At times of high oil prices the revenue has enabled both ordinary citizens and the state to achieve higher levels of consumption, but these levels have not proved sustainable: windfalls have not been converted into permanently higher levels of income. The disastrous failure of the previous oil ...
(2013), Oil revenue, institutions and macroeconomic indicators in Nigeria. OPEC Energy Review, 37: 30–52. doi: 10.1111/j.1753-0237.2012.00229.x Author Information 1 The North-South Institute, Ottawa, Ontario, Canada 2 Centre for the Study of the Economies of Africa, Maitama, Abuja, ...
It, however, stated that even with higher than projected oil revenue, the country’s total revenue has been below budgeted projections, noting that, “with total budgeted revenue of N5.365 trillion in the revised budget, this implies that the pro-rated revenue up to August from the revised ...
There is growing agitation in Nigeria's oil producing areas for more equitable compensation from the Nigerian state for the upstream activities that take place in these areas. The various formulas employed over the years to distribute the country's revenues between its federal, state and local gove...
Nigeria’s oil industry encounters crude oil theft in commercial quantities, which is often exported to neighbouring countries. This has occasioned a loss of revenue and has caused environmental pollution due to oil spillages. There is a need for a stringent legal framework to combat the menace ...
COVID-19 and the decline in the global oil demand have resulted in a dip of revenue for many oil and gas companies in Nigeria.
The oil rich region is an unstable area of Nigeria, and inter-ethnic clashes are common as access to oil revenue is the trigger for the violence. Pipelines are regularly vandalized by impoverished residents, who risk their lives to siphon off fuel. Vandalism is estimated to result in thousands...
Nigeria depends on oil revenue for 95% of national income and foreign exchange earnings. the source of this wealth is the Niger Delta region of the country. The Nigerian government, oil corporations, and oil-dependent Western countries are not implementing reforms aimed at aiding a desperately ...
Oil revenues and the 'Dutch disease' in Nigeria This study discusses the performance and prospects of the Nigerian economy in the wake of the oil euphoria. It produces some empirical evidence for the rap... Kejeh,I C. - 《Brunel University》 被引量: 1发表: 1986年 Oil revenue and the ...
conclusion on the types of crude oil in Nigeria and its benefits, Nigeria is indeed blessed with various types of crude oil. Out of everything, the Bonny Light (which happens to be what many wants), is one of the major the country can boast of, and it keeps generating huge revenue ...