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.

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:

Download or read book The Nigerian Oil Economy written by J. K. Onoh and published by Routledge. This book was released on 2017-09-05 with total page 143 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Inter industry Linkages in the Nigerian Economy 1973 1977 written by David Olusanya Ishola Ajakaiye and published by . This book was released on 1990 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:

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

Download or read book Nigerian Oil and Gas Industry Laws written by Usman, Adamu Kyuka and published by Malthouse Press. This book was released on 2017-09-29 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt: Though predominantly on oil and gas law, this is nonetheless a veritable Reference Book on the oil and gas industry in Nigeria. It places before anyone interested in the oil and gas industry basic and critical oil and gas issues not in common circulation in existing texts on the subject. The book is arranged in such a chronological order, like reference books and dictionaries tend to be,that a lay person in going through it would now know how oil is explored and found,how oil fields may be onshore and offshore, how oil blocs are bidded for, how oil is drilled, including associated gas deposits, among others. The transportation of oil and gas, storage of oil and gas, refining of oil and processing of gas, marketing of oil and gas,the impact of oil and gas exploration, production and revenues on the Nigerian environment, politics and economy and a myriad of other issues are comprehensively covered. The book should prove most useful to the lawyer, petroleum geologist, petroleum engineer, policy makers, investors, local and international development agencies and bodies, lecturers and students specialising in wide ranging subjects as economics, development studies, engineering, management, public administration, insurance, marketing, accounting and finance.

Download or read book The Story of Nigeria s Petroleum Industry written by Oyeniyi Osundina and published by novum pro Verlag. This book was released on 2016-05-13 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a scrupulous account of the petroleum industry from 1906 to the present. The story traces development before the discovery of oil in Oloibiri and proceeds to offer comprehensive account of various legislative instruments that were adopted in the development process. The Nigerian Content Law, the gas flaring difficulties and the issue of sabotage are amply dealt with. The book has several media reports to spotlight the heavy corruption ravaging the industry and closes with the attempted subsidy removal by the Jonathan administration. The author ends with a philosophical rhetoric "as if there is no future", calling into question the role of politics and politicians in the misfortune of Nigeria's oil and gas sector. The application of legislation and regulation to the practice of oil and gas is a consistent theme permeating through the book, giving it not only a solid academic emphasis to the readers, but also a strong orientation towards policy. The book is well positioned to address the technical and commercial issues of the Nigerian's oil and gas sector which should be familiar to oil company managements and experts.

Download or read book The Political Economy of Oil and Gas in Africa written by Soala Ariweriokuma and published by Routledge. This book was released on 2008-10-22 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: The evolution of the Nigerian oil and gas industry spanned about a century during which several challenges were encountered and surmounted by major International Oil Companies (IOCs). This book provides a thoroughly researched guide to the Nigerian oil and gas industry. The author examines the increasing role of Africa in the contributi

Download or read book Globalization Democracy and Oil Sector Reform in Nigeria written by Adeoye O. Akinola and published by Springer. This book was released on 2018-01-26 with total page 333 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book The Political Ecology of Oil and Gas Activities in the Nigerian Aquatic Ecosystem written by Prince Emeka Ndimele and published by Academic Press. This book was released on 2017-11-17 with total page 487 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Political Ecology of Oil and Gas Activities in the Nigerian Aquatic Ecosystem reviews the current status of the ecosystems and economic implications of oil and gas development in Nigeria, a key oil-producing state. The ecological and economic impacts of oil and gas development, particularly in developing nations, are crucial topics for ecologists, natural resource professionals and pollution researchers to understand. This book takes an integrative approach to these problems through the lens of one of the key oil-producing nations, linking natural and human systems through the valuation of ecosystem services. Provides background information on Nigerian aquatic environments, its local history of oil exploration and a review of the physical chemistry of crude oil Reviews global and national perspectives on the oil and gas industry from a physical ecological, to a socio-political and economic ecological perspective Demonstrates real-life situations of the interactions and impacts of Nigerian petroleum production on the environment and local populations through case studies

