Economic World 2 - Nigeria Flashcards
What is Nigeria our case study for?
An NEE experiencing rapid economic development.
This leads to significant social, environmental, and cultural change.
Describe the location of Nigeria
Nigeria is located in West Africa.
Its coastline borders the Gulf of Guinea (which is within the South Atlantic ocean).
Bordering countries include Niger (north) ,and Cameroon (east).
Nigeria’s latitude?
Between 4 and 14° North of the equator.
What is the importance of Nigeria regionally? Agriculture
Nigeria has the highest agricultural output in Africa.
This means the country provides food security for both its population and that of nearby countries, which reduces reliance on food imports.
What is Nigeria’s population?
≈ 218 million (2022)
What is the importance of Nigeria regionally? Economy
Nigeria is the largest economy in West Africa.
This means that there are many employment opportunities for both members of its population and those from nearby countries (who often migrate to Nigeria for jobs in industries like oil).
Economy (for understanding)
The state of a country or region in terms of the production and consumption of goods and services and the supply of money.
What is the importance of Nigeria globally?
2.7% of the World’s oil is supplied by Nigeria.
This means that the country can supply oil for many others, helping to meet high global energy demands.
Oil is of particularly high importance for developed like the UK which have become reliant on oil for transport and energy production.
Name the capital city of Nigeria
Abuja
By 2050, Nigeria’s economy will be…
..in the world’s top 20 largest economies.
This means it will be important in global supply chains, importing and exporting goods worldwide (particularly oil).
Nigeria’s economy is ___ based.
oil
