NIGERIA’S MEMBERSHIP OF ORGANISATION OF PETROLEUM EXPORTING COUNTRIES (OPEC).A CRITICAL EVALUATION OF COST AND BENEFITS
NIGERIA’S MEMBERSHIP OF ORGANISATION OF PETROLEUM EXPORTING COUNTRIES (OPEC).A CRITICAL EVALUATION OF COST AND BENEFITS
No Thumbnail Available
Date
2010-06
Authors
AROBANI, ADEWALE AUSTIN
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
Nigeria as one of the major oil producing country is also one of the eleven
members of Oil Producing Exporting Countries(OPEC) formed in 1960 to regulate
production and supply of crude oil in the international oil market.
Nigeria’s membership in OPEC since 1971 has generated huge foreign capital
through oil supply and has not conferred on her automatic economic benefits rather
has been met with several fiscal measures such as SAP to reduce the problem of hyper
inflation etc. on the other hand, it has promoted corruption, crime, mono economy and
social unrest among others.
In spite of this negative impacts recorded, however, it has also been associated
with positive records. It is against this background that an evaluation of cost and benefit
of Nigeria’s membership in OPEC is carried out since her membership.
In view of this, most literature reviewed are secondary data and the internet so as
to help the researcher to making rational judgments to situate the subject into proper
analysis.
The findings therein are therefore recorded for student and policy makers to help
make a good judgment of Nigeria’s prospect and challenges as a member of OPEC.
Description
A PROJECT SUBMITTED TO THE POST GRADUATE SCHOOL,
AHMADU BELLO UNIVERSITY, ZARIA IN PARTIAL FULFILLMENT OF
THE REQUIREMENT FOR THE AWARD OF MASTERS IN
INTERNATIONAL AFFAIRS AND DIPLOMACY (MIAD)
DEPARTMENT OF POLITICAL SCIENCE,
FACULTY OF SOCILA SCIENCES
AHMADU BELLO UNIVERSITY, ZARIA
JUNE, 2010
Keywords
NIGERIA’S,, ORGANISATION,, PETROLEUM EXPORTING COUNTRIES,, CRITICAL EVALUATION,, COST,, BENEFITS.