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MGT 4478 MANAGING IN A GLOBAL ENVIRONMENT GUIDELINES FOR INDIVIDUAL WRITTEN COUNTRY STUDY 1. Follow the steps below: • • • • • Research the chosen country. Choose an appropriate product/service to introduce into the country (newer items only or new to int’l business companies, if you are from Georgia you can’t sell Coke). Research a service or product line of a native Alabama (or the state you call home) company (not foreign-owned), your choice; if you are a foreign-born student, you will sell a product /service from your home country (not foreign-owned) to sell in the assigned country. Do further research on the country focusing on the information relevant to the product/service. Write the paper following the outline below in #4: 2. Use a minimum of five sources. Newspaper articles (Wall Street Journal) and popular business publications (Business Week, Fortune) are some of the best sources because they are current. Changes occur rapidly in the international environment for business, so only sources that have been published in the last 5 years are reliable (sometimes the very latest [this semester] sources are most important). Use the following many times, (Hill, 2013, p. xx). Cite all sources and arrange headings according to the Publication Manual of the American Psychological Association, 6th Edition (APA style). Only sources with identifiable authors are acceptable. That means a person’s name has to be attached to the article! (There are ONLY two exceptions; company web page and CIA website.) A full reference page is required. 3. The paper will be 8 printed pages of text, cover sheet and reference page are extra. The paper will be double-spaced, 1" margins, numbered pages (first page of text is 1), and Times New Roman 12 pt font. Spelling, typographical errors, and poor grammar count (off). Use third person (no I, me, or we). This is a formal business report. This is not a creative writing project. I do not want your opinion. State the facts and draw a conclusion. 4. Follow the outline below. Use headings/subheadings. You must include the BOLD/bold ones. INTRODUCTION Describe your company and reasons for going international. Describe rational for the choice of product/service. Make it very clear what product or service you are selling and who your customer (B2B?) will be. 10 10 10 INTERNATIONAL MANAGEMENT FACTORS Strategy. What is the strategy? Why? (global/trans/multi/int’l) Entry strategy and reasons why. (export, FDI, JV…) Structure “ Staffing Philosophy “ Remember strategy, structure, and staffing must “fit together”. 20 20 10 10 SUMMARY How do you plan to ensure a long-term cooperative relationship with your host country? 10 Total 100 WRITTEN REPORT GRADING RUBRIC o A (90-100) The paper is well organized both overall and at the paragraph level. Sentences are smooth and carefully crafted. There are virtually no errors in punctuation or spelling, grammar or usage. Words are chosen with precision. Informal language (i.e., slang) or dialect is used only when appropriate. The paper avoids triteness and unwarranted generalization: the language is fresh and vivid. The paper is tight, not wordy. The ideas show a thorough understanding of the work and are often insightful; the ideas are developed and supported. The ideas illuminate the work as a whole and do not contradict other parts of the work or overlook parts, which are relevant to the topic. The writer keeps his/her audience in mind and, as a consequence, the paper engages and interests the reader. Citations of authors and literature in the field are abundant, add insight, and clarify ideas stated. o B (80-89) The paper is well-organized, but the paragraph structure may sometimes be disjointed. The paper may have a few awkward passages and a few errors in punctuation, spelling, grammar or usage. The language may at times be too general; it may lack the freshness or precision of the "A" paper. But none of these errors is glaring or highly distracting. The ideas are worthwhile and show good understanding of the work; they are sometimes insightful, generally well developed, and well supported. The ideas help illuminate the work as a whole and contradict or overlook no major aspects. While the paper is always clear and thus suggests that the writer had his/her audience in mind in a general way, the style or presentation of the ideas does not always engage or interest the reader. Citations of authors and literature in the field add clarity to the ideas stated. o C (70-79) The paper is basically well-organized, though individual paragraphs may be disunited or