alexa An Appraisal of the Nigerian Economy

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An Appraisal of the Nigerian Economy

The economies of the Least Developed Countries (LDCs) are typified by high level of population growth. Population is a very helpful feature as soon as it approaches demographic dividend-engaging the crowded youths of the populace in productivity. In 2011, the population of the world arrived at 7billion and by 2050 it would increase in excess of 9 billion. At the moment, approximately 855 million people are residing in the LDCs. The total population of the 48 least developed countries is rising today almost twice as rapid as that of the developing world: at 2% per annum and 1.2% annually. Over the subsequent forty years the LDCs populace will rise by approximately 100%.

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