Nigeria 's Economy And Natural Resources Essay

In this beautiful earth, there are so many countries we could learn about and so many interesting facts.Most people try to choose the easy route and find out more about the U.S.A. but today were doing Africa, better yet Nigeria which is in West Africa.An online article states that,Nigeria is mostly known for their oil and petroleum production. This country is located on the western coast of africa with climates ranging from arid to humid equatorial, some of the things that their land is environmentally known for are the savannas, tropical forest and coastal wetlands. Nigeria covers 356,669 square miles about twice the size of California. With hundreds of people, this means there's over

On Apr. 14, 2014, Islamist militant group Boko Haram abducted 275 girls --- most of them Christians --- from their school in Chibok, Nigeria. While almost 50 girls were able to escape, 228 are still believed to be in the hands of the kidnappers, Christian Today reports.

Boko Haram is a terrorist group that primarily has its stronghold in Nigeria. It consists of a rough group of barbaric Muslims that are terrorizing the villages over the area. This group frequently kidnaps girls from well-educated westernized villages to keep them from education because according to Sharia law, which is the Islamic religion, ladies should be illiterate, and should be stay at home moms, with their kids. These events, deeply trouble villages, and vulnerable places of attacks. Boko Haram frequently uses the abducted girls as suicide bombers. This terroristic group is known to be a very secretive and stealthy group. Aside from Nigeria “Locations impacted include the states put under the state of emergency in 2011, including Borno, Niger, Plateau, and Yobe. In May 2013, a state of emergency was again declared in the states Adamawa, Borno, and Yobe.”(Bumgardner, J.) Boko Haram is an uncontrolled, pass the limits gang of that follows teachings of Muhammed over and beyond what they should be doing and have lost their sense of reason. It started in 2002 when Muhammed Usuf led a group of very radical extremist. The government of Nigeria tried to put a stop to it by having Muhammed executed in July 2009. They have since in September of 2015 had all Boko Haram Camps destroyed. The key plan to have Boko Haram annihilated completely is that the Nigerian government should increase their militia and should give their militia more intuition and enthusiasm to go about

Similar to the past few years, the atrocious kidnapping of 276 on the 14th of April, of boarding school girls from the village of Chibok in the north-eastern part of Nigeria falls into an arrangement of shocking terror unbridled by Boko Haram. Nigeria has always been at the heart of security threatening challenges, but Boko Haram is the most powerful group as of yet. Boko Haram has claimed responsibility for many bombings and other terrorist activities north and central Nigeria, thus placing Nigeria on the verge of dissolution. Till date, terror caused by Boko Hara has resulted in an estimate of about 10,000 deaths. Boko Haram, officially called Jama’tu Ahlis Sunna Lidda’Awati Wal-Jihad, is a Sunni extremist terrorist group based in northeast Nigeria and active in Chad, Niger and Cameroon. Purpose of Boko Haram is to get rid of the current political regime in Nigeria, which the group believes is run by corrupt Muslims. They group wishes to “establish a fundamentalist interpretation of Sharia (Islamic law) across all of Nigeria (Start).” Furthermore, the group wishes to rid Nigeria of any western education and institutions, specifically schools for girls. Seven to ten thousand members of Boko Haram are led by Abubakr Shekau. Initially, the group had links to Al-Qaeda, but pledged allegiance in March 2015. Since the end of the British rule, politicians and Islamic ulama have expressed their disapproval with western education. Since then, political and ethno-religious groups

Niger is one of the most poorly located places in the world. With few natural resources and even fewer arable land it needs help from a lot of countries. Niger receives most of their imports from France. They get various objects from donations as sixty-four percent of Nigerians are

oil in Nigeria. Nigeria’s large supply of high quality crude oil helped Shell climb to the top,

This began to set the stage for the primary form of terror used by Boko Haram. However, many of Boko Haram’s fighters were in Mali, fighting alongside AQIM against the French incursion into Mali’s civil war. It wasn’t until early 2014 that Boko Haram became world famous. During the night of 14-15 April, 2014, Boko Haram militants infiltrated a boarding school for young girls in Chibok, Nigeria. This resulted in the kidnapping of 219 school-aged girls, and a yearlong attempt to recover them. Eventually, the girls were released, however, many had been taken to other African countries and sold as sex slaves, or forced to convert to Islam and marry soldiers of Boko Haram. While kidnapping is still a

