developed economies of the world are skilled driven economies. The private sector also remains the highest employer of labour in private sector driven or capitalist economy though it is also the responsibility of government to create job opportunities for the teeming unemployed youth population in Nigeria which has the highest youth unemployed population in the subSahara Africa.
The lack of job opportunities, caused partly by the Federal Government’s apathy to job creation, the lack of adequate supervision of job opportunities economic programmes, lack of employable skills by many youths in the country have conspired to heighten the attendant challenges of unemployment. The challenges which include, “Japa” syndrome (travelling abroad for greener pastures), that characterises the labour market and poses threat to the nation’s critical sector, especially the health and medical sector; astronomical increase in the crime rate and a loss of interest in education. While job seeking youths should continuously acquire skills and explore opportunities within their immediate environment as well as in the global space through the use of digital platforms, government, corporate/ multinational organizations or the organised private sector should generate skills and provide the enabling environment for skills acquisition, through adequate funding and resettlement packages that will provide sustainable economic life for beneficiaries.
While commending the Rivers State Government led by the People First Governor, Sir Siminilayi Fubara for initiating “various training and capacity-building programmes in areas such as ICT and artificial intelligence, oil and gas, maritime, and the blue economy, among others”, it is note-worthy that the labour market is dynamic and shaped by industry-specific demands, technological advancements, management practices and other emerging factors. So another sector the Federal, State and Local Governments should encourage youths to explore and harness the abounding potentials, in my considered view, is Agriculture. Agriculture remains a veritable solution to hunger, inflation, and food Insecurity that ravages the country. No doubt, the Nigeria’s arable landmass is grossly under-utilised and under-exploited.
In recent times, Nigerians have voiced their concerns about the persistent challenges of hunger, inflation, and the general increase in prices of goods and commodities. These issues not only affect the livelihoods of individuals and families but also pose significant threats to food security and economic stability in the country. The United Nations estimated that more than 25 million people in Nigeria could face food insecurity this year—a 47% increase from the 17 million people already at risk of going hungry, mainly due to ongoing insecurity, protracted conflicts, and rising food prices. An estimated two million children under five are likely to be pushed into acute malnutrition. (Reliefweb ,2023). In response, Nigeria declared a state of emergency on food insecurity, recognizing the urgent need to tackle food shortages, stabilize rising prices, and protect farmers facing violence from armed groups. However, without addressing the insecurity challenges, farmers will continue to struggle to feed their families and boost food production.
In addition, parts of northwest and northeast Nigeria have experienced changes in rainfall patterns making less water available for crop production. These climate change events have resulted in droughts and land degradations; presenting challenges for local communities and leading to significant impact on food security. In light of these daunting challenges, it is imperative to address the intricate interplay between insecurity and agricultural productivity. Nigeria can work toward ensuring food security, reducing poverty, and fostering sustainable economic growth in its vital agricultural sector. In this article, I suggest solutions that could enhance agricultural production and ensure that every state scales its agricultural production to a level where it can cater to 60% of the population.
This is feasible and achievable if government at all levels are intentional driving the development of the agricultural sector which was the major economic mainstay of the Country before the crude oil was struck in commercial quantity and consequently became the nation’s monolithic revenue source. Government should revive the moribund Graduate Farmers Scheme and the Rivers State School-to-Land agricultural programmes to operate concurrently with other skills acquisition and development programmes. There should be a consideration for investment in mechanized farming and arable land allocation. State and local governments should play a pivotal role in promoting mechanized farming and providing arable land for farming in communities. Additionally, allocating arable land enables small holder farmers to expand their operations and contribute to food security at the grassroots level.
Nigeria can unlock the potential of its agricultural sector to address the pressing needs of its population and achieve sustainable development. Policymakers and stakeholders must heed Akande’s recommendations and take decisive action to ensure a food-secure future for all Nigerians.
By: Igbiki Benibo
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