Economic World – Nigeria Case Study (NEE)

Nigeria location

West Africa, on the Gulf of Guinea

Nigeria type

NEE

Nigeria population

About 206 million

Nigeria global importance

27th largest economy; produces ~2.2% of world's oil

Nigeria regional importance

Largest population and GDP in Africa

Nigeria economy change

Shifting from agriculture to industry and services

Nigeria oil

Accounts for about 90% of export earnings

Manufacturing in Nigeria

About 13% of GDP; creates jobs and tax

Multiplier effect in Nigeria

Jobs create more jobs as money is spent locally

TNC example in Nigeria

Shell

Advantages of TNCs in Nigeria

Jobs; training; infrastructure; tax

Disadvantages of TNCs in Nigeria

Oil spills; pollution; profits leave country

Nigeria exports

Oil, cocoa, rubber

Nigeria imports

Cars, machinery, electronics

Nigeria poverty

About 60% live in poverty

Reason Nigeria needs aid

Poor services and inequality

Environmental issue in Nigeria

Oil spills damage farmland and fishing (Niger Delta)

Deforestation in Nigeria

Rainforest loss reduces biodiversity