• Thursday, October 17, 2024
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BusinessDay

Why Nigeria’s population explosion must deliver economic gains

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Nigeria's economy is not growing fast enough to meet the basic needs of its over 200 million people, plagued by widening inequalities and rising poverty. From a population of 44.9 million in 1960, Nigeria has ballooned to 223.8 million in 2023—a 398 percent increase. Meanwhile, its nominal GDP has grown from $4 billion to $363 billion