Country Report Nigeria By: Erin McQuillan

Nigeria

represents unity and peace

Represents the forests

Represents the

abundant natural

wealth of the

country

Introduction• Population: 173.6 Million • Capital: Abuja• Currency: Naira • Official Language: English

Religion

50%40%

10%Religion In Nigeria

MuslimChristianIndeginous Beliefs

Geography Republic of Nigeria Total Area: 923,768 sq. km

Land: 910, 768 sq. km Water: 13,000 sq. km

Twice the size of California Main rivers are the Niger and the Benue

Geography Climate: equatorial in the south, tropical

in the central, and arid in the north. Terrain: ranges from southern lowlands,

central hills, plateaus, mountains, and plains.

Natural resources: gas, petroleum, tin, iron ore, coal, limestone, lead, zinc, and arable land.

Natural Hazards: flooding, droughts

Economy Africa’s largest economy with 2013 GDP at

US $502 billion Oil is the leading source even with a

reduction in 2012 due to security risks Companies limited spending due to the

country’s unsafe and risky conditions. Economy has grown 6-8% due to

agriculture and telecommunications Poverty levels over 62%

Strengths

Considerable agriculture potential

Population Low foreign Debt Largely

consolidated banking sector

Weaknesses

Dependent on Oil Ethnic and

religious tensions Unemployment Poverty Inadequate health

and education systems

Corruption Reduced Refining

Capacity

Economy - Growth GDP – per capita: Increase from 2012:

$2,700 to 2013: $2,800 GDP –growth rate: Decrease from 2012:

6.6% to 2013: 6.2% Unemployment: Increase from 2007:

4.9% to 2011: 23.9% Exports: Decrease from 2012: $95.68

billion to 2013: $93.55 billion Imports: Increase from 2012: $53.36

billion to 2013: $55.98 billion

Hofstede Centre• Power Distance: Accept a hierarchal order• Indulgence: Optimistic, Value Leisure Time• Pragmatism: Very Normative

Exports Worth $93.55 billion in goods and services 95% petroleum and petroleum products Other 5% rubber and cocoa Export Partners:

US- 16.8% India-11.5% Netherlands-6.8% Spain 7.8% Brazil- 7.6% UK- 5.1%

Imports Worth $55.98 billion in goods and services Imports machinery, chemicals, transport

equipment, manufactured goods, food and live animals.

Import Partners: China-18.3% US-10.1% India- 5.5%

Government Federal Republic Gained independence on October 1 1960

from the UK In 1999 changed from military rule to

civilian government Mixed Legal system of English Common

Law, Islamic Law, and Traditional Law

Government Nigeria’s Government has an Executive

Branch, Legislative Branch, and Judicial Branch

Presidential election every 4 years 4 year term (eligible for 2nd term) Executive Branch:

Chief of State/President: Jonathan Goodluck Vice-President: Mohammed Namadi Sambo

Military Nigerian Armed Forces: 77,100

Army: 80.4% Navy 7.3% 12.3% Air Force

Conflict Religious Conflict Ethnic Conflict Boko Haram: March 2014-present

Kidnapping of 280 school girls Caused anti-government protests

Culture Over 250 Ethnic groups:

Hausa: 29% Fulani: 29% Yoruba: 21% Igbo: 18% Ijaw: 10% Kanuri: 4% Ilbibio: 3.5% Tiv: 2.5%

Culture: Working In Nigeria:

Nigerian Coworkers could ask what do you have for me instead of good morning. Be prepared to give something away.

Be weary of lending money to coworkers Nigerian coworkers could abandon you if a

problem occurs. Sometimes you have to build relationships for

months before you get the racist stigma off of you.

Avoid shaking hands with elders as a sign of respect.

Visiting Muslim Houses, always give warning Exchange all currency before returning to US

Companies Shell:

Operated in Nigeria for over 50 years Produce oil and gas from the Niger Delta and

the Gulf of Guinea 25.6% stake in Nigeria 30,000-40,000 jobs at all times

Chevron: Third largest oil producer in Nigeria Joint-venture with Nigerian National

Petroleum Corporation Covers 2.2 million acres in the Niger Delta

Thank You! Any Questions?