Nigeria

Cards (33)

  • Nigeria is located on the west coast of Africa. It has an area of 923,768 km² and is Africa's most populated country (217 million).
  • Nigeria is a highly diverse country supporting over 250 ethnic groups, the largest groups being Hausa, Yoruba and Igbo.
  • With a GDP of $440 billion, Nigeria has the largest economy in Africa. The oil industry alone makes up 9% of Nigeria's GDP. Nigeria's oil supply gives it greater political and global influence.
  • Despite its rich economy, there is high wealth inequality with more than 112 million people living in poverty.
  • Secondary sector

    Production of cement, textiles and food and beverage goods
  • Tertiary sector
    Services including telecommunications, banking, trade, tourism and real estate
  • Over 70% of Nigerians are farmers and yet, the agriculture industry only makes up approximately 22% of Nigeria's GDP
  • The secondary sector creates approximately 28% of Nigeria's GDP
  • The tertiary sector generates about 50% of Nigeria's GDP
  • Transnational Corporation (TNC)
    A company that has operations (e.g., factories, offices, etc.) in multiple countries
  • Advantages of TNCs in Nigeria
    • Increase employment and tax revenues
    • Invest in infrastructure to boost the economy
    • Contribute to the development of local communities
  • Disadvantages of TNCs in Nigeria
    • Cause serious environmental damage due to oil spills
    • Pay lower wages compared to HICs, with profits not seen in Nigeria
    • May move elsewhere to reduce costs, creating job insecurity
  • Nigeria's global political position
    Changed as it developed from an LIC to an NEE
  • Nigeria joined the Commonwealth
    In 1960 after gaining independence from the British Empire
  • Nigeria's Main Imports
    • Cars
    • Wheat
    • Refined petroleum
    • Medicaments
    • Telephones
  • Nigeria's Main Exports
    • Crude petroleum
    • Petroleum gas
    • Floating structures
    • Cocoa beans
  • International Aid
    Provided by international organisations and other countries to help with wealth inequality and disasters
  • Short-Term Aid
    • Helps fund rescue operations and emergency supplies, but does not provide a long-term solution
  • Long-Term Aid

    • Aims to improve quality of life in NEEs and LICs by supporting economic and social developments over time
  • Top-Down Aid
    • Governments and large organisations provide aid money, recipient government decides how to spend it on large-scale projects
  • Bottom-Up Aid
    • Aid money or goods are donated directly to local people to help fund small-scale community projects
  • Short-Term Aid Example
    • The European Union provided £80,000 in emergency humanitarian funding to support the Nigerian Red Cross after heavy flooding in Autumn 2020
  • Top-Down Aid Example
    • The World Bank has invested $12.2 billion in Nigeria which funds projects that provide vaccines, expand the digital economy and develop students' skills
  • Bottom-Up Aid Example
    • The 'Nets for Life' project provided anti-mosquito nets to local communities to reduce the impact and spread of malaria
  • Increased oil extraction in Nigeria
    Led to greater pollution due to oil spills and burning natural gas (gas flaring)
  • Economic development in Nigeria
    Led to the destruction of natural habitats, with Nigeria having the highest rate of deforestation in the world between 2000-2005
  • Economic growth in Nigeria
    Created more long-term jobs with higher wages, and increased education provisions leading to higher adult literacy rates
  • Improvements in sanitation, infrastructure, education and healthcare in Nigeria
    Can be attributed to the country's economic growth, leading to increased life expectancy
  • Unilever
    An Anglo-Dutch Transnational Corporation (TNC) manufacturing items such as soap, foods and personal care items
  • Unilever in Nigeria
    • Employs about 1500 people in Nigeria
    • Has promoted improvements in health care, education and water supply
  • Shell Oil in the Niger Delta
    • One of the world's largest oil companies
    • Has extracted oil from the Niger Delta since 1958, with some controversy
  • Advantages of Shell's operations in Nigeria
    • Has made major contributions in taxes
    • Has provided direct employment for 65000 Nigerian workers
    • Has provided 250000 jobs in related industries
    • 91% of all Shell contracts have been placed with Nigerian companies
  • Disadvantages of Shell's operations in Nigeria
    • Oil spills have caused water pollution and soil degradation, damaging agriculture and fishing industries
    • Frequent oil flares send toxic fumes into the air
    • Oil theft and sabotage cost TNCs and the government billions of dollars every year