Nigeria a newly emerging economy

Transcription

1 Student activities Nigeria s economic growth Task Complete the following paragraph by filling in the missing words from the box below: Nigeria is Africa's largest... although it is a middle income country the GDP per capita is $6,000. Its population of 173 million is the largest in... and is growing rapidly. Oil has been the main source of income and... revenues since the 1970s. Oil is still one of the major exports but new industries are doing well, e.g. the... industry. Nigeria has been called a... because its economy is growing GDP is growing at a rate of 4-5% each year. Nigeria is a... country (Mexico, Indonesia, Nigeria and Turkey), a group of countries who have growing populations and who are trading more with other countries. Currently, Nigeria doesn t have a balanced economy because the country still relies on the... sector (oil and farming) for growth and so is at risk from commodity... falls. Word box primary price economy Africa MINT government film NEE Draw a line graph to illustrate Nigeria s GDP annual growth % between 1991 and Year GDP annual growth % forecast Page 1 of 6

2 The Multiplier effect Draw your own diagram to show how the multiplier effect can stimulate economic development. Add annotations to fully explain your diagram: Page 2 of 6

3 GDP per capita 1920s 1930s 1940s 1950s 1960s 1970s 1980s 1990s 2000s 2010s Time Page 3 of 6

4 Cut out the following statements and arrange them onto the graph, showing where you think they fit along the time line. Popoola starts work in a new car assembly factory which has opened in Ibadan. Lewa moves to Lagos to work in a newly opened factory making household products. Chinwe s latest film is earning money abroad. Tujuka is happy that she can now afford to buy a new smartphone with her wages from her new job as a manager in an IT company. Jean works long hours on the farm on a very low wage. Mobo gets a job working in the Niger Delta drilling for oil Cut out the following statements and arrange them onto the graph, showing where you think they fit along the time line. Popoola starts work in a new car assembly factory which has opened in Ibadan. Lewa moves to Lagos to work in a newly opened factory making household products. Chinwe s latest film is earning money abroad. Tujuka is happy that she can now afford to buy a new smartphone with her wages from her new job as a manager in an IT company. Jean works long hours on the farm on a very low wage. Mobo gets a job working in the Niger Delta drilling for oil Cut out the following statements and arrange them onto the graph, showing where you think they fit along the time line. Popoola starts work in a new car assembly factory which has opened in Ibadan. Lewa moves to Lagos to work in a newly opened factory making household products. Chinwe s latest film is earning money abroad. Tujuka is happy that she can now afford to buy a new smartphone with her wages from her new job as a manager in an IT company. Jean works long hours on the farm on a very low wage. Mobo gets a job working in the Niger Delta drilling for oil Page 4 of 6

5 Teacher notes Slides 2-4 Read the information, discuss with the class and complete the fill in the gaps activity on the worksheet: Answers: Nigeria is Africa's largest economy although it is a middle income country the GDP per capita is $6,000. It s population of 173 million is the largest in Africa and is growing rapidly. Oil has been the main source of income and government revenues since the 1970s. Oil is still one of the major exports but new industries are doing well, e.g. the film industry. Nigeria has been called a NEE because its economy is growing GDP is growing at a rate of 4-5% each year. Nigeria is a MINT country (Mexico, Indonesia, Nigeria and Turkey) - a group of countries who have growing populations and who are trading more with other countries. Currently, Nigeria doesn t have a balanced economy because the country still relies on the primary sector (oil and farming) for growth and so is at risk from commodity price falls. Activity: Draw a line graph to illustrate Nigeria s GDP annual growth % between 1991 and The answer for the graph is shown on the PPT. Discussion task: Suggest why Nigeria has been called a newly emerging economy. Nigeria has been called a NEE because it s economy is growing GDP is growing at a rate of 4-5% each year. Nigeria s main exports are petroleum, cocoa and rubber which are raw materials but new industries, e.g. the film industry are beginning to contribute to exports to other countries particularly in Africa. Nigeria is a MINT country (Mexico, Indonesia, Nigeria and Turkey)- a group of countries who have growing populations and who are trading more with other countries. Slide 5 and 6 How manufacturing industry can stimulate economic development. Read the information and discuss with the class. Use the diagram of the multiplier effect to explain how manufacturing industry can stimulate economic development. The multiplier effect is a virtuous circle. The opening of a new company leads to employment and more income going into the local area. This in turn stimulates new industries and further economic growth. Slide 7 and 8 Nigeria can follow the Asian Tigers model. Read the information and discuss with the class. Discussion question: Account for the industrial development that occurred in south-east Asian countries in the 1980s. Industrial development occurred in these countries because their governments used policies to help the development of their countries and to move their people out of poverty. They encouraged companies to start manufacturing products. Initially these factories made products Page 5 of 6

6 from the local raw materials. Later on they started to make the products they would usually import. As the companies grew they produced goods for export. Slide 9 Three steps to industrial development. Read the information and discuss with the class. Consider the stages that a country can go through to achieve industrial development. Step1: Change from being a traditional society where most people work in primary industry. Step 2: Import substitution a country makes their own products rather than import them. Step 3: Export orientation a country earns money by exporting goods and services. Slides 10 and 11 Living graph activity: Students to read the different statements and then place them at the right place along the timeline. Answers should be something like the following: Page 6 of 6