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

Author

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  • DR. GODWIN CHUKWUDUM NWAOBI

    (QUANTITATIVE ECONOMIC RESEARCH BUREAU, NIGERIA)

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.

Suggested Citation

  • Dr. Godwin Chukwudum Nwaobi, 2005. "Oil Policy In Nigeria: A Critical Assessment(1958-1992)," Public Economics 0501001, EconWPA.
  • 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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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/pe/papers/0501/0501001.pdf
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    More about this item

    Keywords

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

    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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