Nigeria

Work Cited

Development

HDI Ranking

Type of Economy

Economic Activities

Nigera

By: Noah Hinlo

African Country Genialy Project

Guide MAp

Drag the words to the corresponding place

Info

Info

Info

Info

Solution

Economic Activities

Nigeria

No, Nigeria does not have a Command economy.

Command

No, Nigeria does not have a traditional economy.

Traditional

Nigeria has a Mixed economy. Majority of it is controlled by the people but their is a small portion that the Government controls.

Mixed/Free Market

Type of Economy

Nigeria

Nigeria

• GDP per capita: $2,229.86 (2023 estimate).
• Literacy rate: 62% (as of recent data).
• Life expectancy: 61 years (2023 estimate).
• Infant mortality rate: 69.8 deaths per 1,000 live births.
• HDI score: 0.535 (2023 estimate), ranked 163rd in the world.

HDI Statistics:

Solution

Important HDI Values

Levels of development - Nigeria is a Newly Industrialized Country (NIC).

1. Industrial Growth: The country is transitioning from an agriculture based economy to one with industrial and service sectors.
2. Diverse Economy: Efforts to reduce reliance on oil exports by promoting manufacturing and technology indicate industrial progress.
3. Development Challenges: Despite industrialization, Nigeria still faces issues like poverty, limited infrastructure, and inequality, preventing it from being classified as "mostly developed."

Nigeria

Genialy Africa Project

Work Cited

• Manufactoring: Nigeria has a growing manufacturing sector, producing goods such as textiles, cement, processed foods, beverages, and steel.
• Construction: The rise of urbanization has le to a boom in the construction industry.

Secondary Economic Activities

• Service Industries: The service industry is expanding in Nigeria. Nigeria is a hub for financial services in West Africa. Loas is the key economic part.
• Tourism: Tourism is developing, with attractions such as national parks, cultural heritage sites, and beaches.

Tertiary Economic Activities

• Fishing: Nigeria's agriculture is a major contributor to its economy, employing a large portions of the population. Key crops include cassava, yams, cocoa, and rice.
• Mining: Nigeria is rich with mineral resources such as oil and natural gas. Oil accounts for 90% of Nigera's exports.
• Fishing: Fishing supports many livehoods in rural areas in Nigeria. Nigeria has one of the largest aquaitic industries in Africa.

Primary Economic Activites

Habari

Hola

Olá

Hello

привет

こんにちは

नमस्ते

你好

Bonjour

Hallo

• Research & Development: Universities and research institutes work on advancing agriculture, medicine, and technology. The International Institute of Tropical Agriculture (IITA) focuses on agricultural research.

• Business Leadership: Nigerian entrepreneurs and business leaders play significant roles in sectors like technology (e.g., fintech) and entertainment.

Quaternary Economic Activities

Habari

Hola

Olá

Hello

привет

こんにちは

नमस्ते

你好

Bonjour

Hallo