The most obvious way to improve Nigeria’s economy is diversification of its economy. It is a theme that has been echoed among government officials in 2016, the need to move from the oil dependence which takes up over 90% of its foreign exchange earnings from oil (Economy Thwarts Buhari,2016) to a less oil-reliant economy. According to the UN a lack of diversification characterizes t...
... middle of paper ...
...than countries with fewer natural resource(Wiki, 2016) with oil being one of the most prominent destabilizer of a country; as evident of its history of violence, civil wars and corruption around the world (Micheal watts, 2004 ) . This is seen in Nigeria too where corruption, its civil war called Biafra war, the Niger Delta militant attacks because of the government mistreatment of this oil producing area are some of the issues that has plagued its history since oil (Micheal watts, 2004 ) . In some ways this recession is a blessing because it allows for the government to rethink its economic policies. My conclusion based on my research with the resources Nigeria has, is that diversification is key to economic revival, it will not only save the economy, it would reduce the volatility to any specific commodity rise and fall in prices and make it a developed country.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- Nigeria, a country that exalts itself as the “Giant of Africa”, viewed by neighboring countries as “big in words, little in action,” has an opportunity to walk softly, but carry a big stick. Islamic terrorist group, Boko Haram, which operates in the northern states of Nigeria, has arguably gained control of the area and has incited fear in many of northern Nigeria’s citizens. Violence has spread like wildfire in parts of Nigeria, and people are asking, “is Nigeria capable of dealing with an insurgency of this level?”, and “If Nigeria is being significantly threatened by a group as loosely organized, but as deadly, as Boko Haram, what chance do we have to contain an insurgency?” Nigeria has t... [tags: boko haram, wealthiest african nation]
1772 words (5.1 pages)
- Death and Disease in Africa There is one disturbing topic that this paper will cover, but many possible solutions to the problem which will be discussed. The topic is the AIDS epidemic in Africa, and what they can learn from other countries to try to control the rapid spread of AIDS. This paper will offer a few solutions one might find may (or may not) work to help Africa?s peril. Africa has a total fertility rate (TFR) of 5.2 children per woman, a problem that is not likely to go away anytime soon.... [tags: Africa AIDS Population Disease Essays Papers]
3205 words (9.2 pages)
- What was the Scramble for Africa. The Scramble for Africa was a period of time where major European countries fought over and colonized land in Africa, stretching from South Africa to Egypt. The scramble for Africa began shortly after the slave trade, and ended at WW1, and is a strong representation of the ‘New Imperialism’. The first country to act was Belgium, who colonized Congo at 1885, but soon, other countries such as Portugal and Great Britain joined in in order to not miss out. Firstly, the European could not colonize Africa easily, due to Africa’s giant land mass and the diseases that spread throughout the land.... [tags: history, colonization, imperialism]
1166 words (3.3 pages)
- The Discovery of Paralititan Stomeri - A Giant Sauropod In the scientific article “A giant sauropod dinosaur from an upper Cretaceous mangrove deposit in Egypt,” by Joshua Smith, Matthew Lamanna, Kenneth Lacovara, and Peter Dodson it is indicated that a giant sauropod named Paralititan Stomeri was discovered in a desert area in western Egypt in 2001. The skeleton was dated back to ninety to one hundred million years ago, which is the late Cretaceous period. Paralititan is a sauropod, which is thought to be the second largest that has ever lived.... [tags: Anthropology Essays Paleontology Papers]
917 words (2.6 pages)
- On October 7 1999, Arizona Daily Wildcat published a remarkable article by Lora Mackel, a history Junior in the University of Arizona. In the article, Mackel expressed her views about the current state of the African continent as follows: We have all seen the images before: Children with bloated bellies, rebels with assault weaponry, shanty towns that spread as far as the camera can pan. These images reflect our own modern conceptions of Africa, for it seems that these wretched conditions and the continent itself are permanently linked.... [tags: Politics Economics Geography African Essays]
3007 words (8.6 pages)
- The Columbian Exchange was a giant step towards globalization. This trade route connected the world and introduced world changing concepts to both sides. Disease, religion, and a new government were shipped to the New World. Europe, however, was better affected by the exchange of goods. New crops that were able to better feed the population were imported. These population booms were able to set up the environment for the Industrial Revolution. The Columbian Exchange gave Europe the assets needed to prosper into the nations that it has become through the importing of new crops, changes in population, and Old World nation's desire to control more of the trade routes.... [tags: trade routes, international relations]
1602 words (4.6 pages)
- “I don't recognize my people anymore. I feel Somalia is lost. There is no Somalia. It’s just a name.” said Hawa Adbi, a Somali born human rights activist. This is an example of the effects of war and conflict in Somalia, and all over the region of East Africa. The everyday violence in this war torn country is so damaging that much of the countries population has fled to refugee camps across the eastern region of Africa. Some people that go to these camps are wounded, physically or mentally, from the clan wars, and warlords that are causing all of this violence and pain in Somalia.... [tags: somalia, african violence, african war]
1799 words (5.1 pages)
- Ecobus Marketing Coursework - Nokia - The Wireless Giant Ecobus Marketing Coursework "Nokia - The Wireless Giant" Introduction & Purpose For this coursework, I have decided to study the wireless giant, Nokia. Nokia is, unarguably, the leader in the world of mobile communications. The brand boasts a significant number of users from around the world, ranging from Europe to the Americas, and from Africa to the Asia Pacific. Nokia's success has been aided by its experience, innovation and its user-friendliness and thus, has become the leading supplier of mobile phones and other related products around the globe.... [tags: Business and Management Studies]
3061 words (8.7 pages)
- A week ago, I had a chance to go around NE Portland and browse around the ethnic shops that spurred up from NE Sacramento Street along MLK blvd to all the way Killingsworth St. I knew there were shops from a various immigrants but I did not know African owned shops were also a sizeable number compared other businesses in the neighborhood. That was until I stumbled on Hashi Halal Market and the Horn of Africa restaurant in NE Portland. Both place are favorites of locals but they mostly rely as a customer base East African immigrants who immigrated to the U.S around the 1990s.... [tags: Descriptive Essay About A Place]
915 words (2.6 pages)
- Berbers in North Africa The modern-day region of Maghrib - the Arab "West" consisting of present-day Morocco, Algeria and Tunisia - is inhabited predominantly by Muslim Arabs, but it has a large Berber minority. North Africa served as a transit region for peoples moving toward Europe or the Middle East. Thus, the region's inhabitants have been influenced by populations from other areas. Out of this mix developed the Berber people, whose language and culture, although pushed from coastal areas by conquering and colonizing Carthaginians, Romans, and Byzantines, dominated most of the land until the spread of Islam and the coming of the Arabs.... [tags: Papers]
3304 words (9.4 pages)
- Poverty And Its Effects On Child Development
- The Effects Of Domestic Violence On Our Society
- Analysis Of Elizabeth Alsop 's Article, Why Tv Needs Weak ' Female Characters
- Politics Is The Science That Guides Or Influencing Governmental Policies
- Richard Wright 's Black Boy
- John Hick 's Views On Christian Theodicy And Potential Reason For Evil