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Quiz yourself on Nigeria as an NEE Case StudyGet your flashcardsBuild my revision planTrack my progress🧠 Memory Aid: The OILTS Framework
Use this acronym to remember Nigeria's five key development drivers:
- O — Oil: 37 billion barrel reserves, OPEC member, 90% of exports, Shell/Chevron/Total investment
- I — Industry: Lagos manufacturing zone, Dangote cement/refinery, textiles and food processing
- L — Lagos: 15m+ people, 25% of Nigeria's GDP, Nollywood ($600m), financial district, Makoko inequality
- T — TNCs: Shell (65,000 jobs, billions in tax) — but also profit repatriation and Niger Delta spills
- S — Services: Nollywood, mobile telecoms (100m+ users), banking, IT, growing middle class (30m)
The "62% paradox" — lock in this number: 62% of Nigerians live below $1.90 a day despite Nigeria having Africa's largest GDP. This is your single most powerful statistic for any question about inequality, development limits or TNC impact. If you remember nothing else from this topic, remember 62%.
Key numbers to know cold:
- $440 billion — Nigeria's GDP (Africa's largest)
- 220 million — population (Africa's largest)
- 0.560: HDI (2023)
- 62% — below $1.90/day poverty line
- 37 billion — barrels of proven oil reserves
- 1956 — oil discovered; 1960 — independence
- 1,000+ — oil spills in Niger Delta since 2010
- $600m+ — Nollywood annual revenue
- 15 million+ — Lagos population
Make this stick
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