Nigeria- The Changing Economic World

Question 1

Regional importance (to Africa).

Answer 1

Nigeria has largest population on the continent
Highest GDP on the continent
Fastest growing economy
Second largest oil and gas reserves in Africa

Question 2

Global importance (other nations)

Answer 2

The 31st largest GDP in 2018
Worlds 21st largest economy has experienced recent rapid growth
Seventh largest population in world
Second largest film industry in the world

Question 3

Political context

Answer 3

Nigeria is a member of the commonwealth
Capital moved from Lagos to the newly built city of Abuja

Question 4

Social context

Answer 4

500 ethnic groups- south Christian, north is Muslim
Regional conflicts and power struggle

Question 5

Cultural context

Answer 5

Social diversity created rich artistic culture, with its own thriving music, film sector
Nollywood producing 1000 films a year

Question 6

Environmental context

Answer 6

South has high rainfall with rainforests
North has less rainfall and savanna grasslands
Far north has semi desert conditions

Question 7

Changing industrial structure

Answer 7

Largest economy in Africa, wealth in south, poor in north
52% of Nigerias GDP now comes from manufacturing and services
Dangote cement- one of Nigerias largest companies

Question 8

Positive impacts of economic development on quality of life

Answer 8

Life expectancy increased from 48 to 53
Birth rate decreased from 43 to 37
Death rate decreased from 17 to 12
Positive multiplier effect

Question 9

Negative impacts of economic development on quality of life

Answer 9

Nigeria is ranked 152 out of 187 countries which puts it in the low category of human development
Environmental impacts. Deforestation, oil spills