Population Growth in Nigeria Time Series Analysis

Document Type:Research Paper

Subject Area:English

Document 1

Notably, the results have established that an increase in population size was also associated with an increase in unemployment rates. In this regard, there is a need for the Nigerian authorities to benchmark their policy formulation based on these outcomes for proper planning and utilization of available resources. Time Series Analysis for Population Growth in Nigeria Introduction Population growth is among the major issues faced by humanity and has posed numerous challenges. Over the years, the population growth of the world has been increasing at a rapid pace. There are numerous challenges that Nigeria faces as a result of population growth such as poverty, unemployment, and insecurity. With a very high birth rate, it is projected that Nigerian population will account for about one third of the global population in the year 2100 if the fertility rate remains the same. The high population in Nigeria has also complicated the processes of healthcare service delivery and education sector. Understanding the relationship between population growth and rate of unemployment is necessary for planning and policy development for the future. This is essential in underscoring the potential dangers that may arise if the population growth is not checked. In Nigeria, unemployment is underscored as one of the main problems facing the nation. Purpose of Study Understanding the trend and the relationship of these two variables is essential for proper planning and policy formulation. The main research objective is assessing the relationship using a time series analysis of the relationship between unemployment rates and population. The research question is how unemployment rates are related to population growth over the period of study.

Sign up to view the full document!

Hypotheses 1. Rates of unemployment increase with increase in population 2. Poverty increases with increase in population 3. Insecurity increases with increasing population Significance of Study Although Nigeria is endowed with diverse resources, the stress as a result of increasing human population and poor policy measures have caused high rates of unemployment and poverty across the nation. The poor policies result into poor utilization of the available resources in order to yield maximum benefits that satisfy the needs of the growing population. In order to address the menace of unemployment, there is need to address the educational needs of the population. Therefore, this study is important because it offers a benchmark for assessing and understanding the extent of unemployment and its relationship to the population. This is required in order to accommodate the deficit and diversity is skill levels as well as the runaway unemployment rates.

Sign up to view the full document!

The number of the working population is increasing while opportunities are limited. With the growing population, it is expected that demand form employment opportunities will increase. Unemployment is also known to be related to crime. Karipova et al. In this regard, the study will filter out the noise and make the outcome more salient. The trend analysis will assist in establishing whether the unemployment and population are growing with time. The data used in this study was sourced from the Nigerian National Bureau of Statistics (NBS) and was collected through national census and surveys. The main data used was population size for each year and the corresponding rates of unemployment. There were no problem in the data sets and a period of ten years was selected (2000-2010) The main statistical tools used for analysis and developing the time series analyses for the two sets of data was Ms Excel.

Sign up to view the full document!

The range of the population was at 36. million, with a maximum of 158. million (2010) and 122. million (2000). On the other hand, the unemployment rate had a range of 9. for the population size and 1. for the unemployment rates. All these outcomes affirm that the population size and unemployment rates increased with time, or the higher values were on the upper limit of the data set. Therefore, the result is an appropriate benchmark for policy formulation and strategic planning in ensuring that government is ready and prepared for the future population surge and concurrent unemployment rates, insecurity, and poverty. The results are a basis for policy makers to benchmark and utilize scholarship in formulating legislations that are applicable and relevant to the Nigerian population. Bloom, D. E. McKenna, M. J. Population, Labor Force, and Unemployment: Implications for the Creation of (Decent) Jobs, 1990-2030.

Sign up to view the full document!

About the Influence of Population Growth, Unemployment on the Crime Situation in the Cities of Astana and Almaty.  International Journal of Environmental and Science Education, 11(11), 4790-4800. Loku, A. Deda, G. Unemployment in relation of growth population.

Sign up to view the full document!

From $10 to earn access

Only on Studyloop

Original template

Downloadable