In 1958, oil was first discovered in Nigeria. The discovery has led to the transition from agriculture-based economy to that of oil economy. One would believe that a country that produces a numerous amount of oil used to support the world with energy would have improved domestic infrastructures and economic
diseases. Social and Political Issues Shell’s presence in Nigeria has also had enormous social consequences, particularly in the Niger Delta region. The people in this region are dissatisfied for many
Petroleum production began in the late 1950’s, and by the early 1970’s it was by far the leading export. The massive revenues from oil have led to widespread corruption that continues today. Up to a fifth of the country’s oil output, an estimated 400,000 barrels a day, is embezzled from illegally tapped pipelines. Money has also disappeared; Nigeria’s central bank claimed that some $20-billion in oil revenues had simply vanished.
ecological purposes. Various acts and pieces of legislation paired with advocacy on the part of
TOPIC: THE NIGER DELTA STRUGGLES: ITS IMPLICATIONS FOR RESOURCE CONTROL. A HISTORICAL OVERVIEW OF THE STUDY The Niger Delta region, Nigeria 's oil belt has been the site of a generalized ethnic and regional
Blood Oil in the Niger Delta Introduction Situated along the coast of the Gulf of Guinea is a region about the size of South Carolina that offers a land full of sweet, light crude oil, known as the Niger Delta (Delta). The Delta sits within the country of Nigeria in West
Nigeria, with a population of 190,584,690 people is the most populous country in West Africa. Marked with huge reserves of oil and natural gas, oil exploration in Nigeria first began in the year 1908, with long breaks during the first and Second World War. After the further discovery of commercial oil fields in Oloibiri in 1956, crude oil has since being produced in large quantities. Today, the country produces a maximum capacity of 2.5 million barrels of crude oil per day, and is the world’s sixth largest producer of crude oil. Crude oil export, accounts for 90% of Nigeria’s earnings. Oil exploration occurs onshore, on land and swamps, while off-shore operations occur mainly in water depths reaching 2500m. Currently, crude oil is
Shell Oil in Nigeria 1. What are some of the factors explaining why corruption and bribery are so high in Nigeria? Nigeria is considered to be one of the most corrupt countries in the world. Many different forms of corruption are familiar to Nigeria including political corruption, bureaucratic corruption, electoral
In the article “ The fuel subsidy crisis has woken Nigerians up”, by Tolun Orgunlesi was profoundly characterised by the alarming issue that the citizens from Nigeria are confronting with the withdraw of fuel price subsidy which subsequently has led fuel price to increase more than double, consequently, provoking the
Nigeria is a resource rich nation with extensive reserves of oil and in fact, is Africa’s largest producer of oil. British Petroleum ranks Nigeria 9th in terms of the world’s oil producing nations. ( Desperate, 2012) However,
Group Assignment - Project Report Case: Shell Oil in Nigeria CLASS: BUS6351 - 2010SU-25535-BUSINESS AND SOCIETY Submitted by: Group 06 Nawazuddin Mohammed Khaja Randy Janssen Olufunto
Part A: The approaches to ethics and social responsibility Employees of a global company such as MKD need to adhere to the companies’ regulations as well as guidelines regarding ethical behavior and responsibility. The various ethical behaviors that are exercised by MKD towards their employees include, abiding to the law. With regards to the oil spill, the employees of the company are required to take the required measures that will ensure that the damages of the oil spills are minimized, this will enable the company to adhere to environmental laws as well as prevent the occurrence of law suits and government fines. The employees of the company are also required to be responsible for their actions regardless of whether the actions are positive or negative. The employees in this case are required to take responsibility after the oil spill before it causes more damage. They are also required by the management to ensure that they keep the environment clean as they carry out their organizational activities. The employees of the company also need to be accountable, they thus need to communicate their negative actions to the management as well as admit to their actions in a timely manner. In our case, they need to assess the damage that has been caused by the oil spill, as well as identify the causes of the oil spill instead of blaming each other (Damon P. 2010).
Niger Delta Development Commission (NDDC) Act 2000 Promulgated in 2000, the NDDC Act highlights the importance of addressing the “problems” which arise from the exploration of oil minerals in the Niger-Delta area […]” .Section 2(1)(b) of the NDDC Act sets out rules for the composition of the Niger Delta Development Commission
Regulations and Laws There are limitations for corporate social responsibility. Basic limitations are compliance with laws, cost, effectiveness and complexity. As a result of limitations, social responsibility activities of corporations may not satisfy society. The question “Is this our responsibility?” for a social issue, is something business managers facing very often.
Institutions and oil Evidence suggests that Nigeria’s poor oil management is due to institutional and governance reasons rather than economic mismanagement alone, and corruption and the rentier nature of the state are important part of the issue; Watts (2008) categorizes Nigeria as a “rentier petrostate”. Sala-i-Martin and Subraiman (2016) main argument