Political and Economic Changes and Development

Question 1

Economic liberalization

Answer 1

-Investment in anti-poverty and educational programs.
-Low oil prices: economy to other directions
- Young workers: innovations, more work

Question 2

Oil production

Answer 2

Africa’s largest oil productor:
$50mil yearly:
- Environment degredation
- Revenue maintains politics rather than economy
- Dis-management/corruption

Question 3

Important demographics

Answer 3

• Young Population: 20-30’s
• Low literacy: 63%
• Life Expectancy: 53.63 years

Question 4

stand in world’s oil production:

Answer 4

Top 10 global oil exporters.
China/Nigeria trade partners:
-politcial stability