Changing Economic World : Nigeria

Question 1

What is Nigeria’s population?

Answer 1

200 million

Question 2

What will Nigeria’s population be in 2050?

Answer 2

Nigeria’s population is set to soar to 300 million by 2050 - 4th largest in the world

Question 3

What are some of Nigeria’s economic advantages?

Answer 3

Geographical location - good trade links over the sea
High population - large workforce
Oil - makes up 14% of Nigeria’s GDP and 98% of all export earnings
Stable government

Question 4

Nigeria’s major exports are…

Answer 4

Oil (crude and refined) & ‘sweet’
Gas
Cocoa
Rubber
Cotton

Question 5

Nigeria’s major imports are…

Answer 5

Cars
Mobile Phones
Rice
Wheat

Question 6

When did Nigeria gain independence from the UK?

Answer 6

1960

Question 7

Since what year has Nigeria had a stable government?

Answer 7

1999

Question 8

What has Nigeria’s stable government meant for the country?

Answer 8

More chances of improvement in the country (e.g. infrastructure)
Increased FDI (Foreign Direct Investment)

Question 9

What organizations is Nigeria involved in?

Answer 9

The African Union - economic planning
OPEC - the top 20 oil exporters who control prices
UN (United Nations)
ECOLAS - a trading group in West Africa

Question 10

What does Boko Haram want?

Answer 10

To impose Islamic Law

Question 11

Where are Boko Haram active in Nigeria?

Answer 11

In northern parts of the country

Question 12

How many people died from an attack by Boko Haram in 2016

Answer 12

1500 people died as Boko Haram attacked churches and markets

Question 13

Nigeria : What percentage of people go on to secondary education in:
Urban areas
Rural areas

Answer 13

Urban areas - 60% go on to secondary education
Rural areas - 30% go on to secondary education

• Highlights massive regional differences in education levels

Question 14

The name of Nigeria’s film industry & its ranking

Answer 14

‘Nollywood’
-The second film industry in the world

Question 15

What is a balanced economy?

Answer 15

A balanced economy is having the same or similar numbers of people employed in and income from each industrial sector

Question 16

Nigeria : How much has employment in the primary sector decreased?

Answer 16

Decreased 30% due to use of farm machinery and better pay in other sectors

Question 17

Nigeria : How much has employment in the secondary sector increased?

Answer 17

Increased 30% due to industrialisation and economic growth

Question 18

Nigeria & environmental impacts of its growth : Industrial growth

Answer 18

-massive illegal small scale industry (10,000)
-70-80% of forests destroyed through logging
-Causing accelerated desertification

Question 19

What are some reasons for Nigeria’s economy developing?

Answer 19

Rapid advances in technology
Many English speakers so potential growth in telecommunications
Investment in science and technology training
Industrial growth

Question 20

Nigeria & Shell : Advantages

Answer 20

-Major contributions in taxes and export revenue
-91% of contracts go to Nigerian companies
-Energy sector experience rapid growth
-Long term commitment to country and its people
-extensive social development programs in Niger delta
=> providing running water and electricity
-more than 3000 secondary and university scholarships each year

Question 21

Nigeria & Shell : Disadvantages

Answer 21

-Government & shell work togther to silence discontent
-federal government is 60% share holder in shell activities in Niger Delta
-Oil spills cause soil degridation + water pollution
=> agriculture & fishing suffered
- Oil flares realise toxic fumes
-militant groups target oil supplies
-oil theft and sabotage are common
=> oil tapping equipment used on pipes

Question 22

Nigeria & environmental impacts of its growth : Industrial growth

Answer 22

-massive illegal small scale industry (10,000)
-70-80% of forests destroyed through logging
-Causing accelerated desertification

Question 23

Nigeria : why is there a quality of life imbalance

Answer 23

Similar to Jamaica.
-Corruption is a key cause
-loss of $1 billion in oil each month due to crime.