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Contribution Of The Petroleum Industry To The Social Economic Development Of Nigeria
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Book Synopsis Contribution of the Petroleum Industry to the Social/economic Development of Nigeria by : William Franklin West
Download or read book Contribution of the Petroleum Industry to the Social/economic Development of Nigeria written by William Franklin West and published by . This book was released on 1977 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Impact of the Petroleum Industry on the Socio-economic Development of Nigeria by : Christian Okon Efiong Enoh
Download or read book The Impact of the Petroleum Industry on the Socio-economic Development of Nigeria written by Christian Okon Efiong Enoh and published by . This book was released on 1975 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Impact of Oil on a Developing Country by : Augustine A. Ikein
Download or read book The Impact of Oil on a Developing Country written by Augustine A. Ikein and published by . This book was released on 1991 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Oil boom in Nigeria and its consequences for the country s economic development by : Irina Romanova
Download or read book Oil boom in Nigeria and its consequences for the country s economic development written by Irina Romanova and published by GRIN Verlag. This book was released on 2007-02-03 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Nigeria's Oil Economy at the Crossroads by : Francis Mesembe
Download or read book Nigeria's Oil Economy at the Crossroads written by Francis Mesembe and published by LAP Lambert Academic Publishing. This book was released on 2012 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent times, petroleum sector has play crucial role in the socio-economic development of most countries in the world especially countries with great petroleum deposits. Nigeria has benefited immensely from petroleum exploitation activities as one of the countries endowed with petroleum resources. Today, the rise in the world oil prices attracted the major oil companies like Mobil, Total, Agip, Chevron and other energy companies to invest and operate in the Petroleum industry, thus enabling Nigeria to reap instant riches from oil. The notion or assumption that petroleum proceeds really articulate sustainable development has been argued by many scholars in the field of energy economics, public policy, and environmental. As such several studies have been conducted in this regards and some show inverse correlation between the level of dependency on petroleum resources and that of sustainable development in natural resource rich countries but the conclusion vary in many resource endowed countries, this assertion is evidence in this work which analysed the risks and opportunities involve in oil exploration, production/distribution and then compares with other countries of the world.
Book Synopsis The Impact of Oil on a Developing Country by : Augustin Ikein
Download or read book The Impact of Oil on a Developing Country written by Augustin Ikein and published by Praeger. This book was released on 1990-12-11 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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
Book Synopsis Petroleum and Structural Change in a Developing Country by : Peter O. Olayiwola
Download or read book Petroleum and Structural Change in a Developing Country written by Peter O. Olayiwola and published by Praeger. This book was released on 1987 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis The Future of the Petroleum Industry in Nigeria by : Philip C. Asiodu
Download or read book The Future of the Petroleum Industry in Nigeria written by Philip C. Asiodu and published by . This book was released on 1971 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Impact of Oil on Nigeria's Economic Development by : Felix Deji Akhimie
Download or read book Impact of Oil on Nigeria's Economic Development written by Felix Deji Akhimie and published by . This book was released on 1978 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Nigeria written by Sarah Ahmad Khan and published by . This book was released on 1994 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nigeria is the most populated nation on the African continent and contains a vast wealth of natural resources. It is the largest petroleum producer in Africa, and a key exporter of oil to both Western Europe and the US, and yet the political economy of Nigeria remains one of gross indebtedness, inefficiency and mismanagement. Here, the author brings together these issues in a far-ranging account of the Nigerian oil industry. She explores the fraught relationship between the government and foreign oil companies, the financial constraints on domestic investment, and the tragic lessons of an economy dependent on oil. This is a fascinating look at the problems of this developing country trying to exploit its natural resources, and will be of interest to scholars of development studies and international business.
Book Synopsis Inter-industry Linkages and the Contribution of the Oil and Gas Industry to the Growth of the Nigerian Economy by : Musa Jega Ibrahim
Download or read book Inter-industry Linkages and the Contribution of the Oil and Gas Industry to the Growth of the Nigerian Economy written by Musa Jega Ibrahim and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Technological progress is the driving force of economic growth. The neoclassical growth models postulate that technological progress is derived from exogenous impact of production relationship while the endogenous growth models ascribe the source of technological progress to the ability of factors of production to respond to externalities generated by production activities in accordance with "learning-by-doing" complemented by R&D. This implies a convergence on the crucial relevance of technology in enhancing the effectiveness and value-adding functions of factors of production as the bedrock of economic growth. It follows intuitively that inter-industry linkage process, which involves multisectoral input-output interdependence of productive activities of different sectors of the economy, is germane to the value-adding capabilities of factors of production that propels economic growth. As a key sector with intrinsic versatility, the oil and gas industry in Nigeria has enormous linkage potentials that can be a cylinder for robust inter-industry linkage processes for sustainable growth of the Nigerian economy. Various linkage measures; backward and forward linkages, output multipliers; employment, income and value-added effects and multipliers for sectors of the Nigerian economy are computed and analysed with focus on the linkage significance of the oil and gas industry. It reveals that a formidable inter-industry linkage processes is not emerging with relative low level of integration of the oil and gas industry with other sectors of the economy. Hypothetical Extraction scenario indicates that the stimuli from the oil and gas industry are not inspiring. By policy simulation, it is discovered that the inter-industry linkage process cannot be significantly improved by more refining activities, suggesting the existence of low levels of absorptive capacities of the sectors of the economy arising from structural distortions and technological weakness. By implication, the effectiveness of factors of production, the critical requirement of economic growth, is hampered, compounded by the absence of system of innovation that could inspire the emergence of technological capabilities. Investments in social and economic services as well as physical infrastructures that leads to a bourgeoning income earning household sector that seeks to satisfy its consumption needs and create effective markets that facilitates inter-industry linkages is the veritable route towards innovation, endogenous technology and sustainable growth.
