Nigeria, Oil Nigeria, Oil &&

Economic Economic UnrestUnrest

Nigeria, Oil Nigeria, Oil &&

Economic Economic UnrestUnrest

Reid Carroll, and Lizzy Reid Carroll, and Lizzy GalvinGalvin

Nigeria’s GeographyNigeria’s Geography

Western Africa, bordering the Gulf Western Africa, bordering the Gulf of Guinea, between Benin and of Guinea, between Benin and Cameroon.Cameroon.

Slightly more than twice the size Slightly more than twice the size of California.of California.

It has 853 km of coast line.It has 853 km of coast line. Two major natural hazards are the Two major natural hazards are the

periodic droughts, and the periodic droughts, and the flooding.flooding.

Western Africa, bordering the Gulf Western Africa, bordering the Gulf of Guinea, between Benin and of Guinea, between Benin and Cameroon.Cameroon.

Slightly more than twice the size Slightly more than twice the size of California.of California.

It has 853 km of coast line.It has 853 km of coast line. Two major natural hazards are the Two major natural hazards are the

periodic droughts, and the periodic droughts, and the flooding.flooding.

Map of NigeriaMap of Nigeria

NigeriaNigeria

Nigerian PeopleNigerian People

Nigeria’s population is Nigeria’s population is 137,253,133.137,253,133.

0-14 years:0-14 years: male 29,985,427; male 29,985,427; female 29,637,684female 29,637,684

15-64 years:15-64 years: male 37,502,756; male 37,502,756; female 36,205,442female 36,205,442

65 years and over:65 years and over: male male 1,944,260; female 1,977,564 1,944,260; female 1,977,564

Nigeria’s population is Nigeria’s population is 137,253,133.137,253,133.

0-14 years:0-14 years: male 29,985,427; male 29,985,427; female 29,637,684female 29,637,684

15-64 years:15-64 years: male 37,502,756; male 37,502,756; female 36,205,442female 36,205,442

65 years and over:65 years and over: male male 1,944,260; female 1,977,564 1,944,260; female 1,977,564

Nigerian CultureNigerian Culture

Over 250 languages spoken, and Over 250 languages spoken, and over 250 ethnic groups.over 250 ethnic groups.

The official language in Nigeria The official language in Nigeria is English, but less than half of is English, but less than half of the people actually speak the people actually speak English.English.

The Most commonly used The Most commonly used languages are Hausa, Yoruba, languages are Hausa, Yoruba, Igbo (Ibo), and Fulani.Igbo (Ibo), and Fulani.

Over 250 languages spoken, and Over 250 languages spoken, and over 250 ethnic groups.over 250 ethnic groups.

The official language in Nigeria The official language in Nigeria is English, but less than half of is English, but less than half of the people actually speak the people actually speak English.English.

The Most commonly used The Most commonly used languages are Hausa, Yoruba, languages are Hausa, Yoruba, Igbo (Ibo), and Fulani.Igbo (Ibo), and Fulani.

Nigerian Culture (cont.)Nigerian Culture (cont.)

The common religions are Muslim 50%, Christian 40%, and indigenous (native) beliefs 10%.

Out of the 250 ethnic groups, the most populous and politically influential: Hausa and Fulani , Yoruba , Igbo (Ibo) , Ijaw , Kanuri , Ibibio, and Tiv.

The common religions are Muslim 50%, Christian 40%, and indigenous (native) beliefs 10%.

Out of the 250 ethnic groups, the most populous and politically influential: Hausa and Fulani , Yoruba , Igbo (Ibo) , Ijaw , Kanuri , Ibibio, and Tiv.

Nigeria’s Economy 2001Nigeria’s Economy 2001

Nigeria’s economy revolves around Nigeria’s economy revolves around oil.oil.

Economic growth: 3%Economic growth: 3% Inflation: 15%Inflation: 15% External Debt: $27 billionExternal Debt: $27 billion Population Below Poverty Line: 66%Population Below Poverty Line: 66% GDP (Gross Domestic Product) Of GDP (Gross Domestic Product) Of

Oil Exports: 45%Oil Exports: 45%

Nigeria’s economy revolves around Nigeria’s economy revolves around oil.oil.

