A Brief Note On The Country Of Nigeria Essay - 1939 Words

Nigeria got their independence from Britain on 1st October, 1960. Within the country of Nigeria, they have over 371 tribes, but the main three that is well known are, Igbo, Hausa, and Yoruba. Within that 371 tribes, they have 521 language. Nigeria is well known for their petroleum, and they have other natural resources include natural gas, tin, iron ore, coal, limestone, niobium, lead, zinc and arable land. The maximum crude oil production capacity of Nigeria is 2.5 million barrels per day, and the whole world consume an average of about 19.4 million barrels per day. One might ask, what is the problem with a country with the maximum capacity of oil production at 2.5 million a day? The problem is that people in that country are living in poverty. According to the Food Aid International organization (FAI), â€Å"3000 adults and children die everyday of hunger and poverty,† (Xinhua). My research shows that there are many contributing factor why people are living in poverty, which are: Unemployment, bad education system, inequity, and corruption. But my research focuses on the leading cause of poverty in Nigeria, which is corruption within the government system. According to â€Å"BBC News,† it shows that almost 100 million people living in Nigeria lives under $1 a day. Corruption in Nigeria takes many forms and infiltrates all political institutions and economic sectors. The current government in Nigeria is not performing its task as promised when they were elected. When people run forShow MoreRelatedA Brief Note On The Country Of Nigeria1584 Words   |  7 PagesOne of the best ways to succeed in life is to work together. Unfortunetly for Nigeria, the lack of this characteristic has been endlessly causing it problems for years. The quarrel between the Muslims in the north and the Christians in the south has been constantly growing. 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Introduction Theatre managementRead MoreDrop in Price of Crude Oil: Implication on the Nigerian Economy2414 Words   |  10 PagesDROP IN PRICE OF CRUDE OIL: IMPLICATION ON THE NIGERIAN ECONOMY PAPER DELIVERED TO BOARD OF DIRECTORS OF GUINNESS NIGERIA PLC Executive Summary The volatility in the prices of crude oil in the international oil market which was triggered by factors within the global economy has impacted the Nigeria economy to some degree with dire consequences for the implementation of the 2012 budget. Some of the factors which triggered the fall in oil prices include a massive