rapid economic development in nigeria

• Nigeria is a former British colony in west Africa where the economy is growing rapidly and the population is increasing.
• Nigeria is Africa’s biggest economy, trading with the EU, US, etc., and is part of ECOWAS and the African Union.
• Nigeria contributed military assistance to UN peacekeeping tours and people lost trust in the corrupt government that accepts bribes.
• Nigeria has a 65% literacy rate and a 54 years life expectancy.
• Nollywood, the second largest film industry globally, is located in Nigeria, which is socially diverse with many ethnic groups and religions.
• Nigeria is shifting from the primary sector (agriculture, extraction) to the secondary/tertiary sector (manufacturing).
• Agriculture has the largest number of workers in Nigeria, with many subsistence farmers growing only enough for themselves and their family.
• Manufacturing is popular in Nigeria as manufactured goods are more profitable than raw materials.
• Nigeria’s own TNC, Transcorp, provides hospitality services and energy globally.
• Foreign companies, such as Total and Exxon-Mobil, invest in Nigeria and buy rights to export oil from it.
• TNCs provide employment and share new technology, but they also damage habitats and harm wildlife.
• Nigeria receives aid from various types: short term after sudden disasters, long term for a specific project over a long period, tied, charitable, bilateral, multilateral, Christian aid, and action aid.
• Christian aid protects displaced Nigerians who were forced to leave their homes due to conflict in north Nigeria, supports individuals with HIV, raises awareness in communities, and provides medical treatment to young children for Malaria, Pneumonia, Diarrhea.
• Nigeria is a former British colony located in West Africa and is a rapidly growing NEE economically and in population.
• Nigeria is Africa's biggest economy and engages in trade with the EU, US, and other countries. It is also a member of ECOWAS and the African Union.
• In terms of political context, Nigeria has contributed military assistance to UN peacekeeping tours, but its government has been plagued by corruption and loss of trust.
• Socially, Nigeria has a literacy rate of 65% and a life expectancy of 54 years.
• Culturally, Nigeria is known for Nollywood, the second-largest film industry globally, and is socially diverse with many ethnic groups and religions.
• Nigeria's industrial structure is shifting from the primary sector (agriculture, extraction) to the secondary/tertiary sector (manufacturing).
• In terms of agriculture, Nigeria has the largest number of workers, with many engaged in subsistence farming.
• Manufacturing is popular in Nigeria, especially in NEEs, as manufactured goods are more profitable than raw materials. This includes processing mined oil, which brings large profits and political influence.
• TNCs play a role in Nigeria, with foreign companies investing in the country and buying rights to export oil. Nigeria also has its own TNC, Transcorp, which provides hospitality services and energy globally.
• The advantages of TNCs in Nigeria include investment in new production sites and sharing new technology. However, there are disadvantages such as environmental damage and contribution to global warming.
• Aid in Nigeria comes in various forms, including short-term, long-term, tied, charitable, bilateral, and multilateral aid. Christian Aid and Action Aid are two organizations providing aid in Nigeria.
• Christian Aid in Nigeria focuses on protecting displaced Nigerians, supporting individuals with HIV, and providing medical treatment to young children for malaria, pneumonia, and diarrhea.
• Action Aid in Nigeria encourages girls' education, delivers food parcels to families out of work during the pandemic, and pressures TNCs to pay taxes in Nigeria for community investment.
• Economic development in Nigeria has had environmental impacts such as oil spills, deforestation, and desertification.
• Oil spills in Nigeria contaminate water sources, destroy aquatic ecosystems, and have negative effects on local communities, as seen in the Bodo Oil Spill.
• Deforestation in Nigeria is the highest globally and leads to the release of CO2 and loss of biodiversity.
• Desertification in Nigeria is a result of grazing and deforestation, threatening livelihoods.
• Economic development in Nigeria has also impacted the quality of life, with issues such as water pollution, air pollution, waste management, and traffic congestion.
• Action aid encourages girls to go to school by building separate toilets and providing sanitary products.
• Action aid delivered food parcels to families out of work in the pandemic.
• Action aid is pressuring TNCs to pay taxes in Nigeria so the government can invest in communities.
• In 2008, two oil spills occurred in Bodo, India, leaking oil into rivers, destroying wildlife and fishing industries.
• Shell didn’t take responsibility for the Bodo oil spill and undercompensated the community.