TRAVELLERS AT NIGERIAN AIRPORT
As competition for skilled workers continues to rise globally, while populations in rich and middle-income countries age, the World Bank says migration, popularly known as ‘japa’ in Nigeria, can be a powerful force for prosperity and development if managed properly.
This is contained in a new report from the World Bank, which also states that populations across the globe are ageing at an unprecedented pace, making many countries increasingly reliant on migration to realise their long-term growth potential.
The report is titled, ‘The World Development Report 2023: Migrants, Refugees, and Societies’.
“Wealthy countries as well as a growing number of middle-income countries, traditionally among the main sources of migrants, face diminishing populations, intensifying the global competition for workers and talent,” stated the World Bank report.
It added, “Meanwhile, most low-income countries are expected to see rapid population growth, putting them under pressure to create more jobs for young people.”
The World Bank senior Managing Director, Axel Trotsenburg, said when migration is managed properly, it provides benefits for all people in origin and destination societies.
