16 terms

GCSE The industrial structure of Nigeria

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Industrial Structure
The percentage ofpeopleworking in primary, secondary, tertiary and quarternary industries respectively
Primary Industry
An industry that include gathering raw materials (farming, fishing, mining)
Secondary Industry
An industry that involves ,anufacturing or turning raw materials into finished products
Tertiary industries
Involve service industries
Quarternary Industries
Knowledge-based part of the economy, which typically includes services such as information technology, information generation and sharing, media, and research and development, as well as knowledge-based services
HICs
Tend to have the majority of their jobs and GDP from Teriary and secondary industries
LICs
Tend to have the majority of their jobs in primary industries
NEEs
Tend to have increasing amounts of their jobs and GDP in secondary and tertiary industries, moving away from primary industries
Nigeria
Is shifting from mainly PRIMARY based economy, to one which making more money or GDP from manufacturing or secondary industries and more services
In the past
Nigeria was reliant on farming and extractive industries such as oil and gas
$5,360
the GNI of Nigeria - it is a Middle Income Country that is also a Newly Emerging Economy (NEE)
7%
The rate at which the economy of Nigeria grew at per year every year for over a decade (2004-2014).
60 million
People in Nigeria live below the poverty line
Reason for growth in economy
Large domestic market
Nigeria economy in 1975
Nigeria economy in 2014
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