Oil in Nigeria

Several countries in Africa are rich in oil. However, no country on the continent has more oil than...

• Somalia

• Nigeria

• South Africa

• Chad

Oil is important to Nigeria. It makes up _____% of the countries exports.

• 100%

• 75%

• 35%

• 90%

Products sold to other countries are called:

• Imports

• Economy

• Exports

• Goods/Services

Which of the following are benefits Nigeria receives because of their oil reserves? (Select all that apply)

• Money from oil often pays for building and improving roads.

• Money from oil can help pay for electricity and telephone lines for cities and towns.

• Money from oil can help pay for destroying the environment.

• Money from oil often pays for building and improving schools.

International oil companies that drill in Nigeria not only PAY THE COUNTRY to drill for oil but ALSO... (Select all that apply)

• Fund (put $ toward) opening job training centers for young people.

• Fund (put $ toward) Nigeria's navy and air-force.

• Fund (put $ toward) building a hospital.

• Fund (put $ toward) to help pay for Nigerians to attend college.

There are no problems with oil in Nigeria. It only benefits the Nigerian people, there are no downsides.

• True

• False

The price of oil:

• Can change quickly.

• Stays about the same always.

• Only goes up over time.

• Only goes down over time.

The downside of oil in Nigeria include: (Select all that apply)

• There are no downsides of oil in Nigeria.

• When price of oil drops, Nigeria makes less money.

• When price of oil drops, projects that were started might go unfinished.

• The money made from oil does not always help the people who need it.

Drilling for oil can be ____________ for the enviornment.

• Really beneficial.

• Really harmful.

• Ineffective.

• Effective.

To save money, oil companies sometimes...

• Decide to not drill for oil that day.

• Use inexpensive and less sturdy pipes to pump oil from the ground.

• Put their money toward finding an environmentally friendly and more sustainable fuel source.

• Put their money toward finding an even worse environmentally damaging and less sustainable fuel source.