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The Impact Of Population Growth On The Nigerian Economy (1980-2010)
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1.2 STATEMENT OF THE PROBLEM
Fundamentally,
growth is an indispensible requisite for the development that is why
Nigeria‟s economic growth had continue to dominate the main thrust of
government paramount objective more importantly, growth is associated
with policies of control population growth because a high population
lead to a vicious depletion of a nation‟s financial and material
resources. According to CBN (1997) the population growth rate of Nigeria
is at an average of 2.83% from 1993 to 1997 as compared to developed
country like United States whose population rate is 1.00% on the
average. This rapid population growth has efficiently induce wide spread
poverty. According to Chege (1992), Nigeria became worst than the early
post-colonial period. In the 1980‟s the agricultural sector declined in
productivity by 1.3% while population grew by 3.1% thus creating severe
food shortage, a fall in capital income, a fall in savings and living
standard . Because of this type of situation economic growth been
severely retarded and dwarfed.
The above presentation points to the
critical stance of the economy and therefore makes a clarion call for
adequate measure to control the growth rate of Nigeria‟s population
which is at 2.8%per annum. To check this, we require constructive
demographic policy approaches that will seriously enlighten citizens of
the eminent socio-economic danger of rapid population growth.
1.3 OBJECTIVE OF THE STUDY
1 To find out the relationship between population growth and
economic growth.
2. To examine the impact of population growth on economic growth.
3. To proffer appropriate solution / recommendation to authority in
Charge of managing the economy on how to remedy the situation population growth.
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