Nigeria

• What % of the world's oil does Nigeria supply?

  2.7%
• What is the GPD in the south of Nigeria?

  US $ 8300 / person
• What is the GPD in the north of Nigeria?

  US $ 300 / person
• What is the life expectancy in Nigeria?

  54 years (rest of world is 73)
• What is the literacy rate in Nigeria?

  65.1% (especially low in girls)
• What proportion of children stay in school?

  1/3
• What % of people are employed in agriculture?

  70% (many are subsistence and can be given micro finance loans to break the cycle of poverty)
• What % of Nigeria's export earnings are from oil?

  95%
• What are the most prominent industries in Nigeria?

  1. Oil

  2. Manufacturing cars

  3. Cement

  The thriving industry attracts FDI stimulating economic growth
• What was the total GDP in 2006?

  100 billion
• What was the total GDP in 2015?

  600 billion
• Why does an increase in GDP not mean everyone is wealthier?

  Could be due to an increasing wealth divide in Nigeria. More rich could have moved into the country.
• Oil in Nigeria:

  1. Huge reserves

  2. Security issues with oil thieves

  3. Oil burned to refine = CO2

  4. Mangroves destroyed by pollution from crude oil

  5. Water is contaminated and fishermen lose jobs

  6. Damage to delta region with important wetland habitats
• Importance of Unilever in Nigeria:

  1. Investment in countries economy

  2. Jobs + higher wages = multiplier effect

  3. Expertise and skill brought to country

  4. Access to world market

  5. New technology = economic development

  6. Attracts FDI
• Disadvantages of Unilever in Nigeria:

  1. Environmental damage and depletion of resources

  2. TNC's can withdraw investment

  3. Wages are low

  4. profits given to shareholders (leakage)
• What proportion of Nigerians live below the poverty line?

  1/3