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An economist, Paul Alaje, has stated that Nigeria's inability to manage its rapidly growing population could exacerbate poverty and inequality.
Alaje shared this concern on Tuesday during an interview program on Arise Television, which was monitored by DAILY POST.
The Chief Economist at SPM Professionals mentioned that the World Bank's forecast indicating that Nigeria's population could surpass 320 million by 2050 might indeed come to pass, adding that “we need to undertake significant efforts” to prepare for this scenario.
“Population is neither a curse nor a blessing. Its impact depends on how we manage it. We cannot discuss population without considering available resources and productivity. All three aspects must be addressed together,” he explained.
He urged the government to learn from China by connecting population growth with industrialization, advocating that Nigeria should focus on both population control and enhancing productivity.
Alaje expressed concern that while Nigeria is creating jobs across various sectors, the actual economic benefits are largely being exported abroad.
Frequently Asked Questions
What are the potential consequences of Nigeria's population growth?
If not managed properly, Nigeria's population growth could lead to increased poverty and inequality.
What did Paul Alaje suggest for managing population growth?
Alaje suggested that Nigeria should link population growth with industrialization and focus on both population control and productivity enhancement.
