The video “Lagos/Koolhas” does a great job of portraying the country of Lagos Nigeria which is a rapidly expanding city with very few resources to actually handle this rapid growth. Much like in other undeveloped countries these rapid development is resulting in many individuals living in slum conditions with few options for work. The difference between Lagos and other developing cities is Lagos is now considered a Mega-city an as of 2014 has a population of 24 million people, making it the largest
natural resources. However, the countries that make up Africa and the people living in these countries are known to be living in devastating poverty. How can it be that this plentiful continent of natural resources, Africa’s people are living in poverty and living in the poorest conditions? With Africa being such a rich continent of natural resources why are the countries within Africa so poor? Take for instance, the countries Ghana and Nigeria There are many countries within Africa but the main focus
Nigeria obtained their independence from Britain on 1st October 1960. Within the country of Nigeria, they have over 371 tribes, but the main three that is well known are, Igbo, Hausa, and Yoruba. Within those 371 tribes, they have 521 languages. Nigeria is well known for their petroleum, and they have other natural resources include tin, iron ore, coal, limestone, niobium, lead, zinc and arable land. The maximum crude oil production capacity of Nigeria is 2.5 million barrels per day, and the whole
Executive Summary This project focuses on existing problems, importance of efficient the country risk of Nigeria. In this regard we have identified their culture, people, economy, investment, opportunity, some key problems like Corruption, bureaucracy, piracy, Counterfeit, Criminal activities and fraud, legal safeguards etc. This paper also intends to show the regulatory framework issue, micro economic and macroeconomic issue to give a detailed picture of the Nigerian business Risk. But there
Country Portfolio of Nigeria When you look at the continent of Africa, there is a country on the west coast called Nigeria. It is officially known as the Federal Republic of Nigeria, it’s capital is Abuja and it has the largest population among African countries. The total population in Nigeria was estimated at 181.5 million people in 2014, according to the latest census figures. The country achieved independence in 1960 from Great Britain and has struggled economically, socially and politically
One of the best ways to succeed in life is to work together. Unfortunetly for Nigeria, the lack of this characteristic has been endlessly causing it problems for years. The quarrel between the Muslims in the north and the Christians in the south has been constantly growing. This has recently led to very violent acts of protest and the taking of thousands of innocent lives. These acts of terrorism by northern Nigerian Islam extremists are becoming much more frequent because of a rather newly created
Nigeria got their independence from Britain on 1st October, 1960. Within the country of Nigeria, they have over 371 tribes, but the main three that is well known are, Igbo, Hausa, and Yoruba. Within that 371 tribes, they have 521 language. Nigeria is well known for their petroleum, and they have other natural resources include natural gas, tin, iron ore, coal, limestone, niobium, lead, zinc and arable land. The maximum crude oil production capacity of Nigeria is 2.5 million barrels per day, and the
Nigeria is a country in the Western part of Africa. It is one of the earliest countries to be exposed to European influence. There are three major tribes, Igbos, Yorubas and Hausas. Social status in the world in very important, It is portrayed in different forms. However, it is crucially used in Africa, the Igbos exhibit their social status with titles. In Chinua Achebe’s novel “Things fall apart”, he beautifully describes the tragic fall of the Umuofia people of the Igbo tribe in the southern part
Nigeria: A Country Headed in the Right Direction Imagine throwing several different groups of people, all of whom have nothing in common and all of whom have different beliefs and follow different morals and ideals, and forming one nation out of them. Now, imagine trying to govern this nation as one cohesive unit. This is exactly what Great Britain tried to do in the formation of Nigeria over a period of time spanning from the days of the slave trade until October 1, 1960, when Nigeria eventually
Nigeria, the most populous African country, with enormous potential in agriculture. If well managed, has the potential to become a global powerhouse through agro-industrialization. Agriculture, presently contributes less than 28% of the GDP of Nigeria, ironically holds the key for the accelerated growth and diversification and job creation for Nigerian economy. No country of the world has moved to industrialized economy status without passing through the transformation of the agricultural sector