Oil Industry And Nigeria S Economic Development
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The Nigerian Oil Economy
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Author : J. K. Onoh
language : en
Publisher: Routledge
Release Date : 2017-09-05
The Nigerian Oil Economy written by J. K. Onoh and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-09-05 with Business & Economics categories.
The development of Nigeria's oil industry is examined comprehensively in this book, originally published in 1984. It charts the changing course of her economy and examines the dramatic effect oil has had on Nigeria's domestic and international policies. Oil has enabled her to command a powerful position in African affairs and within OPEC itself, but at the same time, has held back other forms of economic development. Nigeria's future in the oil industry, as well as in related fields such as gas, is assessed both in the light of her former policies and in the changing world economy. This book will be of interest to all concerned in the oil industry, international finance or world power politics.
Oil Boom In Nigeria And Its Consequences For The Country S Economic Development
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Author : Irina Romanova
language : en
Publisher: GRIN Verlag
Release Date : 2007-02-03
Oil Boom In Nigeria And Its Consequences For The Country S Economic Development written by Irina Romanova and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-02-03 with Foreign Language Study categories.
Seminar paper from the year 2007 in the subject English Language and Literature Studies - Culture and Applied Geography, grade: 1,3, University of Paderborn, course: Commonwealth of Nations, language: English, abstract: The energy sector plays a vital role in Nigeria’s economy since the country is endowed with abundant energy resources, such as oil, gas, coal and water. Oil was discovered in 1958 and has since the early 1970s dominated the economy. Today, Nigeria is the largest oil producer in sub-Saharan Africa and since 1971 a member of OPEC, with an estimated production volume of 2.413 million barrel/day (2005). This makes it the world's sixth largest producer. Since 1960, Nigeria has reaped an estimated US$600 billion in oil revenue. At the same time, Nigeria has the third highest number of poor people in the world, after China and India. With a per capita income of about US$ 350, around 70 million Nigerians are living on less than one US Dollar a day. Low human development level, social conflicts and enviromental degradation are just a few problems which chararterize the current state of development in Nigeria. The question to be asked is why a country such as Nigeria which is highly endowded with one of the most valuable resources has faired disproportionally badly in economic and social terms? Why has so little been done in terms of human development? Besides, the Niger Delta region - the main producer of oil in Nigeria - though being the engine of Nigeria’s economy, also presents a paradox, because the vast oil revenues have barely touched the delta’s own pervasive local poverty. Vast natural resource reserves have many implications. They may affect socio-economic and political developments of the country as well as have considerable enviromental implications. While natural resource reserves (oil and other mineral resources) constitute a potential blessing for the country that owns them, they turn out to be a curse in most cases.
The Impact Of Oil On A Developing Country
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Author : Augustine A. Ikein
language : en
Publisher:
Release Date : 1991
The Impact Of Oil On A Developing Country written by Augustine A. Ikein and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Nigeria categories.
Globalization Democracy And Oil Sector Reform In Nigeria
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Author : Adeoye O. Akinola
language : en
Publisher: Springer
Release Date : 2018-01-26
Globalization Democracy And Oil Sector Reform In Nigeria written by Adeoye O. Akinola and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-01-26 with History categories.
The Nigerian state has been oil-rich for decades, and yet perennially incapable of converting its oil resources into wealth for ordinary Nigerians. Adeoye O. Akinola tackles this “vexed” oil question by examining the political economy of efforts to deregulate the Nigerian downstream oil industry. Focusing on themes of globalization and democratization, this book considers how a resource-rich developing country like Nigeria can exploit the opportunities of globalization and navigate the pressures of democratization and the challenges of liberalization. Pairing sophisticated theoretical frameworks with firsthand accounts from actors in the oil industry, this book identifies the root causes of Nigeria’s development struggles and offers practical policy solutions for successfully deregulating the oil sector. For public officials and policymakers as well as researchers, this book offers a critical new lens on the future of natural resource management in Nigeria and the Global South.
Petroleum And Structural Change In A Developing Country
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Author : Peter O. Olayiwola
language : en
Publisher: Praeger
Release Date : 1987
Petroleum And Structural Change In A Developing Country written by Peter O. Olayiwola and has been published by Praeger this book supported file pdf, txt, epub, kindle and other format this book has been release on 1987 with Business & Economics categories.
This work explores problems in national development in the Third World using Nigeria during the petroleum boom as a case study. The book explores how historical, political, ideological, economic, social, and cultural factors affected Nigeria's development and policies. Special attention is devoted to the development paradigms that influenced Nigerian development thinking, the national planning apparatus, nationalist ideology, and the role of world market and multinational corporations. Petroleum and Structural Change in a Developing Country concludes that Nigeria has experienced growth without change and that unless structural change is implemented, real development will remain elusive.
