BY 2066, 53.3% OF NIGERIANS WILL DEPEND ON 41.4% FOR SURVIVAL.

If the findings of the 2015/2016 household survey by the National Bureau of Statistics (NBS) is anything to go by, all things being equal, 53.3% of Nigerians will depend on 41.4% for survival as senior citizens 50 years hence.

According to the survey, the responding households had about 53.3% on a national average aged between 15 and 64 years.

These are the people who normally make up a nations work force that contribute to pension schemes, save and purchase goods and services from their earnings then support the old and the young.

Presently, from the report, the average household has about 41.4% aged 14 and below. In other words, these will be the working force in roughly 50 years when those between 15 and 64 currently must have retired.

So, more and more money will flow into contributory schemes in the years ahead but if not well invested, they will become inverted pyramids of sorts as more and more retire to climax 50 years hence.

According to the survey, those aged above 65 years now make up only about 5.4% of household population. No doubt a burden that should be very light now even with the recession and gradual break down of the family support cultural programme.

However, the problem is not exactly the same across the six geopolitical zones of Nigeria. In the South East, says the survey, 10.5% were above 65 years.

Two other zones also recorded averages above the national average. For South West it was 5.7% in this senior citizens group and 5.5% in South South.

North East and North West had the lowest percentages in this category with only 2.8% in North East and 3.2% in North West.

However, even though both also have the highest percentage composition aged14 and below, North West may be less affected by 50 years hence inverted pyramid. This is because its average household had only 46.2% in the working group while 50.8% were aged 14 and below.

The zones having above national average household composition were South South with 59.6%; South East with 58.3%; South West, 56.3% and North Central with 55.3%.

Incidentally, these were the zones household population did not increase significantly on 2012/2013 household survey levels.

One more thing, right now there were more women (27.7% of household population) than men (25.6%)  in the working group but as the years go by, men are going to be in all the zones particularly in North East and North West.

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