The economy, people and land of Nigeria

Introduction Nigeria is a country located on the rim of westerlyboundbound Africa. It has an area of 356,669 square miles (923,768 square km). It is bordered to the north by Niger, the east by Chad and Cameroon, the south by the Gulf of Guinea, and to the west by Benin. Nigeria is not only large-scale in size--it is large than the U.S. state of Texas--it is also Africas most populous country. However, Nigerias most versatile feature is its mass. More than 400 languages are spoken, including Yoruba, Igbo, Fula, Hausa, Edo, Ibibio, Tiv, and English. The country has large natural resources, notably large deposits of petroleum and natural gas. The prudence The Nigerian economy is one of the largest in Africa. Since the late(a) 1960s, it has been based in the main on the petroleum industry. A series of manhood rock oil p sieve increases from 1973 produced rapid economic step-up in transportation, construction, manufacturing, and authorities services. Because this led t o a great shift of rural people into the larger urban centres, country work stagnated to such an period that cash crops like palm oil, peanuts (groundnuts), and cotton were no long-lasting significant export commodities; in addition, from well-nigh 1975 Nigeria was forced to instant such basic commodities as rice for domestic consumption.

This governance worked well as long as revenues from petroleum remained constant, only if since the late 1970s the agricultural welkin has been in act crisis because of the fluctuating world oil market. Although more of the population remained tenanted in farming, too l ittle victuals was produced, requiring incr! easingly dear(p) imports. The various governments (most of them military-run) have dealt with this problem by inhibition agricultural imports and by focusing, albeit briefly, on various agricultural plans. In the late 1990s the government shifted its policy toward privatizing many state-run enterprises--especially in... If you wish to plump a full essay, order it on our website: OrderCustomPaper.com

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