High Points:
}--The population of Nigeria is nearing 155 million people, which comes to 25% of the continents total population.
}--This has experienced a dramatic increase since the 1960's
}-- Fertility rate is nearing 5.6 births per woman (2010)
Nigerian Background
Colonialism is a major feature of the economic history of Nigeria. Britain eventually gained control of Nigerian administration. After independence, the Nigerian economy seemed very promising due to a large population , with 25% of Africa's population, and growing economic activity. (Population typically plays a key role in a nations economic development, an example of this being china). However, this potential never materialized. A series of unfortunate political and economic events have stalled Nigerian growth. Particularly the extreme levels of corruption that affected the lucrative oil industry of the nation, frequently taking hostages and stealing oil reserves. The country still plays an important economic role in the world, especially as a major producer of fossil fuels
No comments:
Post a Comment