Nigeria-India: Learnings from two large democracies

India is the world's largest democracy by population, while Nigeria is set to become the world's second largest democracy in 2050, as the country's population overtakes that of the USA. By 2050 and 2100, India's population is projected to stand at 1.67 billion and 1.09 billion, while Nigeria's population is projected to hit 400 million and 791 million respectively. Similarly, both countries share a goal to succeed economically. The geo-political, economic and cultural similarities that exist between both countries presents a great opportunity for each of them to benefit from the other’s strengths.

For example, Nigeria’s core strengths include its position as an emerging market strategically located for foreign investments, its diversity and its self-organising nature. Similarly, India is one of the fastest growing economies in the world and has been performing well in areas such as technology, export of services, enabling infrastructure, etc. 

nigeria-india-people

Population Analysis

Nigeria-india population projection

Nigeria and India share experiences that come with large population sizes in developing countries.

While at different stages of demographic transition, both countries have a high percentage (over 50%) of the working age population (15-59 years) (Fig. 2 (a) (b)). Of the total population, youth (15-24 years) account for approximately 18 % of the Indian population and 19% of the Nigerian population.

This young, innovative, and vibrant labour force demands that both economies develop opportunities for the youth. With more and more people entering the labour force, employment generation for economic development becomes critical. 


Nigeria-India projected population

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Andrew S. Nevin

Andrew S. Nevin

Partner, PwC Nigeria

Tel: +234 1 271 1700

Uma Kymal

Uma Kymal

Associate Director, PwC Nigeria

Tel: +234 (0) 1 271 1700

Delia Asuzu

Delia Asuzu

Lead, Clients and Markets Development West and East Markets, PwC Nigeria

Tel: +234 1 271 1700

Omomia Omosomi

Omomia Omosomi

Manager, PwC Nigeria

Tel: +234 2711700

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