Unit3 - Industrial sectors Contrasts Wealth in Natural...

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Industrial sectors 16:56 Contrasts Wealth in Natural Resources o Nigeria is ranked #11 among world’s oil producing states Poverty of Local Population o GNI per capita: $390 (US is $40,000) o More than 70% live in poverty Demographic indicators o Life expectancy: 46 years o Infant MR: 183 per 1000 in the first 5 years (US is 8) o Health expenditures per capita: $8/yr (versus $4,500 in US) o TFR: 5.2 (versus 2.1 in the US) o Percent of population under 15yr: 44% (21% in US) Who Profits? o Nigerian National Petroleum Company (NNPC) Up to 80% of revenues accrue to 1% of the Nigerian population o Transnational Oil Corporations drilling in Nigeria Shell ExxonMobil ChevronTexaco Total o Oil Company Revenues (global) Shell: $18.2b net income ExxonMobil: $25.3b ChevronTexaco: $13.3b Sharehoders in Total Oil
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France, Rest of Europe, North America, UK, Everyone else is 2%
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Unit3 - Industrial sectors Contrasts Wealth in Natural...

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