Nigeria - NEE Flashcards
What is Nigeria famous for?
Nollywood - 2nd largest film industry in the world
Many ethnic groups and tribes - many different religions a main one being Christianity and Islam
Many landscapes - for tourists - TRF’s and Hot deserts
South Africa is investing for business and banks
American cooperations such as Walmart and IBM are operating there
Global importance of Nigeria
7th most populated areas in world
2.7% of the worlds oil s manufactured here
70% of population has a job in agriculture
Highest GDP for Africa 27th largest economy in the world
Has over 19 mill cattle - highest in Africa
Major exports of Nigeria
crude oil - oil accounts for 14% of the countries GDP, high quality oil, from 2013-14 exports increased by 40%
Agriculture - Australia are the biggest customers for cotton
Cocoa and rubber aren’t as popular
Why is Nigeria’s economy developing?
many ppl speak English
Greater concern for the environment
Rapid advances in technology
Nigeria’s huge population is seen as a potential asset for the country
Nigerias economy - sectors
Employment in agriculture has fallen due to increasing farm machinery
Employment in the industry has increased due to jobs offered in oil production, manufacturing and cotton picking
Benefits of tnc’s
Give jobs to people
More money is spent on the economy
Investment by companies in local infrastructure and education
Valuable exports
Disads for TNCs
local workers are poorly paid
Poor working conditions
Much of the profit goes abroad
Grants used to attract TNCs should’ve been used to invest in the Nigerian industry
Shell oil TNCs benefits
Provided direct employment for 65,000 ppl
250,000 jobs in a related industry eg. In an oil rig in Niger Delta
Giving 91% of Shell contracts to Nigerian companies
Supports the growth of Nigeria’s energy sector
Shell oil TNCs disads
Oil spills - caused water pollution and soil degradation, reducing agricultural production and fishing yields
Frequent oil flares send toxic fumes into the air
Oil theft and sabotage causing the government billions of dollars
How does economic growth affect the environment?
urban growth - more emissions into the environment, squatter settlements are common, waste disposal has been a major issue, traffic congestion is a major problem
Industrial growth - in Lagos harmful pollutants go down open drains ruining ecosystems
70% of forests have been destroyed by logging
Mining and oil extraction - oil spills have lead to a destruction in ecosystems, leading to a loss of biodiversity. Oil spills also cause fires which release harmful pollutants in the air - contributing to global warming
Eg the Bodo oil spills - shell agreed to pay 55 mill fo compensation of these 2 oil spills that occurred. This helped with the development of schools
Benefits of economic development - quality of life
Better access to clean water
Better healthcare
Better paid jobs
Better diets which leads to better work
Improvements to infrastructure eg roads
Major challenges in Nigeria
political - government is corrupt
Environmental - oil spills in Niger delta leading to pollution and destruction of seas
Social - divide between Christian’s and Muslims and distrust between different tribes
