Nigeria’s population to add 130 million by 2050, says World Bank president

Ajay Banga, President of the World Bank Group, has projected that Nigeria’s colonisation volition turn by astir 130 cardinal by the twelvemonth 2050.

Banga made the projection during the 2025 Annual Meetings of the International Monetary Fund (IMF) and the World Bank.

According to information from the United Nations Population Fund (UNFPA), Nigeria’s existent colonisation is estimated astatine 237.5 million. The anticipated increase, Banga said, would firmly presumption Nigeria among the astir populous nations successful the world.

“Nigeria volition swell by astir 130 million, firmly establishing itself arsenic 1 of the astir populous nations successful the world,” helium stated.

Banga besides highlighted demographic trends crossed Africa, noting that Zambia is expected to adhd 700,000 radical annually, portion Mozambique’s colonisation is projected to treble by 2050.

“We are surviving done 1 of the large demographic shifts successful quality history,” helium said.

The World Bank main emphasized that by 2050, implicit 85 percent of the planetary colonisation volition reside successful countries presently classified arsenic developing. He further noted that wrong the adjacent 10 to 15 years, astir 1.2 cardinal young radical volition participate the planetary workforce – competing for lone astir 400 cardinal disposable jobs.

“That leaves a precise ample gap,” Banga warned.

He added that implicit the adjacent decade, 4 young radical volition articulation the planetary workforce each second.

“With their vigor and ideas, they volition signifier the period ahead,” helium said. “So successful the clip it takes to present these remarks, tens of thousands volition transverse that threshold – afloat of ambition, impatient for opportunity.”

Banga described Africa arsenic the epicenter of the world’s fastest colonisation growth, predicting that by 2050, 1 successful each 4 radical connected Earth volition unrecorded connected the continent.

He stressed that with the close investments – focusing connected accidental alternatively than request – Africa’s demographic roar could go a almighty motor for planetary economical growth. However, helium cautioned that nonaccomplishment to enactment could person dire consequences.

“Without deliberate action, optimism could springiness mode to despair – driving instability, unrest, and wide migration with consequences for each portion and economy,” Banga warned.

Concluding his remarks, the World Bank President underscored the value of employment instauration arsenic a cornerstone of sustainable development.

“This is wherefore jobs indispensable beryllium astatine the halfway of immoderate development, economic, oregon nationalist information strategy,” helium said.

The station Nigeria’s colonisation to adhd 130 cardinal by 2050, says World Bank president appeared archetypal connected Vanguard News.