Nigeria case study

TNC's

where is it located

just above the equator in West Africa

north of the gulf of guinea, in the atlantic ocean

182 million people population

south-east of the UK

global importance

2.7% of all world’s oil- 12th largest supplier

5th largest contributor to UN peacemaking missions worldwide

diverse economy- financial services, telecommunications and medi

lagos is thriving global economic hub

2014- worlds 21st largest economy (it’s an NEE)

importance within africa

fastest growing economy in africa (highest GPD in africa, 2014)

third largest manufacturing sector

70% population employed in agriculture (highest farm output in Africa)

19 million cattle- largest in Africa

Nigeria leads way in Africa future development

Low levels of productivity, widespread issues on land ownership, corruption, and lack of infrastructure

economy

most economic growth in Nigeria based on oil exportations

oil accounts for 14% of countrys GDP, and 98% of export earning

manufacturing accounts for 10% of GDP, growing faster than telecommunications

manufacturing helped boost economy in several ways (e.g. regular paid work secure income, manufacturing industries stimulate growth through close links with eachother, thriving industry sector attracts international investments, oil processing led to range of chemical industries)

40 TNC’s in Nigeria

employment structure

since 1999 huge changes in countries industrial structure-

employment in agriculture fallen due to increase of machinery, and better pay in other sectors.

Industrialisation and economic growth under stable government caused increase employment in secondary sector.

growth of communications, retail and finance in tertiary sector

now employment between each sector is more balance

important context

europeans exploited Africa’s resources, including people who were traded as slaves

1960s many African countries gain independance

power struggle resulting in dictatorships and a civil war (1967-1970)

lack of political stability led to widespread corruption

only since 1999, country now has stable government, democracy voting (2011 and 2015) free and fair

several countries now investing in Nigeria e.g China, America