The Impact of the Oil Sector on the Nigerian Economy

The Impact of the Oil Sector on the Nigerian Economy

In the process of reviewing past studies on the impact of crude oil on the Nigerian economy. There is the need to make certain classifications.Nigeria as pointed out in the industry chapter is a member of OPEC and a major oil exporter in the world. The nation is also a developing country based on the fact that natural and human resources abound for development; if effectively and efficiently managed. If the above characteristics of the nation in taken into cognizance; a through review can be carried out. This is because these have been studies on “developing oil-exporting countries.” [Read more…]