Economic World - Nigeria

Question 1

importance of nigeria

Answer 1

• 5th largest contributor to UN peacekeeping missions
• pop of over 201mil - highest in africa
• going to be 4th largest pop in 2050
• 12th largest oil producer

Question 2

context

Answer 2

• gained independence from uk in 1960
• stable democracy but civil war in north
• MINT
• tropical climate - still long, dry season inland
• most natural veg has been replaced w/ agriculture

Question 3

changing industry

Answer 3

• largest economy in africa
• fastest growing global economy
• growth inequality - richer in the south
• movement from primary to secondary and tertiary
• oil & gas discovered, 14% of nigeria’s GDP - vulnerable to price changes

Question 4

economic development reasons

Answer 4

• rapid advances in tech
• greater concern for environment
• investment in science & tech
• info tech
• increase of telecommunications - many ppl speak eng

Question 5

changing employmeny structure

Answer 5

• decline in primary industry - 70% in 1999to 33% in 2012
• growth of manufacturing
• growth of services - 20% to 33%

Question 6

shell

how can manufacturing stimulate the economy

Answer 6

1. shell starts refining oil in nigeria
2. local firms provide shell w/ components or products
3. local ppl earn money from working at refineries
4. local ppl spend money in local businesses
5. taxes collected goes up = spent on infrastructure to attract more manufacturing companies

Question 7

shell in nigeria

Answer 7

• over 50yrs there
• 50 oil producing fields
• 65,000ppl employed

Question 8

NNPC

nigerian national pertoleum corporation

Answer 8

works w/ TNCs to ensure some oil profit stays in nigeria

Question 9

trade relationships

Answer 9

• trades w/ UK, EU, USA, india, china
• oil is main export
• china is main import partner
• china invests in infrastructure in nigeria & nigeria gives china natural resources

Question 10

china railway construction

Answer 10

• connects abuja (capital) to lagos (commerce hub)
• connects major cities to niger delta (oil)
• local industries benefit from better infrastructure
• attracts greater job investment –> job creation

Question 11

aid in nigeria

Answer 11

• given 60mil mosquito nets
• given debt relief in 2005
• 60% of pop lives on less than 1US$/day

Question 12

environmental impacts of shell

Answer 12

• oil spills pollute freshwater & destroy ecosystems
• 70-80% of forests have been destroyed for logging
• harmful polluntants go directly into open drains
• industrial chimneys emit poisonus gases = respiratory diseases

Question 13

impacts on quality of life

Answer 13

• HDI steadily increased from 0.47 in 2006 to 0.539 in 2020
• GDP is growing
• life expectancy increased from 46 in 1990 to 52 in 2013