The United Nations has projected that the world’s population is expected to reach eight billion on November 15, 2022. The PUNCH reports that World Population Day is observed on July 11 every year to raise awareness of global population issues. He said the population would increase in opportunities for trade of commodities and services thereby increasing wealth for the business community. So an increase in population will lead to a further increase in consumption, with attendant strain on the economy. “So this population increase comes with its own unique challenges.

Source: Punch July 12, 2022 16:28 UTC