“Nigeria is currently the largest oil producer in Africa and was the world 's fourth-largest exporter of LNG in 2015. Nigeria 's oil production is hampered by instability and supply disruptions, while its natural gas sector is restricted by the lack of infrastructure to commercialize natural gas that is currently flared (burned off).” (British Petroleum, 2016) Nigeria is a member of OPEC. Although Nigeria is the largest oil producer in Africa, its production is affected by unplanned outages; some that have been estimated to have been up to 500,000 BPD. (U.S. Energy Information Administration, 2016) Nigeria’s petroleum industry is impacted by regulatory uncertainty, corruption, mismanagement of oil subsidies, oil theft, sabotage, environmental damages, and piracy in offshore West Africa.

According to Mamodu (2014) a top BokoHaram historian, stated that from an interview with the group’s spokesman, he mentioned that Boko Haram’s objective is the application of the sharia law throughout Nigerian state. Through the act of kidnappings, bombings and suicide attacks which are aimed at churches and symbol of the federal government such as the police stations.

Oil production in Nigeria’s Niger Delta began in 1956. Ever since then, the Delta communities have recognized unrest as oil was being distributed in profitable quantities. Oil has been Nigeria’s leading export product for more than six decades. Even though, oil has given Nigeria a tremendous economic boost, nearly sixty percent of that oil production has been carried out under Shell’s regulation, and during these past six decades, there has been enormous environmental degradation because of frequent oil spills and gas flaring. This has led to a polluted fish ponds and declining growth of crops in Niger communities. Shell has personally financed Nigerian militants to insure the production of oil, and this has led to brutal murders and illegal executions of community members who tried to protest the damages that shell was creating to their environment. So why and how is Shell still operating and still committing human right crimes in Nigeria? This paper will explain why Shell has dominated Nigeria since the 1950s, how the company has damaged the lives of numerous communities, insured the production of oil to this day through militant use, and still managed to separate themselves from the many years of violence that they founded.

Nigeria is blessed with vast quantity of oil making it the 6th largest oil exporter in the organization of petroleum exporting country. Oil is a major source of energy in Nigeria and the world in general. Oil being the mainstay of the Nigerian economy plays a vital role in shaping the economic and political destiny of the country. Although Nigeria’s oil industry was founded at the

In a village far away, there once lived a girl whose alias was Eira. Eira appeared to be commended by many others, but had yet to discover a gentleman that would dote her as much as she will dote him. Until one day her life took a turn for the preponderant.

Being blessed with such an enviable natural resource; “black gold” as it is often referred to, one would think this resource would be well managed to improve the wellbeing and development of Nigerian citizens and also put the country at par

Doug Addison (unpublished) further explained that the Nigeria economy is not merely volatile; it is one of the most volatile economies in the world (see figure 1 below). There is evidence that this volatility is adversely affecting the real growth rate of Nigeria’s gross domestic product (GDP) by inhibiting investment and reducing the productivity of investment, both public and private. Economic theory and empirical evidence suggest that sustained high future growth and poverty reduction are unlikely without a significant reduction in volatility. Oil price fluctuations drive only part of Nigeria’s volatility policy choices have also contributed to the problem. Yet policy choices are available that can help accelerate growth and thus help reduce the percentage of people living in poverty, despite the severity of Nigeria’s problems.

With the production of 229,008,126 barrels of crude oil and condensates increased in the third quarter of 2010 with an average of 2.49 million barrels per day of domestic production in recent years, four refineries of 445,000 b/d refining capacity, the issue of meeting domestic oil demand should have been substantially addressed. However, with the 0 – 15% refining capacity in 2009[2], which is often the case over the years, importation became the only available alternative. Hence, Nigeria though a leading exporter of crude oil in the world is also, ironically, a net importer of petroleum products.