Download or read book Economic Development in Nigeria Through the Agricultural Manufacturing and Mining Sectors written by Dennis Chiekweiro Uzoigwe and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In the 1960s, Nigeria was on a par, in terms of aspirations to attain a very high level of economic growth and development, with its fellow-oil producing and exporting countries such as Malaysia and Indonesia, but has since failed to keep pace with them. Nigeria's agricultural, manufacturing and mining and quarrying sectors have played a continuous and significant role in the development of the country's economy. The approval of the millennium development goals (MGDs) by the United Nations General Assembly therefore raises three pivotal questions for Nigeria. 1) Why is Nigeria still an underdeveloped and lowincome country? 2) What should the country do to make rapid economic and social progress? and 3) How can it attain a high level of economic development and growth?. This is the background of this study, which is an empirical investigation into the factors affecting Nigeria's bid to achieve sustainable economic growth and development with particular reference to such sectors as agriculture, manufacturing and mining and quarrying (solid minerals) over the period of 1970-2005. This involves the analysis of the relevance of the health care and education sectors and examination of impediments to past economic development, a development model applicable to Nigeria, the efforts made and the challenges facing the country in achieving the MDGs, and the role of foreign development partners in complementing Nigeria's development efforts. The methodology adopted for this study is sectoral-econometric modelling, using the Engle- Yoo (1991) model, which contributes to bridging the gap seen in empirical studies in the application of a multivariate dynamic econometric cointegration model on the effect of domestic and foreign financial resources investment for the development of the growth sectors in the Nigerian economy. The model captures the essential linkages between the growth sectors and the country's efforts to achieve a high level of economic development. The results from the simulations are broadly consistent with findings described in theoretical and empirical literature. There is a strong positive relationship between the gross output of the agricultural, manufacturing and mining and quarrying sectors and labour input and public capital expenditure for the growth sectors. Also there is a strong positive relationship between the agricultural credit guarantee scheme, fertiliser and the gross output of agriculture. Furthermore, the findings show a positive impact of the structural adjustment programme with the agricultural and manufacturing production. Dynamic simulation of results was undertaken to assess the path of the 10 percent dynamic adjustment (shocks) on the relevant exogenous variables and the response properties show remarkable and positive significant impact due to the shocks. The estimated actual and forecast values of the equations in the model show notable increase in the amount and growth of the gross domestic product of the real sectors in Naira billion from 2005 to 2008. The study calls to question rigid government control over the mining and quarrying sector. The importance of mining and quarrying in accelerating the pace of economic growth in Nigeria should rather motivate the government to deregulate and reform the sector. This will enable the government to attract investors into the sector, while effectively planning to encourage the proliferation of small-scale artisan, medium-scale and large-scale miners. The deregulation of the mining and quarrying sector will boost production, growth and development through employment creation, increased income of household miners and upliftment of the social and economic status of the vast majority of Nigerians. Some of the reasons identified for Nigeria's poor economic performance include: the serious effect of Dutch disease, reflected in the country's inability to manage and diversify its oil wealth to transform and achieve dynamic industrial (manufacturing), agricultural, mining, health and educational and other growth sectors. Nigeria also suffers the effects of a troubled political history, during which military rule persisted for extended periods. This study shows the importance of improving the knowledge base for policymaking, where intersectoral linkages between economic and social factors can be identified, and direct and indirect macroeconomic policy effects discerned. This distinguishes the study from earlier work in Nigeria on development policy. Achieving a high level of economic development through transforming the country's real sectors will not only reduce poverty by providing food security, increased agricultural and industrial exports, increased per capita income and consumption, but will also bring about improved literacy and a healthy workforce and foster peace and security in Nigeria. In addition, success in transforming the real sectors will strengthen and broaden the productive base of the country, which currently relies heavily on the petroleum sector as the major earner of foreign exchange. In order to achieve a high level of economic development and growth, attention should be concentrated on channelling global financial resources to the above-mentioned sectors because of their strong linkages with and powerful value-added effect to the rest of the economy. Under the new democratic dispensation, there ought to be large investment into the growth and support sectors from domestic and external sources if the country is to attain the international growth target of achieving a high and sustainable level of economic development. Therefore, with a strong will to become a patriotic civil society, stable and prosperous, and enough wisdom to elect leaders with good will and fairly good knowledge of the country's economy, great prospects lie before the Nigerian economy.

Download or read book Niger Delta and the Oil and Gas Industry written by Ibenaku Onoh and published by LAP Lambert Academic Publishing. This book was released on 2011-03 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: For several decades, Nigeria has witnessed a remarkable increase in its economy and revenue.The reason for this increase is attributable to the massive wealth which the country derives from the sale of oil and gas products. The importance of the oil and gas industry to Nigeria s economy can never be over-emphasised as the revenue derived from the industry remains useful across various sectors of the country. However, behind this glossy facade of socio-economic benefits and development, the oil and gas industry has posed a major epidemic in Nigeria especially in the host communities where the actual processes of oil exploration and production occur. Despite the contribution of the oil rich communities to the overall development of Nigeria, they have continuously been faced with under-development and various forms of human right abuses. Against this background, this book will discuss the overall harmful impacts of the oil and gas industry in Niger Delta. Focusing on the human right aspects it will discuss the various areas of human rights which are continuously impeded on as a result of the unregulated operation of the oil and gas industry in the Niger Delta.

Download or read book Perspectives on the Nigerian Oil Industry written by Kayode Soremekun and published by . This book was released on 1995 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Oil and Gas Sector in the Nigerian Economy written by Siyanbola Tomori and published by . This book was released on 1991 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt:

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 149 pages. Available in PDF, EPUB and Kindle. Book excerpt: National Oil Companies (NOCs) directly or indirectly control the majority of oil and gas reserves. As such, they are of great consequence to their country's economy, to importing countries' energy security, and to the stability of oil and gas markets. The paper analyzes the available evidence on the objectives, governance and performance of 20 NOCs from both net importing and net exporting countries, and draws conclusions about the design of policies and measures that are more likely to lead to social value creation. NOCs differ from private companies on a number of very important variables, including the level of competition in the market in which they operate, their business profile along the sector value chain, and their degree of commercial orientation and internationalization. Most share some core characteristics: they are usually tied to the 'national purpose' and serve political and economic goals other than maximizing the firm's profits. This paper introduces a conceptual model to analyze value creation by NOCs that takes into consideration their complex objective function. Our analysis aims to answer the following questions: Are certain corporate governance arrangements more suited than others to promote value creation? Is good geology a pre-condition for NOC value creation? Are there benefits from exposing the NOC to competition from private oil companies? Does the development of forward and backward linkages hamper NOC value creation?

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:

Download or read book Theses in Progress in Commonwealth Studies written by and published by . This book was released on 2007 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: