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Oil Producer
Oil Production: 2.525 million bbl/day
Oil Consumption: 524,000 bbl/day
Nigeria is one of the top 10 oil producing countries of the world. You would think that this would make Nigeria a very rich country but only a few people have this money. Unfortunately the government has not been very stable and easily corrupted so that the country's infrastructure is weak. The country's potential is hindered by the lack of infrastructure. They import food even though they have land that they could grow food on, especially in the south. This shows that the government is not supporting or cannot support farming. This is not a efficient way to use their land when they could use it to grow food at home. Although living conditions seem to be improving they are still not at a high standard and many people still live without electricity.
Where exactly does the money and profits go from Nigeria's exports of oil?
Is there a push for better living conditions and infrastructure for the people of Nigeria?
Oil Consumption: 524,000 bbl/day
Nigeria is one of the top 10 oil producing countries of the world. You would think that this would make Nigeria a very rich country but only a few people have this money. Unfortunately the government has not been very stable and easily corrupted so that the country's infrastructure is weak. The country's potential is hindered by the lack of infrastructure. They import food even though they have land that they could grow food on, especially in the south. This shows that the government is not supporting or cannot support farming. This is not a efficient way to use their land when they could use it to grow food at home. Although living conditions seem to be improving they are still not at a high standard and many people still live without electricity.
Where exactly does the money and profits go from Nigeria's exports of oil?
Is there a push for better living conditions and infrastructure for the people of Nigeria?