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Oil is important to Nigeria's economy because it is 90% of Nigeria's income. The money made from selling oil to other countries helps to build highways, schools and factories. Falling oil prices around the world caused Nigeria's income to drop. Also, years of low rainfall caused food production rate to drop.
What else can I help you with?
What fuel does Nigeria use to generate energy?
Out of all Nigeria's exports, 99% of it is Oil. So, i think it's Oil, not sure.
What is Nigeria's largest import?
Nigeria imports cars , gas , cocoa . nigeria has crued oil so they dont need too import crued oil.
Where does EXXON get its oil?
Most of the oil comes from Nigeria. The company is unfair because they promise Nigeria money and jobs but they destroy farmlands to dig for oil. But they don't pay Nigeria or give them any of the oil they refine, and they recruit foreign workers so the farmers who were forced out of their farms. have no jobs.
Where does Exxon Mobil get its oil?
Most of the oil comes from Nigeria. The company is unfair because they promise Nigeria money and jobs but they destroy farmlands to dig for oil. But they don't pay Nigeria or give them any of the oil they refine, and they recruit foreign workers so the farmers who were forced out of their farms. have no jobs.
Why was the 1991 census so important to the people of Nigeria?
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Why is oil so important to Nigeria's economy?
The United States and the rest of the world need oil. Without oil, humans wouldn't have the use of many things. For example cars, or power plants. Oil is basically a fossil fuel which comes from the dead or decomposed organisms that existed millions of years ago. Fossil fuels take billions of years to dorm. That is why the world is having wars so their countries can get that oil.
What year was most popular?
1920's because the economy was good and most things were invented. So were the1950s because it had the most important wars in it and had the most important inventions and also Rock and Roll was invented in the 1950s.1950s
Why is English language importance to Nigeria?
English is important because Nigeria has so many dialects from different cultural and ethnic groups. Learning English as a common language is important for communication. This is asides other superficial reasons.
How is Nigeria so rich?
Nigeria is actually very rich. It's the 6th leading oil industry in the world, but because the government is corrupt and spends the money on themselves, it leaves many people impoverished.
What goods does Nigeria produce?
Nigeria exports petroleum, cocoa beans and rubber. So with the recent drop in oil prices, Nigeria is hurting. Nigeria used to be able to export food but with rapid population growth, it needs to import food.
Why is oil so important to Middle Eastern countries?
Oil is important to Israel as it important to any other country. But Israel is a pioneer in green and alternative oil replacement.
How much did oil cost in the late 1950s?
When I was a teenager in the mid 50's I remember gasoline was .25 - 30 cents a gallon so probably a barrel of oil was in the $10 range.
