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The economy of Ghana has a diverse and rich resource base, including the manufacturing and exportation of digital technology goods, automotive and ship construction and exportation, and the exportation of diverse and rich resources such as hydrocarbons and industrial minerals.
Nigeria, officially the Federal Republic of Nigeria, is a country in West Africa. It is situated between the Sahel to the north and the Gulf of Guinea to the south in the Atlantic Ocean. It covers an area of 923,769 square kilometres (356,669 sq mi). With a population of more than 230 million, it is the most populous country in Africa, and the world's sixth-most populous country. Nigeria borders Niger in the north, Chad in the northeast, Cameroon in the east, and Benin in the west. Nigeria is a federal republic comprising 36 states and the Federal Capital Territory, where its capital, Abuja, is located. The largest city in Nigeria is Lagos, one of the largest metropolitan areas in the world and the largest in Africa.
The economy of Nigeria is a middle-income, mixed economy and emerging market with expanding manufacturing, financial, service, communications, technology, and entertainment sectors. It is ranked as the 53rd-largest economy in the world in terms of nominal GDP, the fourth largest in Africa and the 27th-largest in terms of purchasing power parity.
Nigeria’s transport network has expanded in recent years to accommodate a growing population. The transport and storage sector was valued at N2.6trn ($6.9bn) in current basic prices in 2020, down from N3trn ($8bn) in 2019, according to the National Bureau of Statistics (NBS). This was reflected in a lower contribution to GDP, at 1.8% in the fourth quarter of 2020, down from 2.1% during the same period the previous year but higher than the 0.8% recorded in the third quarter of 2020. One of the most significant challenges facing the sector is meeting the needs of both large coastal cities and rural inland communities in order to fully unlock the country’s economic potential. This is especially the case with mining and agriculture, both of which are expected to benefit from two large-scale projects: the Lekki Port in Lagos and the Kano-Maradi rail line in the north of the country.
Port Harcourt is the capital and largest city of Rivers State in Nigeria. It is the fifth most populous city in Nigeria after Lagos, Kano, Ibadan and Benin. It lies along the Bonny River and is located in the oil rich Niger Delta region. As of 2023, Port Harcourt's urban population is approximately 3,480,000. The population of the metropolitan area of Port Harcourt is almost twice its urban area population with a 2015 United Nations estimate of 2,344,000. In 1950, the population of Port Harcourt was 59,752. Port Harcourt has grown by 150,844 since 2015, which represents a 4.99% annual change.
The Movement for the Survival of the Ogoni People (MOSOP), is a social movement organization representing the indigenous Ogoni people of Rivers State, Nigeria. The Ogoni contend that Shell Petroleum Development Company (SPDC), along with other petroleum multinationals and the Nigerian government, have destroyed their environment, polluted their rivers, and provided no benefits in return for enormous oil revenues extracted from their lands.
Abia State is a state in the South-East geopolitical zone of Nigeria. The state is bordered to the northwest by Anambra State and to the northeast by the states of Enugu and Ebonyi, Imo State to the west, Cross River State to the east, Akwa Ibom State to the southeast, and Rivers State to the south. Abia is the only Southeastern state that has boundaries with the other four Southeastern states in Nigeria. It takes its name from the acronym for four of the state's most populated regions: Aba, Bende, Isuikwuato, and Afikpo. The state capital is Umuahia while the largest city and commercial centre is Aba.
Rivers State, also known as Rivers, is a state in the Niger Delta region of southern Nigeria. Formed on 27 May 1967, when it was split from the former Eastern Region, Rivers State borders include Imo and Anambra to the north, Abia and Akwa Ibom to the east, and Bayelsa and Delta to the west.The State capital, Port Harcourt, is a metropolis that is considered to be the commercial center of the Nigerian oil industry.
The Ogoni is an ethnic group located in Rivers South-East senatorial district of Rivers State, in the Niger Delta region of southern Nigeria. They number just over 2 million and live in a 1,050-square-kilometre (404-square-mile) homeland which they also refer to as Ogoniland. They share common oil-related environmental problems with the Ijaw people of the Niger Delta.