Nigeria
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Author : International Monetary Fund. African Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2016-04-08
Nigeria written by International Monetary Fund. African Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-08 with Business & Economics categories.
This paper discusses a few selected issues of the Nigerian economy—options and strategies for a fiscal rule for oil wealth management, enhancing the effectiveness of monetary policy, and recent developments and prospects of capital flow. Despite its diversified economy, Nigeria’s fiscal policy is heavily dependent on the oil sector. This paper explores options for a formalized rule-based approach to setting a “depoliticized” budget oil price. Two boom-and-bust episodes since early 2000 have highlighted the challenges in the current monetary policy framework. Nigeria has also been characterized by sizable capital outflows, which have diminished recently.
Growing Apart
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Author : Peter Lewis
language : en
Publisher: University of Michigan Press
Release Date : 2009-12-11
Growing Apart written by Peter Lewis and has been published by University of Michigan Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-12-11 with History categories.
"Growing Apart is an important and distinguished contribution to the literature on the political economy of development. Indonesia and Nigeria have long presented one of the most natural opportunities for comparative study. Peter Lewis, one of America's best scholars of Nigeria, has produced the definitive treatment of their divergent development paths. In the process, he tells us much theoretically about when, why, and how political institutions shape economic growth." —Larry Diamond, Senior Fellow, Hoover Institution "Growing Apart is a careful and sophisticated analysis of the political factors that have shaped the economic fortunes of Indonesia and Nigeria. Both scholars and policymakers will benefit from this book's valuable insights." —Michael L. Ross, Associate Professor of Political Science, Chair of International Development Studies, UCLA "Lewis presents an extraordinarily well-documented comparative case study of two countries with a great deal in common, and yet with remarkably different postcolonial histories. His approach is a welcome departure from currently fashionable attempts to explain development using large, multi-country databases packed with often dubious measures of various aspects of 'governance.'" —Ross H. McLeod, Editor, Bulletin of Indonesian Economic Studies "This is a highly readable and important book. Peter Lewis provides us with both a compelling institutionalist analysis of economic development performance and a very insightful comparative account of the political economies of two highly complex developing countries, Nigeria and Indonesia. His well-informed account generates interesting findings by focusing on the ability of leaders in both countries to make credible commitments to the private sector and assemble pro-growth coalitions. This kind of cross-regional political economy is often advocated in the profession but actually quite rare because it is so hard to do well. Lewis's book will set the standard for a long time." —Nicolas van de Walle, John S. Knight Professor of International Studies, Cornell University Peter M. Lewis is Associate Professor and Director of the African Studies Program, Johns Hopkins University, School of Advanced International Studies.
An Analysis Of The Effects Of The Oil Industry On Economic Development In Nigeria
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Author : Inerhunwa Christopher Onosode
language : en
Publisher:
Release Date : 1998
An Analysis Of The Effects Of The Oil Industry On Economic Development In Nigeria written by Inerhunwa Christopher Onosode and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with categories.
Impact Of Strategic Management On Economic Development In Nigeria
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Author : Newman Enyioko
language : en
Publisher:
Release Date : 2020-03-02
Impact Of Strategic Management On Economic Development In Nigeria written by Newman Enyioko and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-03-02 with categories.
Research Paper (postgraduate) from the year 2020 in the subject Business economics - Business Management, Corporate Governance, course: Management, language: English, abstract: The study examined the impact of strategic management on economic development in Nigeria: a study of the oil sector. It further probed into how this has impacted on the management efficiency and effectiveness as strategic planning is essential in corporate organisations. Primary and secondary data were used for the study. The study made use of questionnaire to elicit information from employees in the oil sector. Data collected were analysed using descriptive and inferential statistics. The hypotheses were tested using the Pearson's Product Moment Correlation Coefficient to establish the significance of relationship between the various variables used in measuring performance. The results of the hypotheses revealed that there is a significant and positive correlation between strategic management and economic development in Nigeria. The study therefore, concludes that strategic planning is beneficial to organisations in achieving set goals and recommends that oil companies and other corporate organisations alike, should engage in strategic management in order to enhance economic development in Nigeria.
The Impact Of Oil On A Developing Country
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Author : Augustin Ikein
language : en
Publisher: Praeger
Release Date : 1990-12-11
The Impact Of Oil On A Developing Country written by Augustin Ikein and has been published by Praeger this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990-12-11 with Business & Economics categories.
This study provides a comprehensive and balanced analysis of the impact of the oil industry on a particular developing country--Nigeria--over a period of 32 years. Ikein uses a multidimensional approach that enables him to identify the linkage between the performance of the oil industry and the pattern of Nigeria's national and regional development. Through an in-depth examination of the various socioeconomic factors thought to influence the social well-being of a group of people, he explores whether and how the Nigerian people have been helped by the supposed benefits of oil on their economy, challenging those who see benefits in purely economic terms
