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Unlocking Nigeria’s future demographic dividend through its youth
Nigeria possesses a significant 'youth bulge', with approximately 70% of its population under 30 and a median age of 18.1 years. While this presents an opportunity for a 'demographic dividend'—accelerated economic growth driven by a large working-age population—the document warns that failure to invest in human capital and economic reform could lead to a 'demographic disaster'. Key obstacles include high youth unemployment (estimated at 53.4% for ages 15–24 in 2020), a mono-economy dependent on crude oil, and an education system that fails to align curricula with market needs. The brief argues that unlocking this potential requires a multi-pronged approach focusing on human capital, economic opportunity, gender equality, and effective governance.
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Document type: Policy brief