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AQA Changing Economic World - Nigeria NEE
Terms in this set (17)
Central-western African country, with a south-facing coastline and tropical climate, bordering Cameroon, Benin, Chand and Niger.
Newly Emerging Economy
Experiencing a period of rapid economic growth. Nigeria has the 21st largest economy in the world.
Nigeria's global and regional importance
Provides 2.7% of the world's oil, is the 5th largest contributor to UN peace-keeping forces, has the highest GDP in Africa, and is an example to the rest of Africa regarding development.
Nigeria - Politics
Became independent from the UK in 1960, had difficulties and civil wars until 1999, since then it has been stable, and has investment China, USA and South Africa as a result.
Nigeria - Culture and social
An ethnically diverse multifaith country. Some social disharmony has arisen more recently in contrasting part of the country, which has negatively impacted foreign investment confidence.
Nigeria - Environment
Contrasting tropical climates from hot and wet in the south - leading to tropical rainforests, through savannah and eventually semi-desert in the far north as rainfall reduces.
Nigeria - Wider world links
Member of: AU (African Union), OPEC (Organisation of Petroleum Exporting Countries), the UN, and is the Head of ECOWAS (Economic Community Of West African States).
Economic Structure change
Nigeria now has a balanced economy divided into 1/3 in primary, secondary and tertiary.
Growing manufacturing sector
Regular paid work raises local spending and creates more tax revenue, allows reinvestment in infrastructure which attracts foreign investment and growth
Transnational Corporations - large global companies - 40 operate in Nigeria; Unilever and Shell are two major ones.
Employment opportunities, investment in infrastructure, valuable export income earned, increased local spending.
Sometimes poorly paid, much profit goes abroad, limited number employed, grants could have been invested in Nigeria businesses.
Types of Aid
Assisting with emergency (short term) and developmental (long term) support.
Aid in Nigeria
Received 4% of all aid entering Africa. Mainly spent of health, and then infrastructure. Some corruption issues have reduced the effectiveness of aid reaching intended destination.
Environmental Impact of economic growth
Industrial growth has lead to widespread air and water pollution in cities, deforestation and desertification. Urban growth has lead to huge slums - home to millions in polluted cities. Mining and oil extraction has led to huge scale environmental damage.
Quality of life
Nigerians are experiencing a steady rise in quality of life (contentedness) as shown by the HDI improving constantly since 2000.
Inequality in Nigeria
Despite economic growth, the inequalities are very contrasting with tens of millions still in poverty. Corruption, social disharmony as well as a suffering environment all play a part.
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