Nigeria Case Study (NEE) Flashcards
What is the regional importance of Nigeria?
The fastest Growing economy in Africa, the highest GDP in Africa.
What is the global importance of Nigeria?
- Supplies 2.7% of the world’s oil (12th important in the world)
- The 5th largest contributor to UN peacekeepers
What is the wider political context of Nigeria?
- China is a major investor in the construction
- American companies e.g IBM and Walmart operate there
What is the social context of Nigeria?
- Diverse cultures - multiethnic/multifaith country
- Social diversity has created conflicts e.g Boko Haram
What is the cultural context of Nigeria?
- The Nigerian football team won the African world cup
- Newly emerging cinema “Nollywood”
What is the environmental context of Nigeria?
- Northern areas are semi-desert and arid
- South has high rainfall and temps which make it more rainforest based
What are the changing political relationships of Nigeria to the rest of the world?
- Independence from Britain in 1960 (colonisation)
- Now is an important member of the UN
How has Nigerian trade relationships changed?
- In past Nigeria used to sell most of its oil to the US
- Now the US is fracking more, so Nigeria sends oil to India
What was the Nigerian economy balanced like in 1999?
- 3/4 Agriculture
- Rest split between services and Industry (more services)
What was the Nigerian economy balanced like in 2012?
- Split evenly between Agriculture, Services and Industry
Why is there a change in the Nigerian economy?
- A greater concern for Environment
- IT taking off compare to oil
- Telecommunication growth due to English language growth
- Technology advancements
What is the fastest growing sector in Nigeria and why?
- Industry (manufacturing), cheap labour force and improved infrastructure - along with investment and job security
How is Manufacturing changing economic growth in Nigeria?
- Stimulates multiplier effect
- Thriving international centre which leads to investment increase e.g Volkswagen
- Regular paid work - improves job security
What is a TNC?
Transnational Corporation - a large company that operates in several countries. (HQ in one country, with production in others) e.g Nike
Which TNC is developing industry in Nigeria?
Shell Oil