Nigeria Flashcards
1
Q
How has Nigeria’s economy changed over time?
A
From 1960 when it first gained independence it was quite weak and corrupt but over time it got better and in 2014, it was the 21st largest economy.
2
Q
What percentage of Nigeria’s GDP is due to manufacturing now?
A
10%
3
Q
Benefits of TNCs in underdeveloped countries
A
-Invest in staff training
- multiplier effects with other industrial sectors.
4
Q
Challenges of TNCs
A
- keep wages at a minimum to keep profits high,
-profits also leak out of the country to where the company is
5
Q
Unilever in Nigeria
A
-employs 1500 people in Nigeria
-looks to improve education in hygiene.
6
Q
Shell oil in Nigeria
A
-extracts oil in the Niger Delta
-employs 2500 workers
- pays taxes to the government
- caused environmental damages to Nigeria e,g the 2008 oil spills in the Bodo region, 4000 barrels leaked.
