nigeria Flashcards
Nigeria’s location and importance
worlds 27th largest economy
Africa’s highest GDP
supplies 2.2% of worlds oil
Advantages of TNCs in Nigeria
provide employment, training and development of new skills
stimulate the multiplier effect (by supplying industries etc)
Invest into local infrastructure
Disadvantages of TNCs in Nigeria
Wages may be low
environmental damage may be caused
most of the profits go abroad
working conditions poor
Why is the Shell investment controversial?
employs thousands, gives contracts to Nigerian companies, pays taxes, investments
oil exported is unrefined, production is lost through sabotage and theft, pollution contaminates soil
Political context
Former UK colony, gained independence in 1960
Political instability and civil war broke out
Stable government since 1999 (encourages investments)
Social context
multi-ethnic, multi-faith country
recent religious/ethnic tensions
Cultural context
Music (Fela Kuti)
Large film industry (Nollywood)
Environmental context
Pests and disease (Tsetse fly - lethal to livestock)
14% of rainforest lost from 2005 to 2020