Managing Oil Revenues for Socio-economic Development in Nigeria PDF Download

Author: Emeka A. Duruigbo
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 324

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Author: Ibrahim Adamu
Publisher: LAP Lambert Academic Publishing
ISBN: 9783659143458
Category : Natural resources
Languages : en
Pages : 176

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Book Description
Nigerians always want to know why the country is rich but the citizens are poor. It is expected that when a country is blessed with rich mineral resources exploited for about 37 years the citizens will be socio-economically better. Contrary to this, a U.N. Human Development Index (HDI) report, 2005, which ranks nations according to their citizen's quality of life, portrayed Nigeria's level of socio-economic development with a HDI value of 0.470. This ranked Nigeria 158th out of 177 countries, below Gambia (155th), Zimbabwe (151st), Togo (152nd) and Cameroun (144th). The study thus aimed at assessing the quality of life of Nigerians especially the oil producing communities. Data from oil/non-oil communities were thoroughly analyzed with the conclusion that although the huge oil revenue has contributed to economic growth, it has not transformed the nation's economy which still remains largely agrarian with living standard in the country one of the lowest in the world. The findings are expected to be useful to investors in the oil industry, Managers of oil economies, Students in Schools of Mining and Oil Exploration, Students of Socio-economic Development, Administration, Geography, etc.

Author: Godswill Ifeanyi Nnaji
Publisher:
ISBN:
Category : Nigeria
Languages : en
Pages : 180

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Author: Arnim Langer
Publisher: Leuven University Press
ISBN: 9462702004
Category : Social Science
Languages : en
Pages : 396

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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).

Author: Augustine A. Ikein
Publisher:
ISBN:
Category : Nigeria
Languages : en
Pages : 368

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Author: Murtala Ibraheem Chindo
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Nigeria became a mono-product economy through its heavy reliance on crude oil for export and revenue. As a result of oil price volatility and the need to increase national revenue and public spending, the Nigerian government has adopted a policy of diversification to non-oil minerals. This study focuses on oil sands that are considered second only to oil in terms of economic potential. This policy also means that Nigeria is moving towards finite resource and a dirtier form of crude oil. A national analysis of non-oil mineral activity using a GIS indicates that exploration, mining and quarrying are widespread; a potentially positive outcome for national mineral development. The government however, is failing to take into account the impact of this activity on communities and ecosystems overlapping or lying proximal to mining licences. A case study indicates that oil sands exploitation can have a positive impact on the host communities through infrastructure development, which can trigger small businesses, job opportunities and increased income. Despite these benefits, there are fears of environmental degradation, displacements, loss of communal lands and means of livelihood. Already, the long delays in the development of oil sands are fuelling anger, deprivation, land grabs and pollution, and worst of all, ever-deeper underdevelopment of these "conditional resource communities', which is aggravating the resource curse. For the oil sands projects to be feasible, beneficial and sustainable, Nigeria's quest for resource wealth must integrate economic growth, social equity and ecological integrity at this planning stage. The thesis makes original contributions to determining resource communities and to the cumulative body of knowledge on the potential impacts of resource development on host communities in a rent-seeking economy like Nigeria.

Author: Uche T. Agburuga
Publisher:
ISBN:
Category :
Languages : en
Pages : 7

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The intensification of oil and gas production activities occasioned by the drive for more revenue to meet growing expectations of the populace for socio-economic development has entrenched the reliance on oil and gas revenue by the government of Nigeria and with consequential negative implication for environmental sustainability. Using archival data this paper examines the nexus between the demand for tax revenue, oil and gas revenue and environmental sustainability in Nigeria and shows evidence that the goals of environmental sustainability can best be more likely attained in Nigeria through the government shifting from oil and gas revenue to tax revenue as the main source of finance for meeting the socio-economic goals.

Author: Isiaka Akande Raifu
Publisher:
ISBN:
Category :
Languages : en
Pages : 25

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The bursting of crude oil prices in the international market since mid-2014 has resulted in dwindling oil revenue, which has led to economic recession in Nigeria. The recession has further exacerbated existing socioeconomic problems bedeviling the country. In the light of this, we examined the effect of government revenues (oil and non-oil revenues) on economic growth, both in the short-run and the long-run using autoregressive distributed lag method. Our findings show that government revenues are indispensable to economic growth in Nigeria. In addition, we found that economic growth is more responsive to oil revenue than non-oil revenue. Based on our findings, we advocate for effective and efficient use of government revenues. Furthermore, since oil revenue fluctuates more than non-oil revenue, we further advocate for creation of an enabling business environment geared towards improving the contribution of the non-oil sector to the government revenue base.

Author: Christian Okon Efiong Enoh
Publisher:
ISBN:
Category : Nigeria
Languages : en
Pages : 168

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Author: Bronwen Manby
Publisher: Human Rights Watch
ISBN: 9781564322258
Category : Political Science
Languages : en
Pages : 230

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Attempts to Import Weapons