As the Prime Minister of England, I am addressing you the King of England on this new proposal. Myself and other members of Parliament propose to you that we acquire seven countries in the region of Africa. The countries include Niger, Nigeria, Uganda, Liberia, Burkina Faso, Equatorial Guinea, and Senegal . The proposed countries will not only bring in a great deal of money, but many natural resources like gold and oil are found in these nations. Our country will be able to use the oil to power many of the military weaponry.
Niger is the first country on the list. Although it is a small country, Niger has many resources to offer. For example, uranium is Niger biggest natural resource. Overall they are the are the fourth largest uranium producer
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Nigeria’s major natural resource is oil, and are the world’s eleventh largest producer of oil. This nation mines 912.5 millions barrels of oil annually. Oil currently sells for $49 per barrel and extraction cost is about $31, totaling $18 per ton . After calculating all fees, the total company profit is $16.4 billion dollars. If we charge a 10% rate on total oil mined every year, we are left with a profit of $1.64 billion dollars. A major agricultural crop of Nigeria is the cocoa plant, leading as the world’s fourth largest producer of cocoa. Nigeria grows 380 thousand tons every year. Cocoa plants are selling for $2400 per ton with growing costs of $1800, leaving a total profit of $600 a ton. After subtracting the growing cost, the total revenue is $228 million. With that being said, if we charge a 15% tax rate on yearly cocoa profits, it profits us with a whopping $34.2 million. From Nigeria we earn an annual profit of $1.67 billion off of just two …show more content…
For example, Liberia produces 15 thousand ounces of gold annually. Gold is currently trading at $1,251 per ounce and the mining cost is at $300 for every ounce. The total company profit after mining expenses totals at $14.2 million. Additionally if the U.K. charges a 12% tax on total gold mined per year, we will generate a total of $1.7 million per year. Another ore found in Liberia is diamond, over 73 thousand carats of diamonds are mined every year. Diamonds are selling at $5,000 for every carat, and it cost $200 to produce, leaving a $4800 profit per carat. So multiplying the 73 thousand carats by the $4800 gives the company a profit of $350.4 million. If we charge a 12% rate on the total diamond produced per year, we will earn $42 million. Total generated profit from Liberia is $4.37 million for every annual
There are two solutions that provide the optimal profit given the current constraints under which JP Molasses operates. Under these conditions, the optimal profit is $63,571. This profit margin is achieved in both cases with revenue of $942,354 and cost of $412,333 for material purchased and $466,450 for fixed and variable costs in processing, for total cost of $878,783.
Since the beginning of the 19th century, America has had to deal with the on going
A Modest Proposal, written by Jonathan Swift, proposes both an outrageous idea and real solutions for helping Ireland manage their overpopulated country and eliminate poverty in 1729. Swift incorporates this idea to capture the attention of the people in Ireland and England, and prove to them they need to take action. He adopts a serious yet sarcastic tone in order to convince the citizens and readers their country needs change.
In Jonathan Swift’s satire, “A Modest Proposal”, Swift writes about the starving people of Ireland in the early 1700’s. He makes a wild and absurd proposal to help remedy the problems of overpopulation and poverty. Swift wants to make a political statement by using the “children” as satire to grasp the attention of the audience - the English people, the Irish politicians and the rich – and make them aware of the political, moral, and social problems. In “A Modest Proposal”, Swift’s arguments are presented effectively by using pathos (emotional appeal), ethos (ethics and values), and logos (logic reasoning and facts).
total value of the imports of the country. It benefits Nigeria’s oil, natural gas, coal,
If the company follow this recommendations, it will obtain a profit of $ 531,000 that represents $180,000 more than with seasonal production
Mail and Guardian (2013)Nigeria’s dangote uses $3.3bn loan to build Africa’s biggest oil refinery .6:23.Available at: http://mg.co.za/article/2013-09-05-dangote-33bn-refinery-to-turn-nigeria-into-oil-exporter [Accessed: 5 September 2013]
We know that it was going to be expensive to produce the product but we are confident that no matter the cost of production, our sales would greatly succeed the cost. The cost of producing a 5 oz. can was about 75 to 80 cents if they can produce 100,000 per month. If we were to produce 50,000 cans per month, that cost would rise by 5 to 10 cents per can. A 10 oz. can would cost about 25% more than a 5 oz. can would to produce. With those numbers, 100,000 5 oz. cans would cost us about $900,000-$960,000 per year to produce. 50,000 5 oz. cans would cost us $750,000. 100,000 10 oz. cans would cost us $1.125M-$1.2M a year...
