This is a country report over Nigeria that was done for my International Business course. I presented over the culture, economy, geography, government, and the correct ways to do business in Nigeria.

1. Country Report
Nigeria
By: Erin McQuillan

2. Nigeria
represents unity and
peace
Represents the
forests
Represents
the
abundant
natural
wealth of
the
country

4. Introduction
• Population: 173.6 Million
• Capital: Abuja
• Currency: Naira
• Official Language: English

5. Religion
50%
40%
10%
Religion In Nigeria
Muslim
Christian
Indeginous Beliefs

6. Geography
 Republic of Nigeria
 Total Area: 923,768 sq. km
 Land: 910, 768 sq. km
 Water: 13,000 sq. km
 Twice the size of California
 Main rivers are the Niger and the Benue

7. Geography
 Climate: equatorial in the south, tropical in
the central, and arid in the north.
 Terrain: ranges from southern lowlands,
central hills, plateaus, mountains, and plains.
 Natural resources: gas, petroleum, tin, iron
ore, coal, limestone, lead, zinc, and arable
land.
 Natural Hazards: flooding, droughts

8. Economy
 Africa’s largest economy with 2013 GDP at US
$502 billion
 Oil is the leading source even with a
reduction in 2012 due to security risks
 Companies limited spending due to the
country’s unsafe and risky conditions.
 Economy has grown 6-8% due to agriculture
and telecommunications
 Poverty levels over 62%

9. Strengths
 Considerable
agriculture
potential
 Population
 Low foreign Debt
 Largely
consolidated
banking sector
Weaknesses
 Dependent on Oil
 Ethnic and religious
tensions
 Unemployment
 Poverty
 Inadequate health
and education
systems
 Corruption
 Reduced Refining
Capacity

10. Economy - Growth
 GDP – per capita: Increase from 2012:
$2,700 to 2013: $2,800
 GDP –growth rate: Decrease from 2012:
6.6% to 2013: 6.2%
 Unemployment: Increase from 2007: 4.9% to
2011: 23.9%
 Exports: Decrease from 2012: $95.68 billion
to 2013: $93.55 billion
 Imports: Increase from 2012: $53.36 billion to
2013: $55.98 billion

11. Hofstede Centre
• Power Distance: Accept a hierarchal order
• Indulgence: Optimistic, Value Leisure Time
• Pragmatism: Very Normative

12. Exports
 Worth $93.55 billion in goods and services
 95% petroleum and petroleum products
 Other 5% rubber and cocoa
 Export Partners:
 US- 16.8%
 India-11.5%
 Netherlands-6.8%
 Spain 7.8%
 Brazil- 7.6%
 UK- 5.1%

13. Imports
 Worth $55.98 billion in goods and services
 Imports machinery, chemicals, transport
equipment, manufactured goods, food and
live animals.
 Import Partners:
 China-18.3%
 US-10.1%
 India- 5.5%

14. Government
 Federal Republic
 Gained independence on October 1 1960
from the UK
 In 1999 changed from military rule to civilian
government
 Mixed Legal system of English Common Law,
Islamic Law, and Traditional Law


15. Government
 Nigeria’s Government has an Executive
Branch, Legislative Branch, and Judicial
Branch
 Presidential election every 4 years
 4 year term (eligible for 2nd term)
 Executive Branch:
 Chief of State/President: Jonathan Goodluck
 Vice-President: Mohammed Namadi Sambo

16. Military
 Nigerian Armed Forces: 77,100
 Army: 80.4%
 Navy 7.3%
 12.3% Air Force

17. Conflict
 Religious Conflict
 Ethnic Conflict
 Boko Haram: March 2014-present
 Kidnapping of 280 school girls
 Caused anti-government protests

18. Culture
 Over 250 Ethnic groups:
 Hausa: 29%
 Fulani: 29%
 Yoruba: 21%
 Igbo: 18%
 Ijaw: 10%
 Kanuri: 4%
 Ilbibio: 3.5%
 Tiv: 2.5%

19. Culture:
 Working In Nigeria:
 Nigerian Coworkers could ask what do you have for
me instead of good morning. Be prepared to give
something away.
 Be weary of lending money to coworkers
 Nigerian coworkers could abandon you if a
problem occurs.
 Sometimes you have to build relationships for
months before you get the racist stigma off of you.
 Avoid shaking hands with elders as a sign of respect.
 Visiting Muslim Houses, always give warning
 Exchange all currency before returning to US

20. Companies
 Shell:
 Operated in Nigeria for over 50 years
 Produce oil and gas from the Niger Delta and
the Gulf of Guinea
 25.6% stake in Nigeria
 30,000-40,000 jobs at all times
 Chevron:
 Third largest oil producer in Nigeria
 Joint-venture with Nigerian National Petroleum
Corporation
 Covers 2.2 million acres in the Niger Delta

21. Thank You! Any
Questions?