NIGERIA YOUNGEST AMONG WORLD'S POPULOUS NATIONS

Nigeria has the youngest population amongst the world's top ten populous nations.

According to World Meter Info quoting estimate by the United Nations, the average or median age of Nigeria's estimated 187m people is 18.

It is in fact the only nation among the top ten that account for about 58.2% of the world population, with median age bow 20. And the population is estimated to be 2.5% of the world population.

This means in effect that youth unemployment which today is a major problem, is in fact just beginning because in the coming years, more and more will finish their schooling and join the labour force.

Of the top ten most populous nations, Pakistan, which  at 6th is just ahead of Nigeria's 7th, came closest to Nigeria with median age of 23 years. Its own population is estimated to be  2.6% of the world.

Just below Nigeria at the 8th position in terms of estimated population was Bangladesh which has median age of 26 years for its 63.2m people making up 2.2% of world population.

The world's two most populous nations were India and China. India is the second largest in the world after China. It is home to about 1326.8m people whose median age is 27 years and they make up 17.9% of the world population.

Mexico has the same average or median age with India but with a population of 69.9m, it is 10th most populous nation and hosts 1.7% of the world.

Indonesia is the only other country amongst the top ten by population with median age below 30. Its own was estimated at 28 years for its 260.6m citizens.

The rest four have median age above 30. Brazil, for example, that ranks 5th with an estimated population of 209.6m has median age of 31 years; followed by China, home to the world's 18.7% or about 1385.4m, with median age of 37.

The two super powers of yore, America and Russia have median of 38 and 39 years respectively. Of course, the United States of America is the world's third most populous nation with about 324m people with Russia, at the 9th position has 143.4m or 1.9% of the world within its borders.

Nigeria was the only African country amongst the top ten by population but DR Congo, with 79.7m people has a lower median age of 17 years.


Comments

  1. HENATES28 December 2016 at 10:04

    Sorry, Nigeria's population was earlier erroneously put at 97.2m. It is about 187m and has been corrected as above in the post. 97.2m is for its internet users. A mix up indeed.

    ReplyDelete

Post a Comment

Popular posts from this blog

2018: TWO BLOWS TO UNITED CAPITAL PLC.

When a child who in a previous examination scored 80%, comes home with a new report in which he now scores 67.2%, the parents have a right to sit him down and ask how come. So it must be between Nigeria's United Capital Plc and its discerning shareholders since the release of the company's 2018 audited figures. In 2018, all said and done, says the annual report, United Capital ended with 67.2 % profit margin compared to 80.2% in 2017. How come? What comes across from the figures was that the company received 2 blows to the jugular in 2018: Sharp drops in Investment income and fair value gain. Investment income dropped by 10.8% to N4422.8m from N4965.2m while fair value on financial assets plunged by 79.7% to N6.173m from 2017's N30.387m. In view of both drops, the group's gross earnings grew by only 33.9% to N9259.4m despite strong growths in net trading income, and net operating income leap to N757.5m from N143.5m  Other income streams ended with single digit increase....
Read more

KENYA AUCTIONS Ksh 13.84bn Treasury Bonds.

The Central Bank of Kenya (CBK) will from Tuesday December 18 to 27th 2018_ auction Ksh 13.84bn worth of fixed income Treasury Bonds with issue date December 17, 2018. According to official statement from the Director of Financial Markets Irene Njiru on Monday December 17, auction will continue throughout the stated period or close once the target money to be raised is reached, whichever comes first. Bid value will be paid for at most by 2pm December 31, 2018 while auction results will be made public on December 28, 2018 after the scheduled closing date. The bonds are being issued at 12.502% fixed interest at an adjusted average price of Ksh 100.468 for Ksh 100 bond. However, price payable after auction results publication will be average of successful bid prices based and allotment will be on first come first served basis. Meanwhile, the monetary operations and debt management department has released the interest payment schedule for 13 Treasury Bonds due January and February 2019. Th...
Read more

NAIROBI SE's HIGH PRICED EQUITIES.

In the wake of Nigeria's high priced quoted companies posted in this blog a while ago, Henates took a look to at Nairobi Securities Exchange June 23 official list to identify its high priced equities and the outcome was interesting too. Of the 66 companies quoted on the market by June 23, 15 or 22.7% were valued averagely at above 30 times nominal value. A word of caution though: There are two clear differences between the Nigerian stock market list and that of Nairobi: In the Nigerian one most listed companies have par or nominal value of N0.50 as is there is an implied agreement on this. On the other hand, at Nairobi most of the equities do not share common par value, they differ greatly. Then another thing, Nigerian equities are not valued below par, Nairobi ones can and many are so valued. Of the top 15 high priced equities at the Nairobi market, Safaricom topped with because by June 23, at 23.25 Ksh average price, it was valued 465 times its nominal value of just 0.0...
Read more