Nigeria Flashcards
Importance of Nigeria
In 2014 it was 21st largest economy in the world
Nigeria supplies 2.7% of oil
Developed a diverse economy
Fifth largest contributor to UN peacekeeping missions
Importance in Africa
One of the fastest growing economies in Africa
2014 had Africa’s highest GDP
third largest manufacturing sector in Africa
Largest population of any African country
Has the highest farm output in Africa
Huge potential
Political Context
.During the colonial period, Europeans exploited Africa’s resources and
people, Nigeria was ruled by the UK as a colony. It became independent in 1960
.Political instability affected Nigeria’s development and led to widespread corruption.
.Since 1999 it has had a stable government
.Several countries are now starting to invest in Nigeria
.since its independence, it has become a member of the British Commonwealth
Social Context
Nigeria is a multi-ethnic, multi-faith country - this is a strength, but has also
been a source of conflict including a civil war between 1967 and 1970.
.Rocently, econoric inequality between the Islamic north and Christian south of Nigeria has
created new religious and ethnie lensions. This has created an unstable situation with a negative impact on the economy,
Cultural Context
Nigerian music e.g. the musician Fela Kuti Nigerian cinema ‘Nollywood” is the second
largest film industry in the world, behind India.
The Nigerian football toam
has won the African Cup of
Nations three times.
Environmental context
Semi desert (North) High temperatures and high annual rainfall (South) Tropical grassland (savannah) used for grazing cattle. (centre) Jos Plateau (Centre
Impacts on economic growth of environment - Industrial
In Kano and Lagos, industrial pollutants go directly into water channels. They are harmful
to people and ecosystems.
Industry emits poisonous gases that can cause respiratory and heart problems
70-80% of Nigeria’s forests have been
destroyed through factors such as agriculture,
urban expansion and industrial development
Impacts on envrionment - Urban
Waste disposal is a major issue (Figure 2).
Traffic congestion leads to high levels of
pxhaust emissions.
The development of Abuja has resulted in areas of
rich natural vegetation being replaced by concrete.
What is the Jos plateu
An upland region which is wetter and cooler than surrounding savannah. Denseley populated with farmland and woodland
What are Nigeria’s political links
CEN-SAD : Trading group and sporting links
African Union : Economic planning and peacekeeping group
United Nations : Nigeria has a significant role in peacekeeping
ECOWAS : Economic community of west African states trading group
OPEC : Aims to stabilize price of oil
What are Nigeria’s trading links
Imports - Petroleum from Europe and USA, Cars from Brazil and USA, Phones from China
Exports - Crude and refined petroleum, natural gas
How has Nigeria’s economy changed
in 1999 Agriculture took up 2/3 of Nigeria’s economy with Industry and services only taking up a third
in 2012 all categories were equal taking up a third
How is manufacturing affecting economic development
Today, manufacturing accounts for 10% of Nigeria’s GDP
. Regular work gives people secure income allowing for a large home market for products manufactured in Nigeria such as cars
.Manufacturing industries stimulate growth for other companies such as car parts companies (multiplier effect)
.More people employed = more revenue from tax
.Thriving industrial sector attracts foreign investment
.
Advantages of TNC’s
.Companies provide employment and development of new skills
.Investment by companies in local infrastructure and education
.Other local companies benefit from increased orders
.Valuable export revenues are earned
Disadvantages of TNC’s
.Local workers can be paid poorly
.Working conditions are sometimes very poor
.Management jobs can go to foreign employees
.Most of the profit goes abroad
