Nigeria

Question 1

How much of the worlds oil do Nigeria supply?

Answer 1

2.2%

Question 2

What film industry is Nigeria home to?

Answer 2

Nollywood (2nd Largest Worldwide)

Question 3

When were Nigeria colonised and by who?

Answer 3

1884 - British targeted them with military due to rich resources

Question 4

Why is Nigeria important?

Answer 4

ECOWAS - Economic Community of West African States
OPEC - organisation of petroleum exporting countries - limit oil supply to keep prices high

Question 5

What are 3 different ethnic groups within Nigeria?

Answer 5

Yoruba, Igbo, Hausa and Fulani

Question 6

What is happening to industry?

Answer 6

Primary sector has reduced and the others are becoming more balanced

Question 7

What are 3 benefits of manufacturing?

Answer 7

As industry grows more become employed and revenue from taxes increase
Reduces need to import
Thriving industrial sector = attracts foreign investment
Oil processing = chemical industry grows
Expansion of Nigerian companies into other countries
Improves standard of living = jobs + products
Workers gain a secure income

Question 8

What is the multiplier effect of industrial development and investment in Nigeria?

Answer 8

TNCs attracted by cheap labour workforce and poor enviro laws
Factory workers earn more + spend disposable income in local economy
Local services (eg banks and hairdressers) grow and tertiary sector increases
Gov receives more tax income from companies and middle class
Gov invests wealth in infrastructure to attract more investment

Question 9

What is a TNC?

Answer 9

A large company working across two or more countries

Question 10

Where do Shell operate in Nigeria?

Answer 10

In southern Nigeria by the Niger Delta

Question 11

What percentage of Shells operations are gas?

Answer 11

70%

Question 12

How much of Nigeria’s income is generated from oil revenue?

Answer 12

75% 🌊

Question 13

How much employment does Shell directly generate?

Answer 13

2700

Question 14

How much have Shell contributed to LICs through taxes?

Answer 14

$12 billion

Question 15

What is shells micro finance scheme (to help support smaller businesses) called?

Answer 15

LIVE WIRE

Question 16

How much do Shell spend yearly on healthcare?

Answer 16

$50,000 per year which benefits 250,000 people

Question 17

How have Shell helped improve infrastructure?

Answer 17

Built 20 health care centres
In 2019 spent $40 million on social investment (eg, provide 3000 secondary school scholarship)

Question 18

How has access to clean water improved?

Answer 18

From 46% -64%

Question 19

How has HDI improved!

Answer 19

0.47 in 2005
0.50 today

Question 20

What is a disadvantage of Shell relating to profits?

Answer 20

Profits leave the country and return to the host country
One year Shell made $20.1 billion profit and Nigeria only received 1 billion

Question 21

TNCs take advantage of weak regulations and can pollute the environment? True of False
And how many oil spills have their been since 2011

Answer 21

True
Shell has released toxic flames and gas flaring has also been a problem = air pollution
There have been 1010 oil spills since 2011 leaking over 17.5 million litre

Question 22

What percentage of Nigeria’s forest were deforested?

Answer 22

Due to urban sprawl 80% of the countryside has been lost through slash and burn - these areas are now home to squatter settlements with poor sanitation, waste disposal and traffic

Question 23

What can TNCs do?

Answer 23

Leave quickly- only stay whilst it’s profitable

Question 24

What do criminal gangs do?

Answer 24

Tap into pipeline and steal oil - which can lead to violence and environmental pollution

Question 25

What type of trade is most common.?

Answer 25

Containerisation- trade via container ships
40ft container = £1800

Question 26

What are the 3 positives of trade in Nigeria?

Answer 26

Export goods to earn an income
Oversea markets help grow businesses
Import raw materials to manufacture
Food and resources security
Improve diplomatic links = investment

Question 27

What are 3 negatives of trade in Nigeria?

Answer 27

Export raw materials cheaply = exploitation
Tariffs and taxes on exports to the EU
Import of expensive good = trade deficit
Trade in arms can lead to conflict
Fluctuation in prices

Question 28

What do Nigeria export?

Answer 28

Oil - 75% of all income
Scrap vessels
Cocoa beans

Question 29

What do Nigeria import?

Answer 29

TVs and other electronics like fridges and cars

Question 30

How much do Nigeria export ?

Answer 30

$42 billion

Question 31

How much do Nigeria import?

Answer 31

$52.4 billion

Question 32

What is Nigeria’s trade deficit?

Answer 32

$10.4 BILLION

Question 33

Who do Nigeria trade with ?

Answer 33

India, china, Spain,Malaysia, USA, Netherlands

Question 34

Why is OPEC necessary?

Answer 34

Critical to achieve oil market stability

Question 35

How many direct jobs do Shell create in the Niger delta

Answer 35

65,000

Question 36

What percentage of Shells contracts are given to Nigerian companies?

Answer 36

90%

Question 37

How many oil related jobs has Shell created in Nigeria ?

Answer 37

250,000

Question 38

What’s the name of aid in Nigeria ?

Answer 38

Nets for Life - help prevent malaria by providing 62 million nets in Nigeria - 2 nets per household