Nigeria Flashcards
Importance of Nigeria
It is the 21st largest economy in the world
Supplies 2.7% of the worlds oil
It’s developed a diverse economy
Importance in Africa
It has one of the fastest growing economies in Africa
It has the highest population of any African country
Political context
During the colonial period Europeans exploited African resources and people
Political instability has lead to widespread corruption
Unstable government
Social context
Nigeria is a multi ethnic,multi faith country this is a strength but has also been a weakness starting civil wars
Economic inequality between the Islamic north and Christian south has lead to social and religious tensions
Cultural context
Nigerian free music
Nollywood is the second largest film industry of all time
Nigerian football team
Nigerias environment
Semi desert in the north
In about the middle there is Jon plateau an upland region which is wetter and cooler then the savannah
Political links
ECOWAS:economic community of west African states)
United Nations
OPEC(organisation of petroleum exporting countries)aim to stabilise oil and ensure a regular supply
Crude oil
Dominates Nigerias exports
The greatest demand for Nigerian oil was from the USA
With the development of shade oil demand for crude oil has fallen
India is now the biggest consumer
Nigerias manufacturing sector
Regular paid work gives people secure income meaning a large home market for products like cars
manufacturing industries stimulate growth for other companies such as supplying those that make cars
More people are employed so revenue from taxes increases
This growth is an example of the multiplier effect
A thriving industrial sector attracts foreign investment
Tncs in Nigeria advantages and disadvantages
A transnational company is a large company that operates in multiple countries
Advantages
Companies provide employment and the development of new skills
Investment by companies in local infrastructure and education
Valuable export revenues are earned
Local companies benefit from increased orders
Disadvantage
Local workers are sometimes poorly paid
Working conditions are sometimes poor
Management jobs go to foreign employees
Profit goes abroad
Impact of aid on Nigeria
In 2014 the world bank approved 500 million loan to fund development projects and provide loan to businesses
Aid from the USA helps to protect people against the spread of AIDS/HIV
The community care in Nigeria provides support for orphans
How economic growth affects environment
Industrial growth
-in Kano and Lagos industrial pollutants go directly under water channels,they are very harmful
-industry emits poisonous gases that can cause respiratory and heart problems
-70-80% of forests destroyed
Urban growth
-waste disposal is a major issue
-traffic congestion leads to high levels of exhaust emissions
Commercial farming
-there is water pollution due to chemicals,soil erosion and silting of river channels
-many species have disappeared because of deforestation
Mining and oil extraction
-tin mining led to soil erosion,local water supplies were polluted with toxic chemicals
-oil supplies can cause fires,sending co2 and other harmful gases into areas causing acid rain
