The economy, people and land of Nigeria

Introduction Nigeria is a country located on the sloping trough of western United Statesboundbound 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 king-size in size--it is bigger than the U.S. state of Texas--it is also Africas most populous country. However, Nigerias most several(a) 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 preservation 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 ground rock oil price increases from 1973 produced rapid economic maturation in transportation, construction, manufacturing, and authorities s ervices. Because this led to a great teddy of rural people into the larger urban centres, country outturn stagnated to such an period that cash crops like palm oil, peanuts (groundnuts), and like were no long-lasting significant export commodities; in addition, from slightly 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 firmament has been in act crisis because of the fluctuating world oil market. Although some(prenominal) of the popu lation remained tenanted in farming, too li! ttle solid food was produced, requiring increasingly dear(p) imports. The various governments (most of them military-run) have dealt with this problem by ban 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 pauperism to plump a full essay, order it on our website: OrderCustomPaper.com

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