Nigeria urban population has grown from 20% of the total in 1920 to 65% in 2020 and is projected to continue growing to 75% by 2050. While the rural population is expected to decline in 2050, the urban population is expected to increase from the current 155 million in 2020 to 180 million by 2050.[4] This upward trend of urbanization is expected to continue in both more developed regions and less developed regions.
Are people happier living in the rural area or in a Urban area? The urban/rural gap is present regardless of country income level (based on World Bank classifications). Individuals living in cities are more likely to report access to financial resources, the ability to afford food, and having people they can rely on. people living in rural areas are less likely to report that they have a bank account than those in Urban areas. This is most pronounced in low-income states. Lack of access to bank accounts can substantially affect peoples' lives.