rapid economic development = change in Nigeria

Question 1

location nigeria

Answer 1

• west Africa borders niger +chad

- tropical climate

Question 2

regional importance africa

Answer 2

• fastest growing economies w/ highest GDP
• third largest manufacturing sector
• home of Nollywood

Question 3

global importance

Answer 3

• NEE = rapid economic development

- supplies 2.7% of worlds oil – 12th largest producer

Question 4

political context

Answer 4

• independence in 1960s led to power struggles in 60s and 70s (dictators) == corruption affected development
• 2011 and 2015 election s free and fair

Question 5

social context

Answer 5

• multicultural in nature = asset
• but also leads to tensions such as 60s civil war and north south divide = terrorist groups e.g. book haram limiting FDI

Question 6

cultural context

Answer 6

-nollywood + music

Question 7

environmental context

Answer 7

north = desert south = high temp +rainfall

-south GDP is higher north has book haram and lower yields due to less rain

Question 8

how has nigerias political and trading relationship w/outer world changed

Answer 8

• used to be British colony so mainly Britain
• now oil is main export and main import partner is china
• china 2014 invested $12billion in railway

Question 9

effects of economic impacts on QOL

Answer 9

• 2011 HDI had one of worlds largest improvements

- higher disposable income due to more reliable better paid jobs in tertiary sector

Question 10

effects of economic impact on environment

-mining +oil extraction

Answer 10

-tin mining = soil erosion – local water sources polluted
-oil spills = fires => co2 emitted causes acid rain
-

Question 11

what prevenst effective use of aid

Answer 11

• corrupt governments

- donor controls where money goes depot limited knowledge of needs of country

Question 12

what is Nigeria’s source of income?

Answer 12

-1950s discovery of oil saw change from cacao and timer to 98% of countries export earnings being oil (only 50yrs supply left)

Question 13

how balanced is Nigeria’s economy?

Answer 13

• stable government has allowed for economic growth
• increase within oil production + pharmaceutical industry
• growth of retail +finance = tertiary up
• agricultural jobs fallen due to industrialisation of industry

Question 14

manufacturing sector

Answer 14

• 10% GDP
• raw material to product
• processing re-centred from abroad to Nigeria means its growing fast

Question 15

how is manufacturing helping economic developement

Answer 15

• regular paid work = more disposable income for buying cars and clothes
• increased taxation as industries grow +ppl employed
• chemical by-products of oil = soaps plastics
• close links between manufacturing industries e.g. car stimulates growth (Volkswagen in Lagos)

Question 16

whats a TNC

Answer 16

large company that operates in several countries + take advantage of tax incentives cheaper labour laxer environmental laws + access to a wider market
-40 in Nigeria

Question 17

shell in Nigeria

Answer 17

headquarters in Netherlands largest oil companies

Overall = has provided many economic benefits e..g tax revenue and employment but shell has undoubtedly exploited the ppl of nigeria and their resources and will continue to do sp

Question 18

benefit of shell to nigeria

Answer 18

-$20 billion tax 2013
\+export revenue 
-direct employment for 65,000 ppl
-91% shell contracts to Nigerian companies 
-supports growth of energy sector

Question 19

tensions of shell in nigeria

Answer 19

• oil flares send toxic fumes
• oils spills = soil degradation reducing yield
• sweathsop conditions
• no job security as TNC can leave
• grants + subsidies to attract could have been invested in nigeria

Question 20

what is aid

Answer 20

assisting ppl

Question 21

emergency aid

Answer 21

follows natural disaster (short term) water food medical supplies

Question 22

development aid

Answer 22

long term by charities + governments to improve quality of life (WORLD BANK)

Question 23

history of Nigeria aid

Answer 23

debt crisis led to cycle of debt repayment unable tp break

-2005 worlds richest countries agreed to relieve debt

Question 24

impact of aid in nigeria

Answer 24

• 2014 world bank gave $500 million to fund development projects – long term loans to business reducing dependence on oil
• NGO nets for life prevent malaria

Question 25

does nigeria still need aid

Answer 25

uk gives £300 millions/yr to nigeria yet they have a space programme

• however this is a means of economic expansion and 60% of Nigerians still live below poverty line

Question 26

multiplier effect of aid

Answer 26

jobs => money => tax => gov spending => better QOL