Nigeria - NEE Flashcards
importance
in 2014 nigeria became the worlds 21st largest economy
Nigeria supplies 2.7% of the worlds oil
Nigeria has one of the fastest growing economies in Africa
changing industrial structure
employment in agriculture has fallen
industrialisation has increased
the growth of communications, retail and finance in the service sector
what TNC has brought a number of benefits to nigeria
SHELL
economic benefits brought by TNC
making major contributions in taxes and export revenue
providing direct employment to 65,000 nigerian workers
giving 91% of Shell contracts to nigerian companies
supporting the growth of nigeria’s energy sector
oil developments have caused tensions and environmental problems
oils spills
water pollution
frequent oil flares have sent toxic fumes into the air
oil theft and sabotage are big issues as they reduce production levels and cost TNCs billions of dollars every year
Trade
main exports are crude oil, rubber, cocoa and cotton
main imports are cars from brazil and telephones, rice and wheat for the USA
one of the the fastest growing imports is telephones imported from china
AID
nigeria recieves about 4% of AID given to african countries
impacts of AID
The NGO Notes for life provides education on malaria prevention and distributes anti mosquito nets to many households
The USAID funded community care projects provides support packages for orphans and vulnerable children
economic development has lead to many environmental problems
many harmful pollutants go directly into open drains and water channels
70-80% of nigeria’s forests have been destroyed through deforestation
some industries dispose of chemical waste on nearby land
conclusion
despite the clear improvements in quality of life many people are still poor
limited access to services such as safe water, sanitation and reliable electricity is still a problem