Economic growth: 3%Economic growth: 3% Inflation: 15%Inflation: 15% External Debt: $27 billionExternal Debt: $27 billion Population Below Poverty Line: 66%Population Below Poverty Line: 66% GDP (Gross Domestic Product) Of GDP (Gross Domestic Product) Of

Oil Exports: 45%Oil Exports: 45%

Nigerian PovertyNigerian Poverty

Nigeria is one of the top Nigeria is one of the top twenty poorest countries twenty poorest countries in the world today.in the world today.

Poverty is still growing.Poverty is still growing. In 2001 66% of people in In 2001 66% of people in

Nigeria fall below the Nigeria fall below the poverty line to one dollar poverty line to one dollar a day.a day.

Poverty has risen greatly Poverty has risen greatly since 1985 when the since 1985 when the poverty fell below the poverty fell below the line 43%.line 43%.

Nigeria is one of the top Nigeria is one of the top twenty poorest countries twenty poorest countries in the world today.in the world today.

Poverty is still growing.Poverty is still growing. In 2001 66% of people in In 2001 66% of people in

Nigeria fall below the Nigeria fall below the poverty line to one dollar poverty line to one dollar a day.a day.

Poverty has risen greatly Poverty has risen greatly since 1985 when the since 1985 when the poverty fell below the poverty fell below the line 43%.line 43%.

Problems in NigeriaProblems in Nigeria

The Nigerian people are too poor The Nigerian people are too poor to afford expensive oil.to afford expensive oil.

Oil Prices are rising.Oil Prices are rising. Nationwide strikes were formed Nationwide strikes were formed

in hope that the government in hope that the government would lower the price of oilwould lower the price of oil..

The Nigerian people are too poor The Nigerian people are too poor to afford expensive oil.to afford expensive oil.

Oil Prices are rising.Oil Prices are rising. Nationwide strikes were formed Nationwide strikes were formed

in hope that the government in hope that the government would lower the price of oilwould lower the price of oil..

Nigeria Oil ProductionNigeria Oil Production Nigeria exports about Nigeria exports about

2.5 million barrels of 2.5 million barrels of oil everyday.oil everyday.

15% of the produced oil 15% of the produced oil is exported to the U.S.is exported to the U.S.

Nigeria is the largest Nigeria is the largest oil producing country oil producing country in Africa, and the sixth in Africa, and the sixth biggest producer in the biggest producer in the world todayworld today..

1.8 billion dollars is 1.8 billion dollars is made by the made by the government in government in exporting oil.exporting oil.

Nigeria exports about Nigeria exports about 2.5 million barrels of 2.5 million barrels of oil everyday.oil everyday.

15% of the produced oil 15% of the produced oil is exported to the U.S.is exported to the U.S.

Nigeria is the largest Nigeria is the largest oil producing country oil producing country in Africa, and the sixth in Africa, and the sixth biggest producer in the biggest producer in the world todayworld today..

1.8 billion dollars is 1.8 billion dollars is made by the made by the government in government in exporting oil.exporting oil.

Strikes in NigeriaStrikes in Nigeria The Nigeria Labor The Nigeria Labor

Congress organized Congress organized the nationwide strike.the nationwide strike.

The nationwide strike The nationwide strike effected most major effected most major businesses.businesses.

Clashes between Clashes between police, and protestors police, and protestors have resulted in have resulted in people dying. people dying.

Protestors cut Protestors cut through a major oil through a major oil pipeline, disrupting pipeline, disrupting supplies.supplies.

The Nigeria Labor The Nigeria Labor Congress organized Congress organized the nationwide strike.the nationwide strike.

The nationwide strike The nationwide strike effected most major effected most major businesses.businesses.

Clashes between Clashes between police, and protestors police, and protestors have resulted in have resulted in people dying. people dying.

