Nigeria Development Proposal - by Christian E.


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  • Members of niger delta military group,
  • Nigeria Development Proposal - by Christian E.

    1. 1. Nigeria<br />
    2. 2. Natural Factors<br />Land resources<br />Petroleum, tin, columbite, iron ore, limestone, lead, zinc, natural gas<br />Rich in oil (16-22 billion barrels of oil reserves)<br />
    3. 3. Geography<br />Located in Western Africa, bordering the Gulf of Guinea and surrounded by Benin, Cameroon, Niger and Chad<br />32nd largest country in the world<br />
    4. 4.
    5. 5. Human Factors I<br />149,229,090 inhabitants <br />Population growth rate of 3.667%<br />Age structure: <br />0-14 years: 49.6 %<br />15-64 years: 48%<br />65 years + : 2.3 %<br />Dependency ratio of 1.08 (extremely high)<br />
    6. 6. Human Factors II<br />Health<br />Life expectancy: 52.6 years<br />Infant mortality rate: 166.66 deaths per 1000 live births (5th highest)<br />People living with HIV/ Aids: 60,000 (in 2007)<br />Degree of risk for infectious diseases is high (rabies or malaria)<br />
    7. 7. Human Factors III<br />Total expenditure on health care: 4.6% of GDP<br />=&gt; Not sufficient <br />Government provides some health care<br />Private providers play a visible role in health care delivery<br />=&gt; Poor people cannot afford<br />
    8. 8.
    9. 9. Human Factors IV<br />Education<br />Literacy rate: 68%<br />School life expectancy: 8 years<br />Education expenditures: 0.9 % of GDP<br /><ul><li>Not sufficient</li></ul>Over 100 universities in the country<br />Only well-qualified students get accepted<br />
    10. 10.
    11. 11.
    12. 12. Economic Factors I<br />GDP per capita: 2300 dollars (2008)<br />GDP composition by sector:<br />Agriculture: 18.1%<br />Industry: 50.8%<br />Services: 31.1%<br />GDP real growth rate: 5.3%<br />Unemployment rate: 4.9%<br />
    13. 13. Economic Factors II<br />Inflation rate: 11.6%<br />Household income:<br />Lowest 10%: 2%<br />Highest 10%: 32.4%<br />Labor force: 51.04 million<br />Occupation by sector:<br />Agriculture: 70%<br />Industry: 10%<br />Services: 20%<br />
    14. 14. World Bank Economic Outlook<br />
    15. 15. Physical Capital and Technology<br />Infrastructure:<br />56 airports<br />3,505 km of railway<br />193,200 km of roadways<br />Only 28,980 km paved<br />Industry: 50.8% of GDP<br />3 hydroelectric power stations<br />
    16. 16. Physical Capital and Technology<br />Nigerian Institute of medical research<br />National Space Research and Development Agency<br />Federal Ministry of Science and Technology<br />=&gt; Technology research plays a visible role<br />
    17. 17. Political and Institutional Factors<br />Legal system based on:<br />English common law<br />Islamic law (in 12 northern countries)<br />Traditional law<br />Chief of state: President Umaru Musa (2007)<br />Elected by popular vote for 4 years<br />Over 13 political parties<br />Corruption (ranked 121/180)<br />Militants in the Niger delta region<br />
    18. 18.
    19. 19. Sustainability<br />External debt: 9.996 billion (2008)<br /><ul><li>Dependence on developed countries</li></ul>Natural gas production: 32, 82 billion cu m<br />Oil production: 2,196 million bbl/ day<br />Electricity production:21, 92 billion kWh<br />=&gt;Energy sustainable <br />
    20. 20. Externalities<br />Environment has suffered serious damage from oil spills<br />Environmental pollution from oil extraction threatens livelihood of neighboring communities<br />
    21. 21. Obstacles to Development<br />Political instability (internal conflicts and corruption)<br /> Lack of infrastructure<br />Indebtedness (ext. debt: 9.132 billion)<br />High inflation rate (low FDI)<br />Overdependence on oil <br />
    22. 22.
    23. 23. Conflict/ Natural Resource Trap<br />
    24. 24. Resources and Potential<br />Oil and other mineral resources offer great opportunity for economic growth<br />Potential in education<br />Literacy rate: 68%<br />School life expectancy: 8 years<br />Spending only 0.9% of GDP<br />English as official language -&gt; good for conducting business<br />
    25. 25.
    26. 26. Formal Proposal<br />Project:<br />Junior Management Academy in Lagos<br />Completion in 2011<br />Path to higher education/ partnership with firms<br />Student scholarships based on National Entrance Examinations (200 students)<br />Partner school of University of Pennsylvania <br />
    27. 27. Formal Proposal <br />Goals<br />Improvement of Nigeria’s human capital<br />Academy should be a model for other education initiatives <br />Successful education of future managers <br />Economic growth through better service sector and higher incomes in the future<br />=&gt; Counteraction against rising violence and conflicts which harm Nigerian economy<br />
    28. 28. Formal Proposal <br />Costs<br />Construction of academy: 10 million dollars (including advanced teaching technology, property prices are higher in Lagos)<br />Salary for teachers (20 graduates of Wharton business school): 2000 dollars net per month<br />Salary for staff (2 cooks, 2 caretakers, 2 cleaner): 500 dollars gross per month<br />
    29. 29. Formal Proposal<br />Repayment<br />In 10 years, Academy and other educational institutions should contribute to 0.01% of GDP through higher incomes in service sector<br />This amounts to 20.7 million dollars<br />Donations from sponsoring companies, alumni and government <br />
    30. 30. Formal Proposal<br />Success in other countries<br />Basic Education Quality Improvement Project in Panama<br />Improvement of secondary education (10-12 grade)<br />Education for the knowledge economy<br />