Nigeria Flashcards
Advantages of TNCs
- Companies provide employment
- More money is spent in the economy
- Investment by companies in local infrastructure
- Valuable export revenues are earned
Disadvantages of TNCs
- Local workers are sometimes poorly paid
- Working conditions can be poor
- Jobs often go to foreign employees from the TNC
- Much of the profit goes abroad and not to Nigeria
What is an example of a TNC in Nigeria?
KFC
How do TNCs benefit from operating in Nigeria?
- Cheaper labour
- tax incentives
- laxer environmental laws
- access to a wider market
How do locals benefit from TNCs?
- Job opportunities to feed families
- Better facilities
What are some opportunities for development in Nigeria?
- Mining
- Oil extraction
- Commercial farming
Advantages and Disadvantages of MINING
Adv
- Tin mining has been a good income to mining companies
- Provided employment
… Benefitting economy
Disadv
- Caused soil erosion
- Local water supplies were polluted
… Causing environmental damage
Advantages and Disadvantages of OIL EXTRACTION
Adv
- Employment fir 65000 locals
- 91% of Shell contracts to Nigerian Companies
- Makes major contributions in tax and export revenue
… Benefitting economy
Disadv
- Bodo Oil spill has caused water pollution and soil degradation
- Oil theft and sabotage from SHELL has put local lives at risk
- Toxic fumes are emitted during extraction
… Which affects Nigeria socially and environmentally
Advantages and disadvantages of COMMERCIAL FARMING
Adv
- Farming provides food to be exported
- Farmers have jobs to feed families
… Benefitting economically
Disadv - Water pollution from chemicals - CO2 emissions from construction - Soil erosion ... Environmentally damaging
What problems does Nigeria face?
- Economic development
- Industrial growth
- 70-80% of Nigeria’s forests have been destroyed
What is emergency AID?
Usually following a natural disaster, and food, water, shelter and medical supplies are provided
What is development aid?
Long term support given by charities, governments and multilateral organisations. Provides safe water, education and improvements to infrastructure, etc.