Factors influencing Nigeria's Growth

Geography: KS3, topic 4.4.5

The nature of trade between Nigeria and the world has changed since its previous status as a British colony.

Nigeria has the biggest agricultural output of any African country.
Mechanisation has meant that fewer people are needed to work the land.
Nigeria has seen a move towards manufacturing and services (secondary and tertiary jobs), particularly in IT.
Manufacturing has grown in Nigeria as there is a large and cheap workforce. As the economy grows there is an increased demand for goods.
Increased political stability in Nigeria also means that more countries are willing to become trading partners.

Transnational corporations (TNCs) are companies operating across many different countries.
They are also known as multinational companies (MNCs).
They usually have their headquarters in high-income countries and their production in low-income or newly-industrialising countries.

Some of the world’s largest TNCs are oil companies; such as Shell, Mobil and Total.
These oil TNCs have operated in Nigeria since the 1970s.
These large TNCs have constructed oil and gas drilling platforms around the Niger Delta in the south of the country.
Nigeria has the largest port in Africa which enables it to export oil easily using huge oil tankers.

Nigeria has a series of huge construction projects planned to boost the economy further.
These projects include various transport infrastructure schemes and hydroelectric dams.
The Calabar Railway aims to improve the movement of goods and services across Nigeria. It is expected to cost $11 billion.

Test yourself on Factors influencing Nigeria's Growth

What does TNC stand for?
When did the large oil TNCs start operating in Nigeria?
In which part of Nigeria have TNCs constructed oil and gas drilling platforms?
Nigeria has the biggest agricultural output of any African country.
True or False?