Chelsea+(+Economy-+Imports,+Exports,+Crops)

Chelsea Slaughter Passport Project Economy- Imports, Exports, Crops

__**Economy**__
 * 1) CURRENCY Currency in Nigeria is called

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Chelsea Slaughter Documentry Questions and Answers 1. What are the main sources of the Nigerian Economy? 2. How does the climate of Nigeria affect Nigeria's variety of crops? 3. Can you explain the currency of Nigeria? 4.Can you please tell me more about Nigeria's Economic history?

Back round info to be said while pictures and videos are playing.

Chelsea Slaughter:

Before oil was discovered in the late 1950s, Nigeria survived on its agriculture for its economy, and food.

Agriculture is still a part of the domestic economy, but by the 1960s, oil had replaced cocoa, peanuts, and palm products as the country's largest foreign exchange earner.

With the money made from oil, Nigeria started importing raw materials from other countries. As a result manufacturing became established.

Industry in Nigeria grew to include a full range of industries, including but not limited to food-processing, vehicles, textiles, pharmaceuticals, paper and cement.

Currency

The currency in Nigeria is called "Naira". The coin equivalents are called "Kobo" The coins are pretty much obsolete now.

100 Kobo = 1 Naira The bills are:
 * 1- Naira bill
 * 5- Naira bill
 * 20- Naira bill
 * 50- Naira bill
 * official rate: valid for certain government transaction