Post on 12-Feb-2017
Country Report Nigeria By: Erin McQuillan
Nigeria
represents unity and peace
Represents the forests
Represents the
abundant natural
wealth of the
country
Introduction• Population: 173.6 Million • Capital: Abuja• Currency: Naira • Official Language: English
Religion
50%40%
10%Religion In Nigeria
MuslimChristianIndeginous Beliefs
Geography Republic of Nigeria Total Area: 923,768 sq. km
Land: 910, 768 sq. km Water: 13,000 sq. km
Twice the size of California Main rivers are the Niger and the Benue
Geography Climate: equatorial in the south, tropical
in the central, and arid in the north. Terrain: ranges from southern lowlands,
central hills, plateaus, mountains, and plains.
Natural resources: gas, petroleum, tin, iron ore, coal, limestone, lead, zinc, and arable land.
Natural Hazards: flooding, droughts
Economy Africa’s largest economy with 2013 GDP at
US $502 billion Oil is the leading source even with a
reduction in 2012 due to security risks Companies limited spending due to the
country’s unsafe and risky conditions. Economy has grown 6-8% due to
agriculture and telecommunications Poverty levels over 62%
Strengths
Considerable agriculture potential
Population Low foreign Debt Largely
consolidated banking sector
Weaknesses
Dependent on Oil Ethnic and
religious tensions Unemployment Poverty Inadequate health
and education systems
Corruption Reduced Refining
Capacity
Economy - Growth GDP – per capita: Increase from 2012:
$2,700 to 2013: $2,800 GDP –growth rate: Decrease from 2012:
6.6% to 2013: 6.2% Unemployment: Increase from 2007:
4.9% to 2011: 23.9% Exports: Decrease from 2012: $95.68
billion to 2013: $93.55 billion Imports: Increase from 2012: $53.36
billion to 2013: $55.98 billion
Hofstede Centre• Power Distance: Accept a hierarchal order• Indulgence: Optimistic, Value Leisure Time• Pragmatism: Very Normative
Exports Worth $93.55 billion in goods and services 95% petroleum and petroleum products Other 5% rubber and cocoa Export Partners:
US- 16.8% India-11.5% Netherlands-6.8% Spain 7.8% Brazil- 7.6% UK- 5.1%
Imports Worth $55.98 billion in goods and services Imports machinery, chemicals, transport
equipment, manufactured goods, food and live animals.
Import Partners: China-18.3% US-10.1% India- 5.5%
Government Federal Republic Gained independence on October 1 1960
from the UK In 1999 changed from military rule to
civilian government Mixed Legal system of English Common
Law, Islamic Law, and Traditional Law
Government Nigeria’s Government has an Executive
Branch, Legislative Branch, and Judicial Branch
Presidential election every 4 years 4 year term (eligible for 2nd term) Executive Branch:
Chief of State/President: Jonathan Goodluck Vice-President: Mohammed Namadi Sambo
Military Nigerian Armed Forces: 77,100
Army: 80.4% Navy 7.3% 12.3% Air Force
Conflict Religious Conflict Ethnic Conflict Boko Haram: March 2014-present
Kidnapping of 280 school girls Caused anti-government protests
Culture Over 250 Ethnic groups:
Hausa: 29% Fulani: 29% Yoruba: 21% Igbo: 18% Ijaw: 10% Kanuri: 4% Ilbibio: 3.5% Tiv: 2.5%
Culture: Working In Nigeria:
Nigerian Coworkers could ask what do you have for me instead of good morning. Be prepared to give something away.
Be weary of lending money to coworkers Nigerian coworkers could abandon you if a
problem occurs. Sometimes you have to build relationships for
months before you get the racist stigma off of you.
Avoid shaking hands with elders as a sign of respect.
Visiting Muslim Houses, always give warning Exchange all currency before returning to US
Companies Shell:
Operated in Nigeria for over 50 years Produce oil and gas from the Niger Delta and
the Gulf of Guinea 25.6% stake in Nigeria 30,000-40,000 jobs at all times
Chevron: Third largest oil producer in Nigeria Joint-venture with Nigerian National
Petroleum Corporation Covers 2.2 million acres in the Niger Delta
Thank You! Any Questions?