Nigeria

Geography

●Population: 181,562,056 people (8th largest)

●Area: 356668.82 sq. mi. (Almost twice the size of California)

●People per sq. mi.: 509

●Urbanization: 47.8% living in urban areas

●Deserts in the North, tropical forests in the south, mediate in the middle

Economy

●GDP: $1.049 trillion (purchasing power parity); $6,000 per capita

●Exports: $93.01 billion

○ Petroleum and petroleum products

○ Cocoa

○ Rubber

●Imports: $52.79 billion

○ Machinery

○ Chemicals

○ Transport Equipment

○ Food and Live Animals

●Labor Force: 70% agriculture, 10% industry, 20% services

●Inflation Rate: 9.40% (2007-2015)

The Nigerian Naira 1 dollar=198.95 naira

Key Problems

●Corruption in both governmental and private sectors

●Unemployment

●Health and Health Education

●Terrorism

●Natural Disasters and Environmental Detriments

Corruption

●At all levels including and mostly nationally

●Government officials taking bribes

●Extreme misuse of wealth and resources

○ 76% of oil revenue goes unaccounted for

●Rigged elections

○ Officials pay to win elections

○ First priority becomes making their money back that it took to win

●Current anti-corruption policies are failing

Unemployment

●Unemployment rate: 23.9% (2011 est.)

●Extreme overcrowding in large cities

●Educational incompetence

●Extreme competition for medial jobs

Health and Health Education

●HIV/AIDS

○ Very high risk; 3,228,600 living with HIV/AIDS

○ Worst problems facing Nigeria

●Water Quality

○ Very high risk of contracting disease through water

■ Diseases contracted: leptospirosis, schistosomiasis

●5.19 children per woman

●Life expectancy: 53 years

○ 43% of population is under 14

Terrorism

●Boko Haram

●Raiding villages in Northern Nigeria

●Refugees from neighboring countries are forced to join so they can survive

○ Came from floods and bad conditions in neighboring countries

●Boko Haram has killed more people than ISIS

Natural Disasters and Environmental Detriments●Flooding

○ Affected 30 of 36 of Nigeria’s states

○ Displaced over 100,000 Nigerians making most homeless

●Land Desertification

○ Ill farming practices have lead to the decline of arable farmland

●Oil Spills

○ Outdated infrastructure

○ Still not cleaned up

Development Plan

Divided into 3 Phases

●Phase 1: Economy

○ Bring oil companies in

○ Generate jobs in the petroleum industry

●Phase 2: Healthcare

○ Taxes from the oil industry will fund health clinics and health education campaigns

●Phase 3: Education

○ Funding coming from taxes on oil industry

○ Leads to development in other industries

Phase 1: Economy

Goals of Phase 1: Economy

●Interject money into economy by keeping money in Nigeria

●Create jobs and reduce unemployment

●Strengthen the power of the Nigerian currency (Naira) by reducing inflation

●Make Nigeria a global economic competitor

Oil Companies● Royal Dutch Shell Oil

● BP

● ExxonMobil

● Chevron

● Companies will take over current oil operations and agree to be honest in their earnings. They will enjoy a tax break for their co-operation.

● These companies have the money to invest in physical capital.

● The Nigerian army will help defend the oil wells from terrorists.

Effects of Phase 1: Economy

●Creation of jobs by the influx of labor needed to both operate the oil wells and surrounding industries: transportation and shipping, plastics manufacturing, oil refining, etc.

●Decrease of corruption in government because of the lack of need to “buy” elections.

●Decrease in inflation

●Increase in GDP, GNP, net exports, HDI, EFI

●Change from a more agriculture/sustenance based economy to a more industrial based economy

Phase 2: Healthcare

Phase 2: Healthcare

●Open government funded health clinics

●Start a campaign for education on HIV/AIDS contraction and prevention

●Make clean water more accessible

●Mobile crews for village to village care

●Funded by tax money from oil companies and Nigerian citizens income taxes

Effects of Phase 2: Healthcare

●Decrease in HIV/AIDS contraction, infant mortality rate

●Increase in expected lifespan, health expenditures, human development score index, population with access to clean water

Phase 3: Education

Phase 3: Education

●Increase in industry will constitute a championing of education to further one’s self

●Education will actually be useful because there will be jobs

●Teachers wages and school conditions will improve

●Mandatory attendance in school

Effects of Phase 3: Education

●Increase in R&D, number years compulsory education, number of internet users; therefore shifting from a more sustenance economy to a technological/industrial economy

●Literacy rate will skyrocket

Summary

This 3 phase development plan takes advantage of the human capital and natural resources that Nigeria has to offer to both improve quality of life and global economic standing; this also weeds out the corruption in the government while fighting terrorism that plagues the poorer parts of the country.