misplaced. Generally, however, the paper shows that the writer has followed a logical plan. The writing is competent, but often wordy, overly general, imprecise, or trite. Sentences may at times be awkwardly constructed, but their meaning is clear. Grammar, punctuation, spelling, and usage are not highly distracting, but there may be some errors. The ideas are generally worthwhile, but not very insightful; development and support are present but sometimes less than adequate. The ideas illuminate parts of the work, but not the whole; no major aspects of the work are contradicted or entirely disregarded. While the writing is usually competent, the writer does little to interest or engage the reader in what he/she has to say. Citations of a thesis and literature in the field add limited clarity or misrepresent the ideas stated. o D (60-69) The paper is poorly organized, though there is a recognizable thesis. Some sentences may be so confused that their meaning does not clearly emerge. Words may be imprecise, incorrect, trite or vague. In general, however, the paper is understandable. Ideas are generally superficial and weakly developed or supported, although some development and support are present. Obvious aspects of the work have been overlooked or disregarded; some significant facts may be incorrect. Audience "engagement" cannot occur, although the writer may have attempted to elicit it, because of the serious deficiencies already noted. Citations are limited or missing. o F (0-59) The paper lacks a clear thesis; the language or sentence structure is so muddled as to be unclear in several spots; or the errors in punctuation, spelling, grammar, and usage are highly distracting. The ideas are superficial and show no real understanding of the work beyond, perhaps, plots; important facts are incorrect. The paper relies on generalizations with little or no development or support. The paper blatantly overlooks, disregards, or contradicts important aspects of the work. Under any of these conditions audience "engagement" is impossible. NIGERIA 1 CLASS GREETING IN NIGERIAN’S POPULAR PIDGIN ENGLISH. CLASS UNA’ GOOD AFTERNOON OOO’ HOW ‘UNA DAY RES: WE DEY FINE’ 2 Wa zo bia. Meaning “Come” IMPORTANT FACTS ABOUT NIGERIA THINGS YOU DON’T KNOW ABOUT NIGERIA. 3 NIGERIAN’S CURRENCIES. The Nigerian Naira is the currency of Nigeria. Our currency rankings show that the most popular Nigeria Naira exchange rate is the NGN to USD rate. The currency code for Nairas is NGN, and the currency symbol is ₦. NGN Profile Exchange rate to a dollar is N163.6 to a $ Inflation: 8.7% Coins: Freq Used: ₦1, ₦2, 50 Banknotes: Freq Used: ₦5, ₦10, ₦20, ₦50, ₦100, ₦200, ₦500, ₦1000 Central Bank: Central Bank of Nigeria Website: http://www.cenbank.org 4 5 MAP OF AFRICAN 6 Nigeria got their independence in October 1st 1960 Has 36 states and Abuja is the state capital. While Lagos is the populous city of commerce in Africa 7 NIGERIA COAT OF ARMS  The Coat of Arms of Nigeria has a black shield with two white lines that form in a "Y" shape. The black shield represents Nigeria's fertile soil, while the two horses or chargers on each side represent dignity. 8 Nigeria flag The Flag of Nigeria was designed in 1959 and first officially hoisted on October 1, 1960. The two unique sea-green bands represent the forests and abundant natural wealth of Nigeria while the white band represents peace. 9 NIGERIA HAS A DEMOCRATIC RULE  CURRENT PRESIDENT  PRESIDENT GOODLUCK JONATHAN 10 NIGERIA DID YOU KNOW  Nigeria’s flag is three equal vertical bands of green (hoist side), white, and green  Officially Nigeria is named the Federal Republic of Nigeria,  Nigeria is a federal constitutional republic made up of thirty-six states  And a Federal Capital Territory. 11 NIGERIA DID YOU KNOW Nigeria is located in West Africa and shares land borders with countries like the Republic of Benin in the west, Chad and Cameroon in the east, and Niger in the north. 12 NIGERIA DID YOU KNOW Birth rate in Nigeria: 39.98 births/1,000 population (2008 est.) Nigeria, Africa's most populous country has 173.6 million (2013), is composed of more than 250 ethnic groups; the following are the most populous and politically influential: Hausa and Fulani 29%, Yoruba 21%, Igbo (Ibo) 18%, Ijaw 10%, Kanuri 4%, Ibibio 3.5%, Tiv 2.5% 13 NIGERIA DID YOU KNOW  Nigeria is currently experiencing its longest period of civilian rule since independence.  The general elections of April 2007 marked the first civilian-to-civilian transfer of power in the country's history. 14 NIGERIA DID YOU KNOW  Although human rights violations in Nigeria have been commonplace under military rule, 1993 was a particularly challenging year for Nigerian human rights groups.  