Nigeria Case study (NEE) Flashcards
(9 cards)
What is the importance of Nigeria regionally?
-Large economy makes it a regional power
-Largest agricultural output
-Nigerian music
What is the importance of Nigeria Globally?
-Huge oil and gas reserves
-2nd largest film industry Nollywood
-United Nations peacekeeping
How is Nigeria’s economy changing?
-Over half the population live on 1 USD per day, with over 5 million facing hunger
-Around 52% of Nigeria’s GDP comes from manufacturing and services
-Heavy investment from USA, South Africa and China
-Oil in Niger Delta has had huge impacts on the economy
9% of GDP is oil and gas
-Manufacturing is 27% of GDP, causing multiplier effect, grows faster than oil gas and telecommunications
What are some positives of Shell in Nigeria?
-Creation of up to 65000 jobs
-Teaches new skills to locals for better job opportunities
-Increases demand for local technology and equipment, boosting local economy
-Higher average wages
What are some negatives of Shell in Nigeria?
-Up to 40 million litres of oil spilled in Niger Delta
-Contamination of fish and crops destroys local subsistence farmer’s profit, 10 year lower life expectancy in Niger Delta
-Profits often leave to shareholders in HICs
-Raw materials are exported, causing reduction in profit in Nigeria
What has been positives of aid in Nigeria?
-Nets for Life gives mosquito nets to poor families to help prevent spread of malaria
-Business loans help diversify economy so new companies develop
What have been negatives of aid in Nigeria?
-High corruption leads to aid not being given to the right people
-Over reliant on aid causes lack of investment in key sectors
What are some environmental impacts of the change in Nigeria’s economy?
-Toxic chemicals discharge into drains and sewers
-Widespread emissions of gases
-Around 80% of forest in Nigeria lost
How has Nigeria’s QOL increased as a result of economic development?
-Average education rate increased
-GNI increase
-Life expectancy increase
-However still 50% live in poverty
