A newly emerging economy - Nigeria

Question 1

Global importance of Nigeria

Answer 1

-NEE
-21st largest economy, top 20 by 2050
-3% of the worlds oil
-fifth largest contributor to UN peacekeeping

Question 2

Nigeria’s importance in Africa

Answer 2

-highest GDP in the continent
-19 million cattle
-70% of population in agriculture

Question 3

Nigeria’s global exports

Answer 3

Crude oil
-biggest exports
-greatest demand USA
Agriculture
-small amounts of cocoa and rubber exports

Question 4

Nigeria’s income

Answer 4

-main income is from agricultural products like cocoa, timber, oil palm

Question 5

Nigeria’s growing manufacturing sector

Answer 5

-10% of GDP
-growing faster than oil
-going to increase

Question 6

Nigeria’s relationships

Answer 6

-5th largest contributor to United Nations

Question 7

TNCs in Nigeria

Answer 7

Transnational Corporations
-Unilever (palm oil)
+promotes education and healthcare
-Shell (crude oil)
+provides work
-large oil spills
-oil theft and sabotage

Question 8

Aid received by Nigeria

Answer 8

-100 million people live on less than 1$ a day
-receives 4% of African national aid

Question 9

Quality of life in Nigeria

Answer 9

-60% of population in poverty
-very corrupt government

Question 10

Environmental issues in Nigeria

Answer 10

-10000 illegal small scale industry’s with no environmental regulation
-constant oil spills
-80% of Nigerias forest has been logged