During the Abacha must go crisis, the human rights community banded together under a coalition called the Campaign for Democracy (CD). 15 NIGERIA DID YOU KNOW Nigeria has a diverse and large human rights community.  Nigerian human rights presence can be felt throughout the nation especially in times of crisis.  Many human rights activists and organizations in Nigeria are faced with harassment, police brutality,  torture and sometimes killed 16 NIGERIA DID YOU KNOW  Advocacy and awareness groups in Nigeria include Civil Liberties Organization (CLO)  Constitutional Rights Project (CRP),  Committee for the Defence of Human Rights (CDHR),  Institute of Human Rights and Humanitarian Law. 17 NIGERIA DID YOU KNOW  Some other organizations produce materials and hold conferences and seminars to raise awareness in Nigeria.  These include the National Institute for Advanced Legal Studies (NIALS)  Human Rights Africa and the Legal Research and Resource Development Centre.  Ogoni People's Organization, and the National Association of Democratic Lawyers, which address human rights issues. 18 NIGERIA DID YOU KNOW     One time defence Minister General Sani Abacha forced the interim government to resign Thus staging the seventh coup d'etat since Nigeria's independence. Abacha’s regime banned all political meetings and associations during the ‘Abacha must go’ crisis. No timetable was set for the return to civilian rule. 19 NIGERIA DID YOU KNOW After nearly 16 years of military rule, a new constitution was adopted in 1999, and a peaceful transition to civilian government was completed.  The government continues to face the daunting task of reforming a petroleum-based economy  The country's revenues have been squandered through corruption and mismanagement, and institutionalizing democracy.  20 NIGERIA DID YOU KNOW blessed with and rich in natural gas,  Nigeria is  petroleum,  tin, iron ore,  coal, limestone,  niobium, lead,  zinc, arable land 21 NIGERIA IN AFRICA DID YOU KNOW That NIGERIA is among the next 11 List Countries in the emerging "BRIC" economies. 22 NIGERIA IN AFRICA The Next Eleven (known also by the numeronym N-11) are the eleven countries – Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, the Philippines, Turkey, South Korea and Vietnam – identified by Goldman Sachs investment bank and economist Jim O'Neill in a research paper as having a high potential of becoming, along with the BRICs, the world's largest economies in the 21st century] 23 NIGERIA DID YOU KNOW The Next Eleven (or N-11) are eleven countries —Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, Philippines, South Korea, Turkey, and Vietnam. 24 NIGERIA DID YOU KNOW  Nigeria officially became one of the N-11 countries on 12th December 2005.  Nigeria has got high potential of becoming the world's largest economies along with the BRICs.  They were identified and chosen by identified by Goldman Sachs investment bank.  Because of their promising outlooks for investment and future growth. 25 NIGERIA DID YOU KNOW N–11 COUNTRIES ARE SELECTED USING  Using macroeconomic stability,  political maturity,  Openness of trade  Investment policies and  quality of education as criteria.  The N11 countries share the characteristics of rapidly growing populations combined with significant industrial capacity or potential 26 NIGERIA 27 28 29 Number 3. Nigeria has 3 Powerful Tribes YORUBA HAUSA IGBO 30 NUMBER 4 NIGERIA HAS THE 4TH LARGEST NUMBER OF DOCTORS IN THE WORLD. 31 Number 5. Nigeria has the 5th Largest Gas reserve and export in the world. With well over 100 trillion cubic feet of gas in reserve. 32 Nigeria is the 6th largest producer of crude oil in the whole world NUMBER 6 33 34 Number 8. Nigeria is the 8th Largest Exporter of Oil in The World 35 NUMBER 9 Nigeria has 9 major rivers that waters the land. The two major ones being River Niger RIVER BENUE AND Making the arable lands in Nigeria one of the most fertile in the world! 36 Number 10. 37 NUMBER 11. NIGERIA IS TH THE 11 LARGEST ECONOMY IN THE WORLD. 38 WE ARE THE 12TH LARGEST PRODUCER OF OIL IN THE WORLD. WITH A PRODUCTION OF 2.28 MILLION BARRELS PER DAY. 39 40 NIGERIA IS The 2nd largest deposit of bitumen in the world is found in Nigeria. Bitumen is a sticky subsatnce which is obtained from tar or oil used in making roads 41 If you go to the Niger Delta area of Nigeria and step firmly on the soil, petroleum will gush up! 42 The economy of Nigeria is bigger and more viable than the combination of that of all the West African countries all-together. 