The economy, people and land of Nigeria

Introduction Nigeria is a country located on the margin of westboundbound 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 expectant in size--it is bigger than the U.S. state of Texas--it is also Africas most populous country. However, Nigerias most diverse 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 rescue 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 humanness rock oil p strain increases from 1973 produced rapid economic harvest-time in transportation, construction, manufacturing, and authorities services. Because this led to a great unsteady of rural people into the larger urban centres, country fruit stagnated to such an period that cash crops like palm oil, peanuts (groundnuts), and cotton plant were no long-lasting significant export commodities; in addition, from about 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 celestial sphere has been in act crisis because of the fluctuating world oil market. Although a good deal of the population remained t enanted in farming, too little intellectual! nourishment was produced, requiring increasingly dear(p) imports. The various governments (most of them military-run) have dealt with this problem by outlaw 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 deprivation to plump a full essay, order it on our website: OrderCustomPaper.com

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