The Nigerian Economy and the Oil Crisis PDF Download

Author: Adedotun O. Phillips
Publisher:
ISBN:
Category : Nigeria
Languages : en
Pages : 32

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Author: Adebayo O. Olukoshi
Publisher:
ISBN:
Category : Industries
Languages : en
Pages : 214

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Author: J. K. Onoh
Publisher: Routledge
ISBN: 1351390031
Category : Business & Economics
Languages : en
Pages : 143

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Book Description
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.

Author: Alkasum Abba
Publisher:
ISBN:
Category : Nigeria
Languages : en
Pages : 224

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Author: Shafiu Ibrahim Abdullahi
Publisher:
ISBN:
Category :
Languages : en
Pages : 176

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Book Description
Nigerian economy is very sensitive to happenings in the global crude oil market due to Nigeria dependence on the black gold. The recession Nigeria found herself in 2016 was mainly caused by the fall in the international price of crude oil. It is the same factor that also help to explain Buhari government massive borrowings to help close the gap in government budget since coming to power in 2015. Empirical and theoretical evidences have linked shocks in price of primary products with macroeconomic imbalances. These external shocks are main sources of economic volatility, affecting both private and public savings, in part because of their large income effects. In the years since independence, Nigerian economy has changed from its largely agrarian state of 1960s to an import depended mono-economy. Nigeria single most important export for more than forty years has remain crude oil. But, in the period since independence various economic models have been tested, as many as there were changes in governments. While the adaptation of some of these economic programs were domestically inspired, others were forced on Nigeria from the outside. Efforts to diversify Nigerian economy have been on the Nigerian government agenda since 1980s, but not much has been achieved. Despite the billions of Dollars in oil revenue, Nigerian governments have failed to use the resources to develop other areas of the economy. This book covered almost all the main sectors of the Nigerian economy. The book is encyclopedic in term of coverage of Nigerian business environment and potential threats to ease of doing business. The structure of the book makes it easy for readers to browse through it. Its chapters are grouped according to related themes in the Nigerian economy. The bibliography section provided at the end of the book provide the reader with range of sources for reference and further research.

Author: Gbolahan Alashiri
Publisher: LAP Lambert Academic Publishing
ISBN: 9783846509845
Category :
Languages : en
Pages : 84

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Book Description
In 2007, the mortgage crisis in the United States of America affected financial markets and later developed into a global financial crisis.The crisis quickly spilled over to contents including Africa.initially, policy makers in Nigeria believed the Nigerian economy was insulated but sooner, the effect on the economy started manifesting(in the second quarter of 2008).One of the sectors seriously affected by the financial crisis was the oil sector which contributes largely to the economy of Nigeria. Nigeria is basically regarded as a mono economy relying heavily of export of crude oil.for some time now, crude oil contributes at least 60% of the entire nations revenue rising to over 80% at some point. The financial crisis led to a significant decline in the price of crude oil.This development significantly reduce the revenue accruing to the Nigerian Government. this work examined the extend of the impact of the recent financial crisis on the the Nigerian oil sector.

Author: Jeremiah I. Dibua
Publisher: Routledge
ISBN: 1351152904
Category : Social Science
Languages : en
Pages : 359

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In this book, Jeremiah I. Dibua challenges prevailing notions of Africa's development crisis by drawing attention to the role of modernization as a way of understanding the nature and dynamics of the crisis, and how to overcome the problem of underdevelopment. He specifically focuses on Nigeria and its development trajectory since it exemplifies the crisis of underdevelopment in the continent. He explores various theoretical and empirical issues involved in understanding the crisis, including state, class, gender and culture, often neglected in analysis, from an interdisciplinary, radical political economy perspective. This is the first book to adopt such an approach and to develop a new framework for analyzing Nigeria's and Africa's development crisis. It will influence the debate on the development dilemma of African and Third World societies and will be of interest to scholars and students of race and ethnicity, modern African history, class analysis, gender studies, and development studies.

Author: Kathrin Staub
Publisher:
ISBN:
Category :
Languages : en
Pages :

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This study analyses the impact of oil price changes on Nigeria's economy. Precisely, the strong oil price slumps in 2014 which had an adverse effect on the resource-rich economy. A Vector Auto regression [VAR] model is applied to analyse how oil price changes affect macroeconomic variables. The findings showed that oil price shocks did not have a major impact on every variable. However, it was observed from impulse response function and variance decomposition that changes in the real oil price contributed to almost 30% to the variation in the index of industrial production. Thus, this study suggests that the Nigerian government should diversify the economy away from oil in order to stabilize economic growth.

Author: Nigerian Economic Society. Annual Conference
Publisher:
ISBN:
Category : Nigeria
Languages : en
Pages : 272

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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