Abstract
Nigeria has been recording a rapid increase in its population over the years. This reality has posed a serious concern for the welfare of households especially as the increase in population growth puts households at the risk of financial vulnerability. Based on this, this study is on the move to examined the impact population growth induced has on household in Nigeria. The study made use of secondary data obtained from World Bank and the Central Bank statistical bulletine spanning from 1981 to 2020 to analyze the impact of population growth induced and its financial vulnerability on household using a structural vector autoregressive model (SVAR). After the analysis, the study found out that in the long run, an increase in financial vulnerability, due to an increase in population growth decreases household welfare in Nigeria. Hence, this study recommends that the Nigerian legislature should formulate a law against rapid population growth induced to ensure that the increase in population does not outscore the means of subsistence.
 
 JEL: H10; H31
 
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Highlights
The data cover financial vulnerability index (FVI) which is obtained from the CBN, population growth (POPG) which is obtained from the World Bank Statistics, while household welfare (HW) was proxied by household consumption expenditure with the aid of data obtained from the World Bank
Results from the estimated matrix A of the structural vector autoregressive model (SVAR) model indicate that a positive shock in household welfare will have a negative contemporaneous effect on financial vulnerability in Nigeria
The study has shown that an increase in population growth leads to a permanent rise in financial vulnerability of households in Nigeria
Summary
Chinecherem Uzonwanne POPULATION GROWTH INDUCED AND HOUSEHOLDS FINANCIAL VULNERABILITY IN NIGERIA. As at the end of 2020, Nigeria’s population was estimated to be around 220 million (National Bureau of Statistics, 2020). With current statistics suggesting that the population growth of Nigeria will not slow down soon, the United Nations (2017) predicted Nigeria to become the world’s third-largest country by population and one of the six nations with a population of over 300 million by 2050. Explaining Inequality and Welfare Status of Households in Rural. Academic Journal of Plant Sciences, 2 (1), 29-38.
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