Soludo: Nigeria’s population to hit 400m in 2050, calls for adequate plans for future economic crisis


By Jerome-Mario Utomi

Nigeria will soon exit economic recession He said that what we should be thinking about as a people should be how to succeed beyond recession which no one can teach us . Soludo in his speech revealed that by the year 2050, Nigeria’s population will hit 400 million which comprises of 300million  youths and 100 million young adults. And this calls for concern coupled with the about 300 million Nigerians enters the labour force annually without adequate job on ground to carter for these teaming number, Professor Chukwuma Soludo has said.

Speaking at the Uche Ahubelem Centre for Human Development(UACHD) on Wednesday 23rd held her annual empowerment seminar with the title Resetssion ;succeeding in Recession, at the Shell Hall, MUSON Center, Onikan , Lagos .

In the same vain, he informed the gathering that the purpose of this information is not to scare us but assist us in our planning as individual and as a nation adding that the country shall be blessed we more recesson in the future and all that is required is adequate planning. Also, in his ‘’Soludo solution’’, he opined that it what we need be is proactive in handling such harsh economic eventualities. Solude who was at a time the Governor of Central Bank of Nigeria pointed that the time for us as a nation to start making use of our population demographic advantage is now as large population is no longer considered a liability but an assert.

While Proffering solution to the above, Professor Soludo advised Nigerians to be ready for another round of recession as it is part of human existence. He went ahead to reel out steps which he christened ‘the seven key principles’ In his words, no one will teach you how to survive. So bearing this in mind, we need to back our dreams with action as dreams without action is mere hallucination. Other actions expected of us according to the former Governor , Central Bank of Nigeria (CBN) are persistence in our endeavors, building of networks as we cannot go far walking alone. He finally advised the participants to emulate Uche Ahubelem and his group in getting involved in community service as that is what we shall be remembered of after we must have gone.

Also at the event, the founder of Centre of Value in Leadership, Professor Patrick Utomi while making his presentation informed the gathering that this recession is self inflicted occasioned by our inability to do the right thing. He lamented that Nigeria is an entrepreneurial environment with very few entrepreneurs. This abnormalities he suggested could be corrected on if we become more disciplined as a people as discipline affects culture. He further stressed the need for building an impeccable character as when character is lost, everything is lost .

Similarly, Lanre Olusola, Mind, Emotion and Behavioral Coach while pointing out the thirteen mistakes that people make during recession advised the participants to view recession as a period that money moves from one point to the other, and he called on us to be well positioned in order to harness the gain of such situation

Other resource persons that graced the occasion includes Mrs Abimbola Adebankin, The Chief Executive Officer , Advantage Health Africa, Debo Adejana, Chief Executive Officer , Realty Point Limited and Ini Abimbola, Chief Executive Officer, Thistle Prisis Consulting Limited .

While expressing her joy and appreciation for the wonderful opportunity provided her with this seminar, a participant , Victoria Chukwura thanked the organizers of the programme while promising to put the knowledge gained into use.

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Godwin Okafor is a financial journalist, Internet Social Entrepreneur and the Founder Naija247news Media Ltd He has over 16 experiences in journalism, which cuts across traditional and digital media. He started his journalism career in Business Day, Where he was a senior editorial graphic artist, before he left to start Naija247news, An Online Financial Newspaper in 2010. He has won series of awards and he is the chairman of Emmerich Resources Limited, the publisher of and also sits on the board of Students In Business Awards, (SIBA).


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