Developing Countries Production
Oil in Nigeria
Nigeria is located in West Africa and its borders are shared in the west by Republic of Benin, in the east Chad and Cameroon and in the North Chad. There are over 500 ethnic groups in the country but the three largest are Yoruba, Igbo and Hausa. In Africa Nigeria has the highest population and in the world it is ranked seventh most populous country. Nigeria falls under the Next Eleven economies. The country is a member of African Union and Commonwealth of Nations. The economy in Nigeria is classified under mixed economy and it has already reached a middle income status from World Bank statistics. The country has abundant natural resources among this is oil.
The greatest revenues in the country are brought by oil reserves. Petroleum is a great player in the economy of Nigeria and it accounts for up to 40% of the country's GDP and 80% of earnings to the government. .In sub-Saharan Africa Nigeria is the largest trading partner to United States when it comes to oil.it supplies close to one fifth of its oil which is approximately 11% of the oil imports. Nigeria is ranked as the 12th largest petroleum producer in the world and it is the 8th largest exporter. The main oil producing region in the country is Niger Delta.
Government structure in Nigeria
Nigeria is also known as the Federal republic of Nigeria.it is a federal republic that is made up of 36 states.it has its federal capital territory at Abuja. The president of Nigeria exercises the executive powers. The powers of the president are checked by the House of Representatives and the senate which together are combined in a bicameral body that is known as National Assembly.
There are various constraints which hinder marketing of products in Nigeria. First of all there is low marketing education within the country. Within the population the educated are consumers and investors. Most of the people regardless of their education they...
Management of Technology in Developing Countries Such as Iran Technology management arrangements of developing countries vary from those of first world ones. The requirement for skill in these states is not growing from within, but somewhat cropping up from new wares imported from first world countries. Technological growth in addition does not consequence from inner data and research, but resulting upon the technology transmission from abroad. In these environments, technology management
If Nigerian local content law is not complied with Requires licensee to submit a detailed programme for recruitment and training of Nigerians (Nigerian Local Content Policy) 2.3. History of the LCL The Local Content Law was signed into law in April 2010 by acting President Goodluck Jonathan. In brief, the Nigerian Oil and Gas Industry Local Content Development Bill 2010 places "…obligations on upstream oil companies in the areas of finance, community
Oil & Gas Management An Analysis of OPEC's Pricing Strategy: Has Saudi Arabia underestimated the resilience of U.S. shale oil? The global environment for oil and gas has changed significantly in just the last few years as a new set of market conditions have been created that can be defined by an increase supply in oil. These supply increases have largely come from technological developments that have allowed for new forms of
While oil is a valuable resource, Like... The river it is also a curse. Its flow is inconstant. In drought years, the supply of water falls; in other years, floods can take their toll, leaving death and destruction in their wake. It can become polluted, causing both health and economic problems for its users. Davis J.) The above analogy highlights some of the essential features of the modern oil industry and the
A large body of literature has treated many different aspects of these influences on Asia, Europe and the United States (Busser & Sadoi, 2003). The importance of the study relates to the current trends taking place in Libya where aggressive steps have been taken in recent years to normalize relations with the international community. For example, Libya opened up its programs to develop weapons of mass destruction to international
This was good for those that felt OPEC was getting too strong because these changes would have been very difficult to make had the embargo and the oil prices not become such an issue (Reid, 2004). Many countries begin to look for alternatives to the supplies that they were getting from Arab nations and in the years immediately following the embargo many efforts would be directed at the promotion of
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