Marvellous Osamudiamen IDUMWONYI

THE EFFECT OF POPULATION ON ECONOMIC GROWTH IN NIGERIA

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Abstract
This research study was carried out to determine the impact of population growth on Nigerian Economy. The specific objectives of the study include investigating the relationship and effect of population growth on economic growth in Nigeria. This research study investigated the impact of population growth on the Nigerian economy using annual time series data for the period 1981 to 2024. The data was extracted from CBN statistical publications (2024), National Bureau of Statistics (2024). ADF technique in testing the unit root property of the series was utilized, the ARDL estimation technique was used to analyze the data. The research findings indicate the following: One year lag coefficient of Real Gross Domestic Product has a positive impact on the current value of Real Gross Domestic Product. Population growth has a positive impact on the current value of Real Gross Domestic Product. Poverty Head Count Ratio has a positive relationship with the current value of Real Gross Domestic Product. Unemployment rate has a positive relationship with the current value of Real Gross Domestic Product. Inflation rate has a positive impact on the current value of Real Gross Domestic Product. The prices of goods and services increases the value for goods and services also increase which eventually cause increase in the value of Real Gross Domestic Product
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