43 Nsibidi is an ancient form of writing that was discovered in Nigeria over a thousand years ago. This is one of the earliest form of writing by man on earth 44 Nigcom-sat a Nigerian satellite built in 2004 was Nigeria's third and Africa's first communication satellite launched on 13th may 2007. Till now, no African nation has a space communication satellite. 45 46 47 The Earliest form of art found in West Africa were found in Nigeria-this is the Iron Age Nook culture 48 The highest point in Nigeria is the Chappel Wade, in Taraba state. It measures 7, 936 ft above sea level. 49 Obudu Cattle Ranch, in Obudu Local Government of Cross River State in Nigeria is a wonder of nature, a highland that is renowned to be capable of having four different weathers in 24hrsSummer in the morning, Winter towards the noon, Autum at late afternoon and Spring at night. 50 There is virtually no state in Nigeria without a mineral resource. Some has as much as between 15-20 different mineral resources. Oil has just been discovered in about 5 new sites in Nigeria. As large as some countries are, some contain no mineral resources 51 52 53 The Ramparts at Eredo in Nigeria are reputed to be walls of the ancient kingdom of the Queen of Sheba. 54 Nigeria has more writers and authors than the rest of West Africa combined 55 NIGERIA’S FAMOUS AUTHORS CYPRIAN EKWESI CHINWE ACHEBE 56 WOLE SOYINKA The largest Christian gathering in the whole world have been held in Nigeria in 1999 by the Redeemed Christian Church of God…a single attendance of 12 Million worshippers. 57 Despite the prevailing situations in the country presently, Nigerians are the 3rd most optimistic people on earth, they rank ahead of America, Canada etc 58 Nigerians has been socially confirmed as the happiest people on earth 59 60 BUSINESS ETIQUETTE IN NIGERIA Greetings Greeting processes are very important in Nigeria, and it is rare to just greet someone in passing. Take time to exchange pleasantries and ask about each other’s well-being. Establishing a personal relationship with your colleagues and superiors is common In Nigeria. You can expect the first two hours to be spent on getting to know your business contacts. Family and health matters are very important in Nigeria, and they will inevitably be brought up. Nigerian Time Generally, Nigerians live and work at a more relaxed pace than you might be to. Punctuality is valued, but sticking to schedules is less important than an individual’s particular situation 61 NIGERIA DISHES 62 NIGERIAN TRADITIONAL ATTIRE 63 INTERESTING VIDEOS OF NIGERA Nigeria you don’t see on tv http://www.youtube.com/watch?v=N5KX m2yu1WM NIGERIAN MOVIES TITLE “CRIPPLED SOUL” http://www.youtube.com/watch?v=4fPqSDJDbA NIGERIA MUSIC http://www.youtube.com/watch?v=_vg2A G5sEdw NIGERIAN MOVIES TITLE “lust” http://www.youtube.com/watch?v=1uzc5 OIx_W0 CHALLENGES IN DOING BUSINESS IN NIGERIA http://www.youtube.com/watch?v=Y9mjS 7Q37LA 64 9ja for life! 65 NIGERIA 1 CLASS GREETING IN NIGERIAN’S POPULAR PIDGIN ENGLISH. CLASS UNA’ GOOD AFTERNOON OOO’ HOW ‘UNA DAY RES: WE DEY FINE’ 2 Wa zo bia. Meaning “Come” IMPORTANT FACTS ABOUT NIGERIA THINGS YOU DON’T KNOW ABOUT NIGERIA. 3 NIGERIAN’S CURRENCIES. The Nigerian Naira is the currency of Nigeria. Our currency rankings show that the most popular Nigeria Naira exchange rate is the NGN to USD rate. The currency code for Nairas is NGN, and the currency symbol is ₦. NGN Profile Exchange rate to a dollar is N163.6 to a $ Inflation: 8.7% Coins: Freq Used: ₦1, ₦2, 50 Banknotes: Freq Used: ₦5, ₦10, ₦20, ₦50, ₦100, ₦200, ₦500, ₦1000 Central Bank: Central Bank of Nigeria Website: http://www.cenbank.org 4 5 MAP OF AFRICAN 6 Nigeria got their independence in October 1st 1960 Has 36 states and Abuja is the state capital. While Lagos is the populous city of commerce in Africa 7 NIGERIA COAT OF ARMS  The Coat of Arms of Nigeria has a black shield with two white lines that form in a "Y" shape. The black shield represents Nigeria's fertile soil, while the two horses or chargers on each side represent dignity. 8 Nigeria flag The Flag of Nigeria was designed in 1959 and first officially hoisted on October 1, 1960. The two unique sea-green bands represent the forests and abundant natural wealth of Nigeria while the white band represents peace. 9 NIGERIA HAS A DEMOCRATIC RULE  CURRENT PRESIDENT  PRESIDENT GOODLUCK JONATHAN 10 NIGERIA DID YOU KNOW  Nigeria’s flag is three equal vertical bands of green (hoist side), white, and green  Officially Nigeria is named the Federal Republic of Nigeria,  Nigeria is a federal constitutional republic made up of thirty-six states  And a Federal Capital Territory. 