Nigeria Flashcards
What is the population of Nigerian
184 million - rapidly increasing
What is significant about Nigerias projected population in 2050
It is set to be the 4th largest
What is the GDP of Nigeria
$500 billion
What causes nigerias GDP to be so high
Natural oil reserves
What sector has experienced a 30% increase due to finding oil reserves
Secondary
What has the finding of natural oil reserves caused
A positive multiplier effect
What is the multiplier effect
The feeding down of money from one place to another
What are the weather conditions like in the north
Dry grasslands
What are the weather conditions like in the south
Tropical, rainy
What are the difference between the north and south of Nigeria
North - lack of crops, high levels of terrorism
South - more political power
What percentage of people in Nigeria live on less than $1.25 a day
60%
What is the literacy rate
40%
How many people die from malaria each year
6000
What is the life expectancy
57 years
How is Nigeria regionally important
- largest population in Africa
- 184 million people
How is Nigeria nationally important
- richest country in Africa
- high oil exports
- part of OPEC (organisation of petroleum exporting countries) —> set price for oil
How is Nigeria globally important
- part of MINT (Mexico, India, Nigeria, Turkey) —> expected to overtake HICs in futre
What is an example of a TNC in Nigeria
Shell
Where are the headquarters for shell oil located
Holland
What are some positive about shell being located in Nigeria
- 96% of all workers are Nigerian
- tax income only from shell is $1.4 billion a year
- money towards new schools, hospitals for local people
What are some negatives of shell being located in Nigeria
- 4% of jobs (high payed) aren’t going to Nigerians
- 7000 oil spills in 5 years
- oil spills destroy farmland - farmers lose income
- oil contaminates water - wildlife deaths, fishing income stops
- overland pipes (cheaper) subject to attacks and badly monitored
