Changing economic world - Nigeria Flashcards
What is the regional importance of Nigeria?
- leadership roles
- largest population in Africa (218 million - October 2022)
- largest economy in West Africa
- highest agricultural output in Africa
What is the global importance of Nigeria?
- Nollywood film industry
- 1.24 million Nigerians living in other countries
- by 2050 Nigeria’s economy will be in the top 20 largest economies in the world
- 2.7% of the world’s oil is supplied by Nigeria
Where is the largest ethnic group in Nigeria?
North of Nigeria
Where has more woodlands and swamps in Nigeria?
South
What is the environment like in the north of Nigeria?
Short grass savanna
hot, dry, tropical climate
short wet season
How has the economy in Nigeria changed overtime?
Economy increased
How might social factors impact Nigeria’s development?
250 minority groups - different languages may cause barriers as well as differences in traditions
How might cultural factors impact Nigeria’s development?
music is enjoyed across Africa - may encourage migration to be apart of it
How might environmental factors impact Nigeria’s development?
decreasing rainfall - negative impact on agricultural success
increase pressure on water use
What are the positives of a youthful population?
active and productive workforce
- healthy and able to contribute to the economy
attractive to international investors
less government expenditure on healthcare
What are the negatives of a youthful population?
more competition for jobs
pressure on schooling systems to provide enough resources
workforce need more training as they are less experienced
What is one political factor that effected Nigeria?
2 and a half year civil war
triggered by the declaration of an independent state of Biafra in 1967
What were the effects of the civil war?
mass migration
100,000 military casualties
2 million people in need of food aid to prevent starvation
What is Nigeria’s economy changing from and turning into?
from agricultural economy
into an industrial economy
Where does over half of the country’s GDP come from now?
manufacturing and service industries
What are the fastest growing industries in Nigeria?
Telecommunications
Retail and wholesale
Film industry
Suggest a reason for Nigeria’s changing economic sectors
education rate is increasing
- more people going to school
- get better jobs, that pay more
What type of industry is Dangote Cement?
Secondary
Is Dangote cement growing? How is it changing overtime?
Due to rapid urbanisation, demand for cement is high
leading Sub-Saharan cement company
48.6 million tonnes per year across 10 countries
What impact might urbanisation have on development of jobs?
Increases the pace of economic development
Increased formal jobs
pay and encourage investment
increased expansion into other countries in Africa increases Algeria’s influence in the region and its GNI
Impacts of Nigeria’s growth in manufacturing: tax
regular paid work gives people a secure income to improve their own lives
income for the government from tax increases
Impacts of Nigeria’s growth in manufacturing: goods
Many manufactured goods are available for people to buy
Impacts of Nigeria’s growth in manufacturing: cars
manufacturing a car needs many other parts so other businesses benefit from making and supplying the parts
Impacts of Nigeria’s growth in manufacturing: foreign companies
attracts foreign companies to establish and invest in Nigeria creating more jobs
