8. IMF Nigeria is among the countries the IMF considers most at risk. This woman sells fruit in Lagos.
9. Abuja In 1976, it was decided to move the national capital from the port city of Lagos to a new city located near the centre of the country.
10. Goodluck Johnathan First elected along with Umaru Yar'Adua as his vice-president in 2007, he served as acting president when Yar'Adua's failing health prevented him from working. He inherited the presidency in May 2010 when his predecessor died, and went on to win elections in April 2011.
11. Bantu migrations Nigeria is believed to be the original homeland of the Bantu migrants who spread across most of central and southern Africa in waves in the 3000-year time period preceding 1100 C.E.
12. Nigerian Oil Since all effort was put into developing this profitable resource, other economic sectors, like agriculture and mining, were neglected. Nigeria’s economy is centered around oil… unfortunately.
13. Drilling for oil Oil drilling rigs, like this one in the Soku oil field is one of the many the Dutch-based Shell Oil has in Nigeria. Many blame Shell, however, for the widespread pollution (below) of its environment and corruption of its government.
14. Economy The country also wound up being heavily in debt to other nations and with a corrupt government that mismanaged funds (those that weren’t embezzled anyway).
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16. Stolen crude Nigerian produces 2.256 million barrels of oil a day. Oil theft and sabotage is a daily problem.
17. Many feel that corporate links to military power keeps Nigeria subjugated to oil interests .
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19. Reform efforts Only recently has the government started making reforms to get the country out of debt and restructure the economy thanks to the International Monetary Fund ’s Public Support Instrument (PSI).
20. Joint Ventures Workers on an oil rig in Nigeria where prudent management of oil savings and revenues is key to unleashing country's potential and to reducing poverty. (photo: AFP) The Nigerian National Petroleum Corporation , a nationalized state corporation manages all joint ventures between foreign multi-national corporations and the Nigerian federal government.
21. With home offices in Houston and Australia, Worley Parsons backed a joint venture in 2003 in Lagos, Nigeria to form DeltaAfrik Engineering Ltd.
22. This government-run engineering, procurement and construction management company (EPCM) involves Nigeria’s Oil & Gas, Power and Infrastructure sectors.
23. Benin Empire Not to be confused with the modern country of Benin, this was a pre-colonial African state in what is now modern Nigeria .
24. Yoruba One of the largest ethno-linguistic groups in West Africa numbering nearly 30 million (21%), they are found predominantly in Nigeria.
25. Yoruba bronze head sculpture, Ife, Nigeria c. 12th century A.D. Ife bronze casting of a Kings head currently in the British Museum
26. July 18, 2006—Traditional Ibo dancers perform at the Sullivan Summit luncheon in Abuja. Approximately 18% of Nigerians consider themselves Ibo. Ibo
27. Hausa A Sahelian people chiefly located in the West African regions of northern Nigeria and southeastern Niger numbering 30-35 million.
This "planned" city was an attempt to reduce bias in a country which was formed by amalgamation of various tribal territories and emirates, under colonial influence.
A member of the Fulani tribe, he is widely seen as the hand-picked successor to the corrupt Oluṣẹgun Ọbasanjọ.
This meant that when the price of oil tanked, so did the economy since it had nothing else to fall back on.
What does this slide satirize?
Many of the Africans who were brought to America during the slave trade were from Nigeria
Fierce tribal rivalries fuel the political corruption and slow unified Nigerian economic growth.