Nigerian Economy: Oil. Rentier State State gains the bulk of its revenue by “renting” or selling a resource to other states. Received payments are “rents.”. Oil Economy. Boom and Bust (similar to Mexico) 1970s=boom in oil revenues Borrow money Finance ambitious projects
2013 budget=31 billion (8 billion=25% of budget)
What percentage of Nigerians live on a dollar a day?
Aside from the fact that they would have to pay more for gas, what else frustrated the Nigerians about the rise in gas prices?
According to the IMF, who benefits the most from fuel subsidies?
Why do the poor more keenly feel the loss of fuel subsidies than the nonpoor?
with government (some Muslims)
Describe the measures taken by President Jonathan after the Christmas bombings?
How could the Nigerian government’s inability to “control the violence” lead to greater religious tensions?