11 NIGERIA DID YOU KNOW Nigeria is located in West Africa and shares land borders with countries like the Republic of Benin in the west, Chad and Cameroon in the east, and Niger in the north. 12 NIGERIA DID YOU KNOW Birth rate in Nigeria: 39.98 births/1,000 population (2008 est.) Nigeria, Africa's most populous country has 173.6 million (2013), is composed of more than 250 ethnic groups; the following are the most populous and politically influential: Hausa and Fulani 29%, Yoruba 21%, Igbo (Ibo) 18%, Ijaw 10%, Kanuri 4%, Ibibio 3.5%, Tiv 2.5% 13 NIGERIA DID YOU KNOW  Nigeria is currently experiencing its longest period of civilian rule since independence.  The general elections of April 2007 marked the first civilian-to-civilian transfer of power in the country's history. 14 NIGERIA DID YOU KNOW  Although human rights violations in Nigeria have been commonplace under military rule, 1993 was a particularly challenging year for Nigerian human rights groups.  During the Abacha must go crisis, the human rights community banded together under a coalition called the Campaign for Democracy (CD). 15 NIGERIA DID YOU KNOW Nigeria has a diverse and large human rights community.  Nigerian human rights presence can be felt throughout the nation especially in times of crisis.  Many human rights activists and organizations in Nigeria are faced with harassment, police brutality,  torture and sometimes killed 16 NIGERIA DID YOU KNOW  Advocacy and awareness groups in Nigeria include Civil Liberties Organization (CLO)  Constitutional Rights Project (CRP),  Committee for the Defence of Human Rights (CDHR),  Institute of Human Rights and Humanitarian Law. 17 NIGERIA DID YOU KNOW  Some other organizations produce materials and hold conferences and seminars to raise awareness in Nigeria.  These include the National Institute for Advanced Legal Studies (NIALS)  Human Rights Africa and the Legal Research and Resource Development Centre.  Ogoni People's Organization, and the National Association of Democratic Lawyers, which address human rights issues. 18 NIGERIA DID YOU KNOW     One time defence Minister General Sani Abacha forced the interim government to resign Thus staging the seventh coup d'etat since Nigeria's independence. Abacha’s regime banned all political meetings and associations during the ‘Abacha must go’ crisis. No timetable was set for the return to civilian rule. 19 NIGERIA DID YOU KNOW After nearly 16 years of military rule, a new constitution was adopted in 1999, and a peaceful transition to civilian government was completed.  The government continues to face the daunting task of reforming a petroleum-based economy  The country's revenues have been squandered through corruption and mismanagement, and institutionalizing democracy.  20 NIGERIA DID YOU KNOW blessed with and rich in natural gas,  Nigeria is  petroleum,  tin, iron ore,  coal, limestone,  niobium, lead,  zinc, arable land 21 NIGERIA IN AFRICA DID YOU KNOW That NIGERIA is among the next 11 List Countries in the emerging "BRIC" economies. 22 NIGERIA IN AFRICA The Next Eleven (known also by the numeronym N-11) are the eleven countries – Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, the Philippines, Turkey, South Korea and Vietnam – identified by Goldman Sachs investment bank and economist Jim O'Neill in a research paper as having a high potential of becoming, along with the BRICs, the world's largest economies in the 21st century] 23 NIGERIA DID YOU KNOW The Next Eleven (or N-11) are eleven countries —Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, Philippines, South Korea, Turkey, and Vietnam. 24 NIGERIA DID YOU KNOW  Nigeria officially became one of the N-11 countries on 12th December 2005.  Nigeria has got high potential of becoming the world's largest economies along with the BRICs.  They were identified and chosen by identified by Goldman Sachs investment bank.  Because of their promising outlooks for investment and future growth. 25 NIGERIA DID YOU KNOW N–11 COUNTRIES ARE SELECTED USING  Using macroeconomic stability,  political maturity,  Openness of trade  Investment policies and  quality of education as criteria.  The N11 countries share the characteristics of rapidly growing populations combined with significant industrial capacity or potential 26 NIGERIA 27 28 29 Number 3. Nigeria has 3 Powerful Tribes YORUBA HAUSA IGBO 30 NUMBER 4 NIGERIA HAS THE 4TH LARGEST NUMBER OF DOCTORS IN THE WORLD. 31 Number 5. Nigeria has the 5th Largest Gas reserve and export in the world. With well over 100 trillion cubic feet of gas in reserve. 