Changing industrial structure, politcal relationships and trading links /

By when is Nigeria predicted to be one of the top 20 economies in the world?

2050

Why is Nigerias economy able to grow so quickly?

Youthful population who are able to provide a skilled labour force

How has Nigerias economy changed?

From mainly and agricultural economy to having over 50% of its GDP coming from manufacturing and service industries

What happened to Nigerias economy in 2011?

It doubled

Examples of fast growing industries within Nigeria?

Telecommunications, retail and the film industry

Why is manufacturing important?

Provides regular paid work, creates a large home market for goods, attracts foreign investment, leads to greater tax revenues - overall a positive multiplier effect

What does manufacturing do for other companies?

Stimulates their growth

TNC

Transnational Corporations are companies which operate in several countrues, with a hq in one country and production plants in several others

Shell (TNC) - When did the oil boom in Nigeria take off?

1970s

Shell (TNC) - When did Shell start exporting oil from the Niger Delta?

1958

Shell (TNC) - Prior to the discovery of oil, what did Nigeria rely on for most of its exports?

Agriculture

Shell (TNC) - How much of the countrys export revenues are rooted in oil?

90%

Shell (TNC) - Is Nigerian oil of an especially high quality?

Yes

Shell (TNC) - TNCs encourage what from abroad?

Investment

Shell (TNC) - What do TNCs bring to countries allowing further economic development?

New tech

Shell (TNC) - How many Nigerian workers are employed by Shell?

65000

Shell (TNC) - What are the working conditions sometimes like for those working for TNCs?

Poor

Shell (TNC) - What can the oil industry release that is toxic for the environment?

Oil flares, toxic fumes

Shell (TNC) - Are those employed by TNCs always well paid?

No

Political Links - What internationa organisations is Nigeria a valued member of?

African Union (for economic planning and peacekeeping)
ECOWAS (Economic Union of West African States)
UN (Nigeria is important in peacekeeping)

Trading Links - Nigerias trading links with Britain have changed. What was this relationship like in 1650?

The British enslaved African people and took them to America and the Caribbean

Trading Links - Nigerias trading links with Britain have changed. What was this relationship like in 1807?

After slavery became illegal, trade shifted to mainly palm oil, which the British used to make soap

Trading Links - Nigerias trading links with Britain have changed. What was this relationship like now?

Nigeria gained independence in 1960, now Nigeria trades natural commodities and imports manufactured goods

Trading Links - What are Nigerias top exports?

Oil, machinery, chemicals and transport equipment

Trading Links - Who are Nigerias main import trading links?

China, USA, India and the Netherlands

Trading Links - Who are Nigerias mains export trading links?

USA, India, Spain and Brazil

China is a main trading partner of Nigeria, how does this benefit both countries?

China gains more resources for its growing population as it can no longer provide all that it needs for it
Nigeria gains investment in infrastructure from China

In which countries has China invested the most money in?

Nigeria, Ghana, Zambia and Tanzania

What types of investment has China made in Nigeria?

Infrastructure (transport and power) and oil drilling

China proposed to build a new railway along the coast of the Niger Delta. How could this have helped economic development?

Provides a transport route for goods, meaning the manufacturing industry can benefit