7 businesses to benefit from 20210 new year births in Nigeria

In economic sense, population explosion is not totally bad especially for developing countries.

According to UNICEF, this number of babies born in Nigeria represents the third largest population of newborns in the world on January 1, 2018. India and China occupied first and second positions with 69,070 and 44,760 newborns respectively.

A post by Mr Akin Oyebode explains the grave impacts of this population explosion. He stated that the country is about facing a potential increase in unemployment, poverty rate e.t.c. All these are noted as would-be impacts of overpopulation on the Nigerian economy.

But the good side, productivity of some sectors is sure to increase as a result of upward demand for their products. These businesses thrive on the availability of large consumer market, hence making this news a good on their sides of the divide.

Here are 7 major businesses that would benefit from current population increase.

1. Healthcare

2. Fashion and baby product market

3. Education sector (Montessori operators)

4. Wholesale and retail trade

5. FMCG companies

6. Construction and real estate companies

7. Light energy companies

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Clubless Super Eagles star Kelechi Nwakali surprisingly rejects ₦9.9million salary

Clubless Super Eagles star Kelechi Nwakali surprisingly rejects ₦9.9million salary

Nollywood veteran actor Kenneth Aguba reportedly homeless

Nollywood veteran actor Kenneth Aguba reportedly homeless

Here are 5 things you must do immediately after you have s*x

Here are 5 things you must do immediately after you have s*x

Burning woman grabs husband as he sets her ablaze over divorce

Burning woman grabs husband as he sets her ablaze over divorce

2023: Kwankwaso explains why Labour Party can’t win presidential election

2023: Kwankwaso explains why Labour Party can’t win presidential election

5 s*x positions that guarantees orgasms

5 s*x positions that guarantees orgasms

El-rufai endorsed as Tinubu’s running mate

El-rufai endorsed as Tinubu’s running mate

Israel Adesanya survives Drake curse with victory against Jared Cannonier

Israel Adesanya survives Drake curse with victory against Jared Cannonier

'I have never raised my hand to hit my wife' - Chacha Eke's estranged husband speaks

'I have never raised my hand to hit my wife' - Chacha Eke's estranged husband speaks