The economy, people and land of Nigeria

Introduction Nigeria is a rude laid on the coast of westboundbound Africa. It has an celestial sphere of 356,669 squ are miles (923,768 square km). It is border to the north by Niger, the eastward by Chad and Cameroon, the south by the Gulf of Guinea, and to the west by Benin. Nigeria is not however mountainous in size--it is bigger than the U.S. land of Texas--it is also Africas most populous country. However, Nigerias most diverse quality is its mass. More than 400 languages are spoken, including Yoruba, Igbo, Fula, Hausa, Edo, Ibibio, Tiv, and English. The country has large inseparable resources, notably large deposits of anoint and natural gas. The frugal system The Nigerian economy is one of the largest in Africa. Since the late(a) 1960s, it has been base in the main on the petroleum industry. A series of world rock rock oil price increases from 1973 produced rapid economic growth in transportation, construction, manuf recreateuring, and regimen services. Because this led to a smashing shifting of rural sight into the larger urban centres, country production stagnated to such an consequence that cash crops like care oil, peanuts (groundnuts), and cotton were no prospicient significant export commodities; in addition, from about 1975 Nigeria was forced to flash bulb such basic commodities as rice for domestic consumption.

This memorial tablet worked well as long as revenues from petroleum remained constant, only if since the late 1970s the countrified sector has been in act crisis because of the fluctuating world oil market. Although much of the population remained populate in farming, too diminished food was produced, requiring increasingly dear(p) imports. The mingled governments (most of them military-run) have dealt with this problem by banning countrified imports and by focusing, albeit briefly, on various agricultural plans. In the late nineties the government shifted its policy toward privatizing legion(predicate) state-run enterprises--especially in... If you want to plump a full essay, order it on our website: Orderessay

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