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Prospects for Economic Growth in Nigeria: A Demographic Perspective

Author

Listed:
  • David E. Bloom

    (Harvard T. H. Chan School of Public Health)

  • Jocelyn Finlay

    (Harvard T.H. Chan School of Public Health)

  • Salal Humair

    (Amazon.com, Inc.)

  • Andrew Mason

    (University of Hawaii, Department of Economics)

  • Olanrewaju Olaniyan

    (University of Ibadan)

  • Adedoyin Soyibo

    (Centre For Control and Prevention of Zoonoses)

Abstract

We quantify the potential for economic growth created by Nigeria’s demographic transition. Using a cross-country economic growth model, we first estimate the size of the demographic dividend Nigeria could enjoy under appropriate enabling conditions. Then, using an original analysis of the economic lifecycle of Nigeria’s population, we explore the conditions needed to realize the dividend, focusing particularly on labor productivity and investments in health and education. We conclude with a policy discussion on the challenges Nigeria must overcome to realize its full potential for economic growth. JEL Codes:

Suggested Citation

  • David E. Bloom & Jocelyn Finlay & Salal Humair & Andrew Mason & Olanrewaju Olaniyan & Adedoyin Soyibo, 2016. "Prospects for Economic Growth in Nigeria: A Demographic Perspective," PGDA Working Papers 12715, Program on the Global Demography of Aging.
    • Handle: RePEc:gdm:wpaper:12715
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    References listed on IDEAS

    as
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