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Oil Policy In Nigeria: A Critical Assessment(1958-1992)

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Author Info
DR. GODWIN CHUKWUDUM NWAOBI (QUANTITATIVE ECONOMIC RESEARCH BUREAU, NIGERIA)

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Abstract

OIL AS AN ENERGY PROPELLER, IS THE LARGEST INTERNATIONALLY TRADED COMMODITY THAT SHOWS HIGHLY VISIBLE INTERPLAY OF POLITICS AND ECONOMICS IN THE DETERMINATION OF ITS INVESTMENT, PRODUCTION, TRADE AND PRICING POLICIES. THIS UNIQUENESS, NO DOUBT DEMANDS A WELL ARTICULATED OIL POLICY FOR AN OIL PRODUCING NATION. THUS, THE THRUST OF THE PAPER WAS TO EVALUATE THE STATE OF THE NIGERIA'S OIL POLICY IN THE 1970S/80S. THIS PAPER THEREFORE ARGUES THAT IN THE OIL POLICY FORMULATION PROCESS, WE HAVE TO TAKE INTO ACCOUNT THE VARIOUS STAKEHOLDERS WHOSE DECISIONS AND PARTICIPATION HAVE A GREAT IMPACT ON OIL INDUSTRY, AND WHO WANT TO SEE CLEAR TARGETS AND MINIMISE RISKS.

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Publisher Info
Paper provided by EconWPA in its series Public Economics with number 0501001.

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Length: 20 pages
Date of creation: 02 Jan 2005
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Handle: RePEc:wpa:wuwppe:0501001

Note: Type of Document - pdf; pages: 20. THIS IS A PREVIOUS RESEARCH PAPER FOR PUBLIC ASSESS.
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Web page: http://129.3.20.41

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Keywords: NIGERIA ECONOMY OIL POLICY ENVIRONMENT NNPC POLLUTANTS OPEC WORLDBANK ENERGY PETROLEUM GOVERNMENT

Find related papers by JEL classification:
E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
F10 - International Economics - - Trade - - - General
L70 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - General
L72 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Other Nonrenewable Resources
N50 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - General, International, or Comparative
N70 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - General, International, or Comparative
Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General
Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General

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