Changing Economic World -- Nigeria Flashcards
What was the life expectancy in Nigeria in 2021?
65 years old
What was the average income in Nigeria in 2021?
$4950
Give 3 regional importance’s of Nigeria?
Nollywood is the 2nd largest film industry in the world
Nigeria has the largest economy in West Africa
Nigeria has the highest agricultural output in Africa
Give 2 global importance’s of Nigeria?
2.7% of the world’s oil comes from Nigeria
In 2050 the Nigerian economy will be in the top 20 of the world
What type of habitats are in the south of Nigeria?
Woodlands and Rainforests due to equator
What type of habitats are in the north of Nigeria?
Short Grasslands
What are the religions in the North and South of Nigeria?
North – Muslim
South – Christian
What social factor may impact Nigeria and why?
250 minority groups make up a third of Nigeria’s population. This may mean it will cause a language barrier and cause conflicts
What cultural factor may impact Nigeria and why?
Nigeria has a rich and varied culture, meaning that tourists will be attracted
What environmental factor may impact Nigeria and why?
Country had bands reflecting amounts of rainfall. Some areas may be uninhabitable and therefore cannot be developed
Give the positives of a youthful population?
Active and productive workforce
Attracts international investors
Give the negatives of a youthful population?
More competition for jobs
Pressure on schooling systems
Give 3 fast growing industries in Nigeria?
Telecommunications – 115mill mobile users
Retail and Wholesale
Film Industry – Nollywood
What percentage of GDP does oil and gas account for?
14%
What is the example of a primary industry in Nigeria?
Dangote Cement
Give 3 impacts that the growing industry will have?
More jobs (2000)
Better Pay
More foreign investment
Give a TNC in Nigeria?
Shell
Give 3 advantages of TNCs in Nigeria?
Provides jobs with good wages
Increased wealth and rapid boost in GDP
Stimulates the multiplier effect
Give 3 disadvantages of TNCs in Nigeria?
Some TNCs will pollute the environment
There can be human rights abuse
Poor working conditions with long hours
How many gallons were spilled in the Nigeria Delta by shell?
500 million
Give 2 negatives of TNCs to the environment?
Toxic fumes pollute air
Damage to land making infertile
Give 2 positives of TNCs to the economy?
Increased wealth
Shell invested 12 billion in LICs
Give 2 negatives of TNCs to the economy?
Most money generated goes back to HICs
TNCs can withdraw investments
Give 2 positives of TNCs socially ?
TNCs have charities for people
Provides new technology