Nigerian Breweries is the most funded quoted company on the Nigerian Stock Exchange (NSE), it is also the first Nigerian company in any sector to declare N12 billion in Polybutylene terephthalate (PBT) and the first company in Nigerian history to declare a dividend of N8 billion
Nigeria 's economy dominated by oil . 16 Jan. 2002 . BBC news. 22 Apr. 2005 .
Before the pre oil-boom period (before 1968), Nigeria was the leading World Exporter of palm oil. Her country producing about 34.14 % and was followed by Indonesia, Congo and Malaysia which were producing about 23.82 %, 19.15 % and 14.36 % respectively (Kibly, 1968; Commonwealth Economic Committee (CEC), 1966). However, in recent statistics, Nigeria has lost this position where its currently producing about 1 % and still struggling to maintain the domestic consumption as oppose Indonesia and Malaysia that were formerly below it that are now exporting 48.03 % and 41.40 % respectively (Food and Agriculture Organization of the United Nations Statistics (FAOSTAT), 2013; United State Department of Agriculture (USDA), 2014; GPOC, 2015).
The measure of petroleum abundance and production in Nigeria is measured by the United States. According to the statistical data and the U.S. measures, Nigeria reserves make the country the tenth petroleum-richest nation, and by far, one of the most affluent countries in Africa. In the middle of 2001 its crude oil production was averaging around 2.2 million barrels per day. Though, there is a very prominent market for offshore rigs, nearly all of Nigeria’s primary reserves are in and around the delta of the Niger river. Ever since Nigeria became independent, it is one of the few oil producing countries that can increase its oil output drastically. The g...
... effort to repair its economy, President Goodluck Jonathan took away the country’s fuel subsidy, this caused very high rate of inflation in Nigeria and he was forced to give the subsidy back (CITATION). Nigeria produce s two million barrels of crude oil a day, but because of poor management and corruption, Nigeria exports most of the crude oil and imports gas (CITATION). The mis-management by the government has caused a lot of trouble for the Nigerian as they are not given the benefits of the resources produced in the country, instead all the benefits are used by the small elite who work with the government or has some kind of ties with them. There was a case when the Governor of Nigerian central bank raised his voice regarding the missing $20 Billion and he was fired on the basis of mis-conduct and was not allowed to appeal his case in high court (CITATION).
Our organization encourages the Nigerian government to reduce its reliance on oil revenue, therefore diversifying the Nigerian economy. Today oil accounts for 80% of government revenue in Nigeria, although oil accounts for only 15% of the GDP. Our organization plans to work with Nigerian authorities to make agriculture their first economic priority. The Nigerian government must understand the importance of agricultural development in sustaining large growing populations. Therefore, in order to facilitate self-sufficiency Akinwumi Adesina, Nigeria’s agriculture minister, said last year, “In Nigeria, we’re making agriculture the new oil.”(Adesina, 2014) by developing agriculture in Nigeria the economy will diversify reducing the impact of oil supply and demand on the economy. Further increasing Nigeria’s ability to develop sustainable agricultural production reducing dependency on imported agricultural
... largest in the world. In 1987, crude oil reserves totalled 16 billion barrels. Nigeria is a member of OPEC (the Organization of Petroleum Exporting Countries. Nigeria also has vast largely unexplored natural gas reserves, the world's fifth largest. Dozens of European and American businesses are currently exploring joint venture businesses in gas production. But Nigerians themselves now realize the danger of over-dependence on the oil sector. In the past few years, deliberate attempts have been made to concentrate on agriculture and encourage manufacturing. Various schemes have been established to assist farmers at every level, resulting in impressive cutbacks in Nigeria's food import bills while changes in Nigeria's industrial policy are encouraging foreign participation in manufacturing.