Facts About Nigeria Flashcards
What position is Nigeria in producing oil?
12th in the world
What position is its economy
Worlds 21st largest economy
How important is Nigeria in Africa
-In 2014 Nigeria had the highest GPD in the continent
- largest number of cattle 19million
What is the population of Nigeria?
182 million (largest in Africa)
Describe Nigeria’s changing relationship with the world.
It is now getting richer and a bigger producer of oil and it has the biggest oil reserves in the world
Explain how politics has shaped economic development?
In 1960s Nigeria gained independence but civil wars, dictatorships prevented development. Recently there have been free and fair elections and a stable government now foreign companies are starting to invest e.g Microsoft
How have social and political conflict affected development in Nigeria in recent years?
There is an economic inequality between the North and the South which has lead to ethnic tensions for example BOKO HARAM and others have made the country unstable
What is “shell” in Nigeria?
An Oil Company who take Oil out of Nigeria
NEE?
Newly emerging economy
Squatter settlements
Living somewhere illegally for free
HDI
human development index
-life expectancy
-% of people at school
-wealth
Corrupt government
Doesn’t spend money fairly/ wisely or illegally
What are some types of aid?
-skilled people
-food
-projects
-money
-equipment
-emergency assistance
Advantages of shell in Nigeria
-employs 65000 Nigerians
-570,000 barrels of oil each day
Disadvantages of shell in Nigeria
-oil spills
-oil theft costs the government and TNS billions
