Nigeria 's Economy And Natural Resources Essay

1592 WordsSep 12, 20167 Pages
Introduction Nigeria is the most populated country in Africa and the seventh most populated country in the world. It has the 20th largest economy in the world with a $500 billion to $1 trillion Gross Domestic Product (GDP) with an emerging market and large oil and limestone natural resources. This is significant knowing that limestone is a mineral source that is used in most products you use every day including paper, bottles, paint, building supplies, and food. (WIKIPEDIA, 2015) Through maximum exploration and exploitation, Nigeria can earn more foreign exchange to complement its earnings. In addition, the utilization of this product will create job opportunities for unemployed Nigerians and act as a job multiplier for other industries and business. Nigeria’s economy and natural resources place them in a position to become one of the largest economies in the world. Current Events Since 2002, the Northeast portion of the country has seen a rise in sectarian violence from Boko Haram, an Islamic organization whose goal is to remove the current government and establish Sharia Law. During the last three years, this group has focused on murder, human trafficking, and kidnapping both girls for ransom and young males to train and fight. On 7 July 2014, 63 woman kidnapped by Boko Haram escaped their captors and approximately 200 schoolgirls are still being held. This situation has garnered outrage around the world. Even reaching the Whitehouse with support from the First Lady, Mrs.
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