POPULATION GROWTH AND ECONOMIC DEVELOPMENT IN NIGERIA (1981-2011).
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POPULATION GROWTH AND ECONOMIC DEVELOPMENT IN NIGERIA (1981-2011).
Chapter 1: Background of the Study
Over time, it has become clear that the presence of efficient human capital is critical to every country’s economic growth and development.
This appears to be due to the fact that the availability of human capital drives the provision of all other facilities and resources essential for economic development.
Furthermore, in the absence of efficient human capital development, an increase in population might have a detrimental impact on a country’s economic growth. This is because a lot more resources are required to manage and accommodate for the teeming populace that the event can create.
As a result, it is accurate to argue that a country’s economic growth is heavily influenced by its population increase. This influence or impact can be negative or positive depending on the presence of specific circumstances and conditions, which, when examined and understood, can be managed or regulated to ensure continuous and sustainable economic growth and development. Meier (1984).
Economic development and growth are determined by a variety of elements or circumstances. These variables include varying resources, capital, population, and technology. Growth is also an important factor in development. Lipase (1963).
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