Protestors cut Protestors cut through a major oil through a major oil pipeline, disrupting pipeline, disrupting supplies.supplies.

Effects of Higher Oil Prices Effects of Higher Oil Prices on the Economyon the Economy

The companies that joined the The companies that joined the strike lost money because the strike lost money because the businesses were closed.businesses were closed.

Higher oil prices means that Higher oil prices means that more money is spent on heat and more money is spent on heat and gasoline, that less money can be gasoline, that less money can be saved or spent on other things.saved or spent on other things.

The companies that joined the The companies that joined the strike lost money because the strike lost money because the businesses were closed.businesses were closed.

Higher oil prices means that Higher oil prices means that more money is spent on heat and more money is spent on heat and gasoline, that less money can be gasoline, that less money can be saved or spent on other things.saved or spent on other things.

Chart of rising oil pricesChart of rising oil prices

The worldwide price of oil has risen from about $20 per barrel in 1996 to $55 in 2004.

The worldwide price of oil has risen from about $20 per barrel in 1996 to $55 in 2004.

U.S. Import of Oil U.S. Import of Oil IncreasesIncreases

Importing oil into the U.S., plays a very important role on the economy. We produce oil, but not as much as the U.S.needs. Importing oil, enables us to use all of the oil we need.

Importing oil into the U.S., plays a very important role on the economy. We produce oil, but not as much as the U.S.needs. Importing oil, enables us to use all of the oil we need.

Increased Oil Prices Effect Increased Oil Prices Effect the Economies of Other the Economies of Other

CountriesCountries

The higher price of oil this year, The higher price of oil this year, has hurt the U.S. economy by has hurt the U.S. economy by $100 billion.$100 billion.

The higher oil price stops the The higher oil price stops the economy from growing.economy from growing.

If the price of oil keeps on rising, If the price of oil keeps on rising, the more the country has to pay the more the country has to pay for the same amount.for the same amount.

The higher price of oil this year, The higher price of oil this year, has hurt the U.S. economy by has hurt the U.S. economy by $100 billion.$100 billion.

The higher oil price stops the The higher oil price stops the economy from growing.economy from growing.

If the price of oil keeps on rising, If the price of oil keeps on rising, the more the country has to pay the more the country has to pay for the same amount.for the same amount.

What is The Government What is The Government Going to Do?Going to Do?

The strike (organized by the NLC) was meant to The strike (organized by the NLC) was meant to only last for four days, but the government only last for four days, but the government didn’t respond (lower prices), so the strike didn’t respond (lower prices), so the strike lasted up to, two weeks until the government lasted up to, two weeks until the government lowered prices.lowered prices.

The unions have tried to persuade the The unions have tried to persuade the government into supplying the county with government into supplying the county with fuel, but the government has been relying on fuel, but the government has been relying on importing oil that costs about $2 billion a year., importing oil that costs about $2 billion a year., but only 1.8 billion dollars is made by exporting but only 1.8 billion dollars is made by exporting oil to other countries. This means that the oil to other countries. This means that the country is losing money, by buying oil for more country is losing money, by buying oil for more money, than they are making.money, than they are making.

The strike (organized by the NLC) was meant to The strike (organized by the NLC) was meant to only last for four days, but the government only last for four days, but the government didn’t respond (lower prices), so the strike didn’t respond (lower prices), so the strike lasted up to, two weeks until the government lasted up to, two weeks until the government lowered prices.lowered prices.

The unions have tried to persuade the The unions have tried to persuade the government into supplying the county with government into supplying the county with fuel, but the government has been relying on fuel, but the government has been relying on importing oil that costs about $2 billion a year., importing oil that costs about $2 billion a year., but only 1.8 billion dollars is made by exporting but only 1.8 billion dollars is made by exporting oil to other countries. This means that the oil to other countries. This means that the country is losing money, by buying oil for more country is losing money, by buying oil for more money, than they are making.money, than they are making.

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http://www.theodora.com/flags/new13/nighttp://www.theodora.com/flags/new13/nigeria.giferia.gif