Nigeria, Economic Flashcards
cultural influence
Nollywood
economic influence
Africa’s leading nation, top 20 2050, largest GDP/ farming output
political influence
ECOWAS, common wealth, supply 2.7% world’s oil demand
effect of colonialism
divide, tension in votes and religion, north muslim south christian
environmental disadvantages of economic development
1500 oil spills into Niger Delta since 2007, leaching due to poor water and agricultural waste, logging, squatter settlements (landfill > leaching)
direct employment from shell
65000
effect of Shell’s investment and operations into Nigeria
Scholarship scheme (more educated, more secondary employment), more FDI, infrastructure, consumer society
jobs in supply chain of industries
shell gives 90% contracts to Nigerian companies, 250k
disadvantages of Shell
economic leakage into HIC operations, 1.3mill tonnes oil into Delta, poor pay, unreliable source of FDI (decrease 34% 2015)
advantages of Shell
employment, tax ,charity programmes (15 mill to scholarships), technological skills (FDI 5bill per year), high incomes, efficient farming
how much tax does Shell contribute per year?
50 billion