Nigeria is the second largest oil and gas producer in Africa. Crude oil from the Niger Delta basin comes in two types: light, and comparatively heavy – the lighter has around 36 of API gravity while the heavier has 20–25 of API gravity. Both types are paraffinic and low in Sulphur. Nigeria's economy and budget have been largely supported from income and revenues generated from the petroleum industry since 1960. Statistics as at February 2021 shows that the Nigerian oil sector contributes to about 9% of the GDP of the nation.
The current conflict in the Niger Delta first arose in the early 1990s over tensions between foreign oil corporations and a number of the Niger Delta's minority ethnic groups who feel they are being exploited, particularly the Ogoni and the Ijaw. Ethnic and political unrest continued throughout the 1990s despite the return to democracy and the election of the Obasanjo government in 1999. Struggle for oil wealth and environmental harm over its impacts has fueled violence between ethnic groups, causing the militarization of nearly the entire region by ethnic militia groups, Nigerian military and police forces, notably the Nigerian Mobile Police. The violence has contributed to Nigeria's ongoing energy supply crisis by discouraging foreign investment in new power generation plants in the region.
Onyema UgochukwuCON is a Nigerian economist, journalist, and politician. Ugochukwu served as the senior Special Adviser on Communication to Nigerian President Olusegun Obasanjo and the first Executive Chairman of the Niger Delta Development Commission (NDDC). On 25 February 2008, an Abia State elections tribunal declared Ugochukwu the winner of the 2007 gubernatorial election and Governor-elect of Abia State. However, on 11 February 2009 an appeal court in Port Harcourt overturned the ruling, declaring that Theodore Orji of the PPA had in fact won the election.
The Republic of India and the Federal Republic of Nigeria have built strategic and commercial ties. Both are members of the Commonwealth of Nations and the Non-Aligned Movement. India has a High Commission in Abuja and a Consulate in Lagos, and Nigeria has a High Commission in New Delhi. Indian business firms have invested estimated $15 billion in Nigeria. India is Nigeria's leading investor, with a investment base of about $20 billion. The figures on the amount of Nigeria's investment in India if any are not known.
Shamsuddeen Usman,, is a Nigerian economist, banker, technocrat and public servant. He is currently the CEO of SUSMAN & Associates, an economic, financial and management consulting firm headquartered in Nigeria. He was the Finance Minister of Nigeria between June 2007 and January 2009 and also served as the Minister of National Planning from January 2009 to September 2013. Usman is the Chairman of Citibank Nigeria Limited.
Julius O. Ihonvbere is a Nigerian professor and politician born in Oyo in the old Western Region. He attended CMS Primary School in Oyo, St. John's CAC School, Warri, and Edo Boys High School in Ugbowo, Benin City, where he obtained the West African School Certificate. He took his B.A. Combined Honors degree in history and political science from the University of Ife.
The Port Harcourt Book Festival is an annual literary event in Port Harcourt, Rivers State, Nigeria, organised by the Rainbow Book Club and endorsed by the Rivers State Government since 2008. The Garden City Literary Festival, which is currently known as the Port Harcourt Book Festival was founded by Governor Amaechi of Rivers State, Hundreds of literary fans flock to the Garden City every year for this six-day event, which includes a book fair, writers' workshops, and a variety of other activities. In the past the Festival has been attended by recognized authors and has hosted a number of celebrities.
The Port Harcourt Refining Company,, is a Nigeria-based oil and gas company primarily specializing in the refining of crude oil into petroleum products. It is headquartered in Port Harcourt metropolitan area of Rivers State, southeastern Nigeria. The company is a subsidiary of the Nigerian National Petroleum Corporation (NNPC).
The following is a timeline of the governorship of Ezenwo Nyesom Wike, also known as the Wike administration, from his inauguration as Governor of Rivers State on 29 May 2015 to 29 May 2023.
The following outline is provided as an overview of and topical guide to Rivers State:
References
- ↑ "All Nigerian Editors Conference holds in Port Harcourt". Vanguard . 20 July 2016. Retrieved 21 July 2016.
- ↑ "Uduaghan, others for Editors' conference in Port Harcourt". The News. 28 July 2016. Retrieved 29 July 2016.
- ↑ Ernest Chinwo (7 August 2011). "Editors Endorse Agriculture as Viable Option for Nation's Economy". Thisday . Port Harcourt. Retrieved 8 August 2016.