Book Synopsis Proceedings of the Annual Conference of the Nigerian Economic Society by : Nigerian Economic Society
Download or read book Proceedings of the Annual Conference of the Nigerian Economic Society written by Nigerian Economic Society and published by . This book was released on 1976 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Oil Wealth and Development in Uganda and Beyond by : Arnim Langer
Download or read book Oil Wealth and Development in Uganda and Beyond written by Arnim Langer and published by Leuven University Press. This book was released on 2020-01-07 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: Multidisciplinary perspectives to governance of oil in African countries Large quantities of oil were discovered in the Albertine Rift Valley in Western Uganda in 2006. The sound management of these oil resources and revenues is undoubtedly one of the key public policy challenges for Uganda as it is for other African countries with large oil and/or gas endowments. With oil expected to start flowing in 2021, the current book analyses how this East African country is preparing for the challenge of effectively, efficiently, and transparently managing its oil sector and resources. Adopting a multidisciplinary, comprehensive, and comparative approach, the book identifies a broad scope of issues that need to be addressed in order for Uganda to realise the full potential of its oil wealth for national economic transformation. Predominantly grounded in local scholarship and including chapters drawing on the experiences of Nigeria, Ghana, and Kenya, the book blazes a trail on governance of African oil in an era of emerging producers. Oil Wealth and Development in Uganda and Beyond will be of great interest to social scientists and economic and social policy makers in oil-producing countries. It is suitable for course adoption across such disciplines as International/Global Affairs, Political Economy, Geography, Environmental Studies, Economics, Energy Studies, Development, Politics, Peace, Security and African Studies. Contributors: Badru Bukenya (Makerere University), Moses Isabirye (Busitema University), Wilson Bahati Kazi (Uganda Revenue Authority), Corti Paul Lakuma (Economic Policy Research Centre), Joseph Mawejje (Economic Policy Research Centre), Pamela Mbabazi (Uganda National Planning Authority), Martin Muhangi (independent researcher), Roberts Muriisa (Mbarara University of Science and Technology), Chris Byaruhanga Musiime (independent researcher), Germano Mwabu (University of Nairobi), Jackson A. Mwakali (Makerere University), Tom Owang (Mbarara University of Science and Technology), Joseph Oloka-Onyango (Makerere University), Peter Quartey (University of Ghana), Peter Wandera (Transparency International Uganda), Kathleen Brophy (Transparency International Uganda), Jaqueline Nakaiza (independent researcher), Babra Beyeza (independent researcher), Jackson Byaruhanga (Bank of Uganda), Emmanuel Abbey (University of Ghana).
Book Synopsis The Nigerian Oil Economy by : J. K. Onoh
Download or read book The Nigerian Oil Economy written by J. K. Onoh and published by . This book was released on 1983-01-01 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Local Content Policies in the Oil and Gas Sector by : Silvana Tordo
Download or read book Local Content Policies in the Oil and Gas Sector written by Silvana Tordo and published by World Bank Publications. This book was released on 2013-07-22 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: A number of countries have recently discovered and are developing oil and gas reserves. Policy makers in such countries are anxious to obtain the greatest benefits for their economies from the extraction of these exhaustible resources by designing appropriate policies to achieve desired goals. One important theme of such policies is the so-called local content created by the sector—the extent to which the output of the extractive industry sector generates further benefits to the economy beyond the direct contribution of its value-added, through its links to other sectors. While local content policies have the potential to stimulate broad-based economic development, their application in petroleum-rich countries has achieved mixed results. This paper describes the policies and practices meant to foster the development of economic linkages from the petroleum sector, as adopted by a number of petroleum-producing countries both in and outside the Organisation for Economic Co-operation and Development. Examples of policy objectives, implementation tools, and reporting metrics are provided to derive lessons of wider applicability. The paper presents various conclusions for policy makers about the design of local content policies.
Book Synopsis National Oil Companies and Value Creation by : Silvana Tordo
Download or read book National Oil Companies and Value Creation written by Silvana Tordo and published by World Bank Publications. This book was released on 2011-07-13 with total page 179 pages. Available in PDF, EPUB and Kindle. Book excerpt: Approximately two billion dollars a day of petroleum are traded worldwide, which makes petroleum the largest single item in the balance of payments and exchanges between nations. Petroleum represents the larger share in total energy use for most net exporters and net importers. While petroleum taxes are a major source of income for more than 90 countries in the world, poor countries net importers are more vulnerable to price increases than most industrialized economies. This paper has five chapters. Chapter one describes the key features of upstream, midstream, and downstream petroleum operations and how these may impact value creation and policy options. Chapter two draws on ample literature and discusses how changes in the geopolitical and global economic environment and in the host governments' political and economic priorities have affected the rationale for and behavior of National Oil Companies' (NOCs). Rather than providing an in-depth analysis of the philosophical reasons for creating aNOC, this chapter seeks to highlight the special nature of NOCs and how it may affect their existence, objectives, regulation, and behavior. Chapter three proposes a value creation index to measure the contribution of NOCs to social value creation. A conceptual model is also proposed to identify the factors that affect value creation. Chapter four presents the result of an exploratory statistical analysis aimed to determine the relative importance of the drivers of value creation. In addition, the experience of a selected sample of NOCs is analyzed in detail, and lessons of general applicability are derived. Finally, Chapter five summarizes the conclusions.
Book Synopsis Understanding Modern Nigeria by : Toyin Falola
Download or read book Understanding Modern Nigeria written by Toyin Falola and published by Cambridge University Press. This book was released on 2021-06-24 with total page 691 pages. Available in PDF, EPUB and Kindle. Book excerpt: An introduction to the politics and society of post-colonial Nigeria, highlighting the key themes of ethnicity, democracy, and development.
