Is Statistics a good course to Study in Nigeria? - Nigeria Boom

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Is Statistics a good course to Study in Nigeria?

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Is statistics a good course to study in Nigeria? How lucrative is statistics in Nigeria?
where can a statistician work in Nigeria

What is Statistics?

Statistics is the discipline that deals with the manipulation of numbers.
A statistician, in my own terms, can be said to be a numerical genius. They can organize, summarize and interpret data into useful information.
They work with numbers and formulas to achieve their task.
Statisticians, through the aid of their knowledge in statistics can solve real-life problems in the various industries they find themselves in Nigeria.

What is a Good Course to Study in Nigeria?

Most times, people erroneously characterized certain courses as being bad or good without any real explanation backing their point.
Every course is good. However, certain influencing factors will determine their worth. Such influences arise from the economic and political sphere of a certain country.
This implies that while a course may hold much value in one country, it may lose value in another.
For a course to be considered good in Nigeria, it must satisfy the following factors;
1.     Relevancy to the economy
2.     High Employment Opportunities (Professionals in the field must be highly demanded).
3.     Autonomy (independent)
4.     Salary

Allow me to provide you with a little explanation of each of these factors.

1.     Relevancy to the economy:

A good course would be very relevant to the economy. A good course will equip you with the ability that will be highly relevant to the economy. 

2.     High Employment Opportunities (Professionals in the field must be highly demanded).

A good course in Nigeria is meant to provide enough existing or potential employment opportunities to graduates of that field. This means graduates of that profession must be high demanded.
It is pertinent to note that only a relevant field to the economy will be highly demanded in a particular country like Nigeria.
These employment opportunities arise from the economy.

3.     Autonomy:

This is the ability of graduates of certain courses to find it easy to practice their course even without being employed or dependent on a particular employer.
This is therefore the ability to be self-employed even when practicing your profession.

4.     Salary:

This is the last but not the least. Many people usually equate a good course with a course that offers high pay. Well, they are not wrong.

How Lucrative is Statistics in Nigeria?

Statistics may be characterized as a good course if it fulfills the following factors
1.     It must equip graduates with skills that are relevant to the economy of Nigeria
2.     Graduates in statistics must be highly employable in Nigeria
3.     Graduates in statistics should find it easy to practice their profession independently in Nigeria
4.     Graduates in statistics must be well paid by their various employers in Nigeria.
Let’s measure how lucrative statistics is, in Nigeria using the following questions.

1.     Are Statisticians in high demands in Nigeria:

Statisticians are employed by the following employers in Nigeria;
·        Banks
·        Insurance firms
·        Accountancy firms
·        Government agencies
·        Marketing research firms
·        Management consulting firms
·        Tertiary institutions
·        Secondary schools
Statisticians are highly demanded in various financial institutions in Nigeria. Statisticians also work in the accountancy departments of various firms ranging from small to large organizations.
Statisticians are therefore in high demand in Nigeria
In terms of demands, statistics is a good course to study in Nigeria

2.     How Relevant is the Practice of Statistics to the Nigerian Economy:

There is a daily emanation of financial records from different establishments. Statisticians have just the skill to organize, summarize, and interpret these records.
Statisticians are therefore very relevant to the Nigerian economy.
In terms of relevancy to the Nigeria economy, statistics is a good course to study in Nigeria

3.     How Easy does Statisticians Find it to Practice their Profession Without Depending on Employers in Nigeria:

Statisticians can find it very easy to practice their profession without depending on employers. This means they can be self-employed as business owners
In terms of autonomy, statistics is a good course to study in Nigeria

4.     Are Statisticians Well Paid in Nigeria?

Statisticians when compared to other career professionals in Nigeria would earn averagely well.
In terms of the emoluments, statistics is averagely a good course to study in Nigeria

Conclusion

Let me know your thoughts in the comment section below




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