32 Nigeria is the 6th largest producer of crude oil in the whole world NUMBER 6 33 34 Number 8. Nigeria is the 8th Largest Exporter of Oil in The World 35 NUMBER 9 Nigeria has 9 major rivers that waters the land. The two major ones being River Niger RIVER BENUE AND Making the arable lands in Nigeria one of the most fertile in the world! 36 Number 10. 37 NUMBER 11. NIGERIA IS TH THE 11 LARGEST ECONOMY IN THE WORLD. 38 WE ARE THE 12TH LARGEST PRODUCER OF OIL IN THE WORLD. WITH A PRODUCTION OF 2.28 MILLION BARRELS PER DAY. 39 40 NIGERIA IS The 2nd largest deposit of bitumen in the world is found in Nigeria. Bitumen is a sticky subsatnce which is obtained from tar or oil used in making roads 41 If you go to the Niger Delta area of Nigeria and step firmly on the soil, petroleum will gush up! 42 The economy of Nigeria is bigger and more viable than the combination of that of all the West African countries all-together. 43 Nsibidi is an ancient form of writing that was discovered in Nigeria over a thousand years ago. This is one of the earliest form of writing by man on earth 44 Nigcom-sat a Nigerian satellite built in 2004 was Nigeria's third and Africa's first communication satellite launched on 13th may 2007. Till now, no African nation has a space communication satellite. 45 46 47 The Earliest form of art found in West Africa were found in Nigeria-this is the Iron Age Nook culture 48 The highest point in Nigeria is the Chappel Wade, in Taraba state. It measures 7, 936 ft above sea level. 49 Obudu Cattle Ranch, in Obudu Local Government of Cross River State in Nigeria is a wonder of nature, a highland that is renowned to be capable of having four different weathers in 24hrsSummer in the morning, Winter towards the noon, Autum at late afternoon and Spring at night. 50 There is virtually no state in Nigeria without a mineral resource. Some has as much as between 15-20 different mineral resources. Oil has just been discovered in about 5 new sites in Nigeria. As large as some countries are, some contain no mineral resources 51 52 53 The Ramparts at Eredo in Nigeria are reputed to be walls of the ancient kingdom of the Queen of Sheba. 54 Nigeria has more writers and authors than the rest of West Africa combined 55 NIGERIA’S FAMOUS AUTHORS CYPRIAN EKWESI CHINWE ACHEBE 56 WOLE SOYINKA The largest Christian gathering in the whole world have been held in Nigeria in 1999 by the Redeemed Christian Church of God…a single attendance of 12 Million worshippers. 57 Despite the prevailing situations in the country presently, Nigerians are the 3rd most optimistic people on earth, they rank ahead of America, Canada etc 58 Nigerians has been socially confirmed as the happiest people on earth 59 60 BUSINESS ETIQUETTE IN NIGERIA Greetings Greeting processes are very important in Nigeria, and it is rare to just greet someone in passing. Take time to exchange pleasantries and ask about each other’s well-being. Establishing a personal relationship with your colleagues and superiors is common In Nigeria. You can expect the first two hours to be spent on getting to know your business contacts. Family and health matters are very important in Nigeria, and they will inevitably be brought up. Nigerian Time Generally, Nigerians live and work at a more relaxed pace than you might be to. Punctuality is valued, but sticking to schedules is less important than an individual’s particular situation 61 NIGERIA DISHES 62 NIGERIAN TRADITIONAL ATTIRE 63 INTERESTING VIDEOS OF NIGERA Nigeria you don’t see on tv http://www.youtube.com/watch?v=N5KX m2yu1WM NIGERIAN MOVIES TITLE “CRIPPLED SOUL” http://www.youtube.com/watch?v=4fPqSDJDbA NIGERIA MUSIC http://www.youtube.com/watch?v=_vg2A G5sEdw NIGERIAN MOVIES TITLE “lust” http://www.youtube.com/watch?v=1uzc5 OIx_W0 CHALLENGES IN DOING BUSINESS IN NIGERIA http://www.youtube.com/watch?v=Y9mjS 7Q37LA 64 9ja for life! 65 NIGERIA 1 CLASS GREETING IN NIGERIAN’S POPULAR PIDGIN ENGLISH. CLASS UNA’ GOOD AFTERNOON OOO’ HOW ‘UNA DAY RES: WE DEY FINE’ 2 Wa zo bia. Meaning “Come” IMPORTANT FACTS ABOUT NIGERIA THINGS YOU DON’T KNOW ABOUT NIGERIA. 3 NIGERIAN’S CURRENCIES. The Nigerian Naira is the currency of Nigeria. Our currency rankings show that the most popular Nigeria Naira exchange rate is the NGN to USD rate. The currency code for Nairas is NGN, and the currency symbol is ₦. NGN Profile Exchange rate to a dollar is N163.6 to a $ Inflation: 8.7% Coins: Freq Used: ₦1, ₦2, 50 Banknotes: Freq Used: ₦5, ₦10, ₦20, ₦50, ₦100, ₦200, ₦500, ₦1000 Central Bank: Central Bank of Nigeria Website: http://www.cenbank.org 4 5 MAP OF AFRICAN 6 Nigeria got their independence in October 1st 1960 Has 36 states and Abuja is the state capital. While Lagos is the populous city of commerce in Africa 7 NIGERIA COAT OF ARMS  The Coat of Arms of Nigeria has a black shield with two white lines that form in a "Y" shape. The black shield represents Nigeria's fertile soil, while the two horses or chargers on each side represent dignity. 