Balancing Nigeria's changing industrial structure Flashcards

1
Q

Why has employment in agriculture steadily declined

A

increasing use of farm machinery and competition from other forms of employment

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2
Q

What are the outcomes of rapid growth of communications, retail and finances

A

expansions of tertiary (service) sector.

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3
Q

What has Nigeria’s economy been dominated by

A

Agriculture but steadily shifted to services

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4
Q

Nigeria’s growing manufacturing sector

A

cheap labour force and improving infrastructure.

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5
Q

Effect of manufacturing on economy:
Labour

A

Regularly paid work gives people a more secure income and provides larger home market

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6
Q

Effect of manufacturing on economy:
Growth

A

manufacturing industries stimulate growth to close links between companies

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7
Q

Effect of manufacturing on economy:
Employment

A

as industries grow, more people are employed, revenue from taxes increases

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8
Q

Effect of manufacturing on economy:
Foreign influence

A

Thriving industrial sector attract foreign investment leading to more economic growth

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9
Q

Effect of manufacturing on economy:
Oil

A

oil processing has created chemical products, leading to growth in chemical industries such as soap and detergents

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