The Nature of the Nigerian Economy.
Economics S.S.S 1 Second Term
WEEK 9
The Nature of the Nigerian Economy.
Performance Objectives
Student should be able to:
- State the nature and structure of the Nigerian Economy
- Identify the contribution of the primary, secondary and tertiary sectors.
Content
The Nigerian economy is one of the largest in Africa. Since the late 1960s, it has been based primarily on the petroleum industry. A series of world oil price increases from 1973 produced rapid economic growth in transportation, construction, manufacturing, and government services. Because this led to a great influx of rural people into the larger urban centres, agricultural production stagnated to such an extent that cash crops such as palm oil, peanuts (groundnuts), and cotton were no longer significant export commodities.
The main sectors the of Nigerian economy
- Oil industry and mining
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- Firms and Industry - Definition
- Firms and Industry – Business Enterprises
- Firms and Industry – Private and Public Companies
- Firms and industry – Quoted and unquoted Companies
- Population - Definition
- Economics SSS1 Second Term Mid-Term Assessment
- Test
- Population – Distribution of population
- Population - Census
- Labour Market
- The Nature of the Nigerian Economy.
- Agriculture
- Economics SSS1 Second Term Final Assessment
- Test
- Chapters 12
- Category SSS1
- Author ClassNotes Edu
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