8 Nigeria flag The Flag of Nigeria was designed in 1959 and first officially hoisted on October 1, 1960. The two unique sea-green bands represent the forests and abundant natural wealth of Nigeria while the white band represents peace. 9 NIGERIA HAS A DEMOCRATIC RULE  CURRENT PRESIDENT  PRESIDENT GOODLUCK JONATHAN 10 NIGERIA DID YOU KNOW  Nigeria’s flag is three equal vertical bands of green (hoist side), white, and green  Officially Nigeria is named the Federal Republic of Nigeria,  Nigeria is a federal constitutional republic made up of thirty-six states  And a Federal Capital Territory. 11 NIGERIA DID YOU KNOW Nigeria is located in West Africa and shares land borders with countries like the Republic of Benin in the west, Chad and Cameroon in the east, and Niger in the north. 12 NIGERIA DID YOU KNOW Birth rate in Nigeria: 39.98 births/1,000 population (2008 est.) Nigeria, Africa's most populous country has 173.6 million (2013), is composed of more than 250 ethnic groups; the following are the most populous and politically influential: Hausa and Fulani 29%, Yoruba 21%, Igbo (Ibo) 18%, Ijaw 10%, Kanuri 4%, Ibibio 3.5%, Tiv 2.5% 13 NIGERIA DID YOU KNOW  Nigeria is currently experiencing its longest period of civilian rule since independence.  The general elections of April 2007 marked the first civilian-to-civilian transfer of power in the country's history. 14 NIGERIA DID YOU KNOW  Although human rights violations in Nigeria have been commonplace under military rule, 1993 was a particularly challenging year for Nigerian human rights groups.  During the Abacha must go crisis, the human rights community banded together under a coalition called the Campaign for Democracy (CD). 15 NIGERIA DID YOU KNOW Nigeria has a diverse and large human rights community.  Nigerian human rights presence can be felt throughout the nation especially in times of crisis.  Many human rights activists and organizations in Nigeria are faced with harassment, police brutality,  torture and sometimes killed 16 NIGERIA DID YOU KNOW  Advocacy and awareness groups in Nigeria include Civil Liberties Organization (CLO)  Constitutional Rights Project (CRP),  Committee for the Defence of Human Rights (CDHR),  Institute of Human Rights and Humanitarian Law. 17 NIGERIA DID YOU KNOW  Some other organizations produce materials and hold conferences and seminars to raise awareness in Nigeria.  These include the National Institute for Advanced Legal Studies (NIALS)  Human Rights Africa and the Legal Research and Resource Development Centre.  Ogoni People's Organization, and the National Association of Democratic Lawyers, which address human rights issues. 18 NIGERIA DID YOU KNOW     One time defence Minister General Sani Abacha forced the interim government to resign Thus staging the seventh coup d'etat since Nigeria's independence. Abacha’s regime banned all political meetings and associations during the ‘Abacha must go’ crisis. No timetable was set for the return to civilian rule. 19 NIGERIA DID YOU KNOW After nearly 16 years of military rule, a new constitution was adopted in 1999, and a peaceful transition to civilian government was completed.  The government continues to face the daunting task of reforming a petroleum-based economy  The country's revenues have been squandered through corruption and mismanagement, and institutionalizing democracy.  20 NIGERIA DID YOU KNOW blessed with and rich in natural gas,  Nigeria is  petroleum,  tin, iron ore,  coal, limestone,  niobium, lead,  zinc, arable land 21 NIGERIA IN AFRICA DID YOU KNOW That NIGERIA is among the next 11 List Countries in the emerging "BRIC" economies. 22 NIGERIA IN AFRICA The Next Eleven (known also by the numeronym N-11) are the eleven countries – Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, the Philippines, Turkey, South Korea and Vietnam – identified by Goldman Sachs investment bank and economist Jim O'Neill in a research paper as having a high potential of becoming, along with the BRICs, the world's largest economies in the 21st century] 23 NIGERIA DID YOU KNOW The Next Eleven (or N-11) are eleven countries —Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, Philippines, South Korea, Turkey, and Vietnam. 24 NIGERIA DID YOU KNOW  Nigeria officially became one of the N-11 countries on 12th December 2005.  Nigeria has got high potential of becoming the world's largest economies along with the BRICs.  They were identified and chosen by identified by Goldman Sachs investment bank.  