Tuesday, June 6, 2023

Nigeria’s population to hit 401million by 2050 – Expert

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Senior Economist at the Nigerian Economic Summit Group, NESG, Wilson Erumebor has disclosed that Nigeria’s population is projected to be around 401million by the year 2050.

Mr Erumebor made the disclosure during the 2020 Social Media Week panel discussion organized by the NESG in continuation of its Nigeria 2050: Shifting Gears.

 According to the expert, such unplanned for growth will have effects on infrastructure, social amenities, Education, Health and Food security of the country.

The Nigerian Economic Summit Group (NESG) hosted a panel session at the 2020 Social media week in continuation of its Nigeria 2050: Shifting Gears discussion with the panel session

DAILY NIGERIAN reports that the discussion focused on the policy framework that can help transform Nigeria into a modern and globally competitive economy by the year 2050.

The discussions also focused on Human Capital Productivity, sustainable Peace and security, Managing Demography and Rapid industrialization.

Earlier in his welcome address, the moderator for the panel session, Yinka Iyinolakan who is also the Head of Corporate Communications at the NESG, highlighted on the indices that could make Nigeria become an economically viable and globally competitive country.

To this end, he said, there is a need for Nigerians of all ages to partner and get involved in the discussions surrounding the development of the country.

On her part, the founder of Flying Doctors Nigeria, Dr. Ola Brown stressed that for Nigeria to develop, there was a need to increase investments and exports.

“Nigeria hardly has the money to finance its budget and there was a need to do more with less” she stated.

Also speaking, the Special Assistant to the Lagos State governor on SDG’s and investments, Solape Hammond stated that Nigerians needed to do more on painting positive images for the country, stressing that collaboration with the private sector, too, could go a long way in fostering development.

According to her, the Lagos State Security Trust Fund worked in collaboration with the private sector and that has helped to provide a more secure Lagos.

“As Nigerians, we need to do more to paint Nigeria in a positive light to further attract investors and aid the country’s development,” she added.

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