§5.4 Opportunities and threats for Nigeria part 1

• Aardrijkskunde
• Middelbare school
• vwo
• Leerjaar 2

§5.4 Kansen en bedreigingen voor Nigeria

§5.4 Opportunities and threats for Nigeria part 1

Program

1. Quiz
2. Video
3. New notes
4. Homework

Why is Nigeria interesting for a company to locate?

1. Nigeria has a high GDP
2. Nigeria has a large labour force
3. Nigeria has a lot of boomers
4. Nigeria has no rules

What is regional inequality?

1. Everyone earns the same amount
2. Differences in precipitation over a given area
3. Differences in wealth between one area and another
4. I don't know the answer

What is not a profession in the informal sector?

1. Cigarette vendor
2. Farmer
3. Newspaper seller
4. Shoe polisher

Afghanistan is a(n)

1. emerging country
2. developing country
3. rich country
4. BRIC country

Nigeria is a(n)

1. developing country
2. emerging country
3. rich country
4. BRIC country

Growing sales market matches next dimension...

1. politics
2. natural
3. socio-cultural
4. economic

What is one cause of much poverty in Nigeria despite oil?

1. Corruption
2. Little profit
3. Low exports
4. Low production

In Nigeria, many people work in ...........

1. oil industry
2. informal sector
3. agriculture
4. construction

Nigeria has a large outlet, this is a weakness of Nigeria

1. Correct
2. Incorrect
3. Arsenal is the best football club
4. Mr White is weird

§5.4 Opportunities and threats for Nigeria 

What are the opportunities and threats from abroad for Nigeria's development?

Learning objectives §5.4

• What the advantages and disadvantages of free world trade are for Nigeria
• What are the pros and cons of having many Nigerians working abroad

• How Nigeria is being helped with development cooperation
• What are the pros and cons of foreign investment in Nigeria

How do you think Nigeria could become a richer country?

Free trade

Global free trade

= System in which all the countries of the world can trade with one another without restrictions or interference

Example: I produce milk and I can also sell the milk in Germany without any problems from the German government. 

But not everyone is happy about that? How about that? 

Global free trade

Sounds nice, but doesn't work in reality:

*Countries are played off against each other

Result:

*Import duties to protect their own industry

Import duties

To protect its own market, the other country introduces import duties = Tax on products imported into a country.

Example: If I want to sell my milk in Germany I suddenly have to pay 20 cents per liter if I want to sell it

Nigerian car 

Police cars in Nigeria

Imported from the Netherlands

Working Abroad

Many Nigerians work abroad.

High educated/low educated?

Why a lot in America and Europe? 

Why should they work abroad?

Working Abroad

Highly educated people can work abroad

• earn more
• career
• work "at their level"
• Speak the English language

Why is this a disadvantage? And why is this an advantage?

Working in the 

abroad

Many highly educated Nigerians work abroad =  braindrain.

The money they send to Nigeria is called remittances.

Homework part 1

Read §5.4

Make assignments

• 1a, 2
• 3abcd
• 4abcdeg