The debate is healthy for the country to plan for provision and distribution of basic amenities to the people; and also to ensure that available resources are adequate to cater for the existing number of people. Former President Olusegun Obasanjo joined the debate, basically expressing concern over Nigeria’s rising population, amidst projection that the nation might be the third most populated in the world by 2050.
A large population increases demand for goods and services in the economy, which in turn ought to stimulate investment and production, leading to creation of more jobs and better incomes. Sadly, Nigeria is not one of the countries that have been able to positively blend exploding population to improvement in economy. Largely, her experience has been that of large number of persons and huge money chasing few goods.
A positive scenario for an expanding population can be gleaned from the fact that more taxes can be collected, provided the people are productively engaged. The revenue can be used to improve social benefits for those in the dependent age group, thus creating a happier society. Furthermore, with a large population, there is greater demand and supply in the economy, leading to large economies of scale.
Therefore, a large population is not a problem. How it is managed or mismanaged as economic resource is. It is imperative that Nigeria manages her population and other resources well, and reap the demographic dividend of having a large citizens’ base.
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