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One of the plan's key features was the usage of resources generated from oil production to increase the economy's production capacity and to ensure self-sustaining economic growth. Despite Nigeria's economy being heavily centred around the export of oil, with it composing roughly 80% of government revenue, the plans to finance the fourth ...
Urbanization, Industrialization, and Infrastructural Development The need for urban expansion and infrastructure development requires clearing forests. Over a century, Nigeria's land area decreased from 60 million hectares to 9.6 million hectares, marking significant forest loss due to infrastructural expansions and industrial setups.
Economy - Decrease on oil dependence (now over 90% of country's export earnings) and increase in GDP. Education - Better educated population (now, only 50% of children between 5 and 24 enrolled in primary, secondary, and higher education). Urbanization - Nigeria has a high urban increase rate (5-7%) and growth needs to be managed. Rural ...
Nigeria had one of the world's highest economic growth rates, averaging 7.4% according to the Nigeria economic report that was released in July 2019 by the World Bank. [1] Following the oil price collapse in 2014–2016, combined with negative production shocks, the gross domestic product (GDP) growth rate dropped to 2.7% in 2015.
SDGS in Nigeria. Nigeria became a member of the United Nations (UN) on 7 October 1960. Nigeria is the most populous nation in Africa and has the seventh-highest population in the world. [6] Nigeria gained independence on 1 October 1960. In 2012, Nigeria contributed the fifth largest number of peacekeepers to United Nations peacekeeping ...
The NESG Radio is a traditionally syndicated podcast that keeps Nigerians informed through localised content on economic policies and issues across sectors of the Nigerian economy. The radio aims at extending research-based advocacy and impactful policy-making to all Nigerians, including the urban technology inclined audiences, as well as rural ...
A gully in Calabar, Nigeria. Impact of gully erosion. The Nigerian gully erosion crisis has been underway since before 1980. It is an ecological, environmental, economic, and humanitarian disaster resulting in land degradation, as well as the loss of lives and properties worth millions of dollars.
The Niger Delta region encompasses about 8% of Nigeria's landmass and is the largest wetlands region on the African continent. Oil drilling in the region began in the 1950s. In the beginning, the oil drilling in the region really stimulated Nigeria's economy and was extremely beneficial to the country.