Because of their promising outlooks for investment and future growth. 25 NIGERIA DID YOU KNOW N–11 COUNTRIES ARE SELECTED USING  Using macroeconomic stability,  political maturity,  Openness of trade  Investment policies and  quality of education as criteria.  The N11 countries share the characteristics of rapidly growing populations combined with significant industrial capacity or potential 26 NIGERIA 27 28 29 Number 3. Nigeria has 3 Powerful Tribes YORUBA HAUSA IGBO 30 NUMBER 4 NIGERIA HAS THE 4TH LARGEST NUMBER OF DOCTORS IN THE WORLD. 31 Number 5. Nigeria has the 5th Largest Gas reserve and export in the world. With well over 100 trillion cubic feet of gas in reserve. 32 Nigeria is the 6th largest producer of crude oil in the whole world NUMBER 6 33 34 Number 8. Nigeria is the 8th Largest Exporter of Oil in The World 35 NUMBER 9 Nigeria has 9 major rivers that waters the land. The two major ones being River Niger RIVER BENUE AND Making the arable lands in Nigeria one of the most fertile in the world! 36 Number 10. 37 NUMBER 11. NIGERIA IS TH THE 11 LARGEST ECONOMY IN THE WORLD. 38 WE ARE THE 12TH LARGEST PRODUCER OF OIL IN THE WORLD. WITH A PRODUCTION OF 2.28 MILLION BARRELS PER DAY. 39 40 NIGERIA IS The 2nd largest deposit of bitumen in the world is found in Nigeria. Bitumen is a sticky subsatnce which is obtained from tar or oil used in making roads 41 If you go to the Niger Delta area of Nigeria and step firmly on the soil, petroleum will gush up! 42 The econom y of N igeria is bigger and m ore viable than the com bination ofthat ofallthe W est A frican countries all-together. 43 Nsibidi is an ancient form of writing that was discovered in Nigeria over a thousand years ago. This is one of the earliest form of writing by man on earth 44 Nigcom-sat a Nigerian satellite built in 2004 was Nigeria's third and Africa's first communication satellite launched on 13th may 2007. Till now, no African nation has a space communication satellite. 45 46 47 The Earliest form of art found in West Africa were found in Nigeria-this is the Iron Age Nook culture 48 The highest point in Nigeria is the Chappel Wade, in Taraba state. It measures 7, 936 ft above sea level. 49 Obudu Cattle Ranch, in Obudu Local Government of Cross River State in Nigeria is a wonder of nature, a highland that is renowned to be capable of having four different weathers in 24hrsSummer in the morning, Winter towards the noon, Autum at late afternoon and Spring at night. 50 There is virtually no state in Nigeria without a mineral resource. Some has as much as between 15-20 different mineral resources. Oil has just been discovered in about 5 new sites in Nigeria. As large as some countries are, some contain no mineral resources 51 52 53 The Ramparts at Eredo in Nigeria are reputed to be walls of the ancient kingdom of the Queen of Sheba. 54 Nigeria has more writers and authors than the rest of West Africa combined 55 NIGERIA’S FAMOUS AUTHORS CYPRIAN EKWESI CHINWE ACHEBE 56 WOLE SOYINKA The largest Christian gathering in the whole world have been held in Nigeria in 1999 by the Redeemed Christian Church of God…a single attendance of 12 Million worshippers. 57 Despite the prevailing situations in the country presently, Nigerians are the 3rd most optimistic people on earth, they rank ahead of America, Canada etc 58 Nigerians has been socially confirmed as the happiest people on earth 59 60 BUSINESS ETIQUETTE IN NIGERIA Greetings Greeting processes are very important in Nigeria, and it is rare to just greet someone in passing. Take time to exchange pleasantries and ask about each other’s well-being. Establishing a personal relationship with your colleagues and superiors is common In Nigeria. You can expect the first two hours to be spent on getting to know your business contacts. Family and health matters are very important in Nigeria, and they will inevitably be brought up. Nigerian Time Generally, Nigerians live and work at a more relaxed pace than you might be to. Punctuality is valued, but sticking to schedules is less important than an individual’s particular situation 61 NIGERIA DISHES 62 NIGERIAN TRADITIONAL ATTIRE 63 INTERESTING VIDEOS OF NIGERA Nigeria you don’t see on tv http://www.youtube.com/watch?v=N5KX m2yu1WM NIGERIAN MOVIES TITLE “CRIPPLED SOUL” http://www.youtube.com/watch?v=4fPqSDJDbA NIGERIA MUSIC http://www.youtube.com/watch?v=_vg2A G5sEdw NIGERIAN MOVIES TITLE “lust” http://www.youtube.com/watch?v=1uzc5 OIx_W0 CHALLENGES IN DOING BUSINESS IN NIGERIA http://www.youtube.com/watch?v=Y9mjS 7Q37LA 64 9ja for life! 65
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