Nigeria now is a market of 167 million people

Investment


 Nigeria now is a market of 167 million people. This is what Chairman, National Population Commission, Samu'ila Danko Makama, had last week disclosed that the country's population rose from the 140,431,790 it was five years ago when the last national headcount was taken, to 167,912,561 as at Wednesday. This represents an annual population growth rate of 3.2 percent or 5.6 million people per annum. He said of this figure, 82,098,001 are females, while males account for 85,814,560. He also predicted, given the agency's new projection of the country's population growth rate of 3.2 percent, "the same rate the NPC used in 1991 and 2006," Nigeria's population would hit 221,392,163 by July 1, 2020.