Demographic Structure In Nigeria. Development and Economy

Demographic analysis focuses on studying the characteristics of populations, including age, race, and sex, through statistical data. It encompasses socioeconomic factors like employment, education, and marriage rates, which are essential for governments, businesses, and NGOs to understand population dynamics. This information aids in various applications, such as economic market research and policy development. For example, businesses targeting specific demographics, like retirees for luxury RVs, can tailor their strategies to enhance market reach and product accessibility.