Nigeria, Economic Flashcards

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1
Q

cultural influence

A

Nollywood

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2
Q

economic influence

A

Africa’s leading nation, top 20 2050, largest GDP/ farming output

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3
Q

political influence

A

ECOWAS, common wealth, supply 2.7% world’s oil demand

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4
Q

effect of colonialism

A

divide, tension in votes and religion, north muslim south christian

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5
Q

environmental disadvantages of economic development

A

1500 oil spills into Niger Delta since 2007, leaching due to poor water and agricultural waste, logging, squatter settlements (landfill > leaching)

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6
Q

direct employment from shell

A

65000

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7
Q

effect of Shell’s investment and operations into Nigeria

A

Scholarship scheme (more educated, more secondary employment), more FDI, infrastructure, consumer society

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8
Q

jobs in supply chain of industries

A

shell gives 90% contracts to Nigerian companies, 250k

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9
Q

disadvantages of Shell

A

economic leakage into HIC operations, 1.3mill tonnes oil into Delta, poor pay, unreliable source of FDI (decrease 34% 2015)

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10
Q

advantages of Shell

A

employment, tax ,charity programmes (15 mill to scholarships), technological skills (FDI 5bill per year), high incomes, efficient farming

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11
Q

how much tax does Shell contribute per year?

A

50 billion

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