Oil Industry and Nigerian Development Essay -- A Level Essays

rock petroleum Industry and Nigerian emergenceOil is one of the most valuable natural resources in the conception today. The anoint application carries with it a great deal of economic and semipolitical exponent across the globe. Having vegetable oil colour, or any natural resource, as a salad days source of revenue has long been debated as being an gain or a drawback. In any case it should at to the lowest degree make to ontogenesisd revenue and financing of industrial growth which, arguably, is link to an increase in the quality of life of the population. In the case of Nigeria, the oil industriousness is a double-edged sword. Since the discovery of oil in 1956, the oil effort in Nigeria has greatly increased the financial resources of Nigeria, and yet has proven a constant stumbling block in the creation of effective inborn capability. The maturation of cutting edge technology and infrastructure, considering the resources available, has been marginal and the oil industry itself has not been extremely competitive (at to the lowest degree in expectations) on the orbiculate market. As the largest dry land in Africa, a safe assumption should be that Nigeria is among the leading in information as a whole, or at least be progressing toward that. The oil industry has, however, interfered somewhatwhat in the development of secondary industries. In addition, even though it is directly associated with problems in leadership, putrescence has been found as a normal order of business in Nigerias government and dealings with oil and has grown along with the industry. bandage the oil industry has introduced many significant problems in Nigeria, both socially and economically, on that point is still promise in what it can provide for the nation magic spell oil remains in abundance. There are some unconditional examples across the glob... ...formation Administration, Dept. of Energy. 31 Oct. 2004 . Nigeria Oil and Gas Industry. 12 July 2000. M bendi reading for Africa. 31 Oct. 2004 . Nigeria Oil, Poverty, and Rights 2. 4 July 2002. Africa Action. 1 Nov. 2004 . OIL AND NATURAL GAS IN NIGERIA. kind Rights Watch. 11 Feb. 2005 . Olukoya, Sam. Oil Industry Crisis Worsening. 29 July 2004. Inter iron Service. 1 Nov. 2004 . Rodriguez, Fransisco. Why Do Resource Abundant Economies Grow more(prenominal) behind? 10 Mar. 2005 . Stevens, Christopher. Nigeria Economic Prospects to 1985. London EIU, 1982. Oil Industry and Nigerian discipline Essay -- A Level EssaysOil Industry and Nigerian DevelopmentOil is one of the most valuable natural resources in the world today. The oil industry carries with it a great deal of economic and political power across the globe. Having oil, or any natural resource, as a prime source of revenue has long been debated as being an advantage or a drawback. In any case it should at least lead to increased revenue and financing of industrial growth which, arguably, is related to an incr ease in the quality of life of the population. In the case of Nigeria, the oil industry is a double-edged sword. Since the discovery of oil in 1956, the oil industry in Nigeria has greatly increased the financial resources of Nigeria, and yet has proven a constant stumbling block in the creation of effective internal capability. The development of cutting edge technology and infrastructure, considering the resources available, has been marginal and the oil industry itself has not been extremely competitive (at least in expectations) on the global market. As the largest nation in Africa, a safe assumption should be that Nigeria is among the leaders in development as a whole, or at least be progressing toward that. The oil industry has, however, interfered somewhat in the development of alternative industries. In addition, even though it is directly associated with problems in leadership, corruption has been established as a normal order of business in Nigerias government and dealings with oil and has grown along with the industry. While the oil industry has introduced many significant problems in Nigeria, both socially and economically, there is still promise in what it can provide for the nation while oil remains in abundance. There are some positive examples across the glob... ...formation Administration, Dept. of Energy. 31 Oct. 2004 . Nigeria Oil and Gas Industry. 12 July 2000. Mbendi Information for Africa. 31 Oct. 2004 . Nigeria Oil, Poverty, and Rights 2. 4 July 2002. Africa Action. 1 Nov. 2004 . OIL AND NATURAL GAS IN NIGERIA. Human Rights Watch. 11 Feb. 2005 . Olukoya, Sam. Oil Industry Crisis Worsening. 29 July 2004. Inter Press Service. 1 Nov. 2004 . Rodriguez, Fransisco. Why Do Resource Abundant Economies Grow More Slowly? 10 Mar. 2005 . Stevens, Christopher. Nigeria Economic Prospects to 1985. London EIU, 1982.