Revenue Allocation In Nigeria Essay

While attending Lynchburg College, the students are given an opportunity to interact with countless international students. I personally have been fortunate enough to interact immensely with multiple of them throughout my four years here. I developed close bonds with Nigerians, Ethiopians, Russians, Hungarians, and Jamaicans. However, when Dr. Nathan introduced the class to the interview paper at the beginning of the semester; I immediately thought of Sylvanus Chukwu Umahi.

Nigeria and Angola are both West African countries plagued by the resource curse. The countries are teeming with oil, ranking Nigeria as Africa’s largest oil producer and Angola as the second largest oil producer. In 2014, it was reported that Nigeria was responsible for producing 2.4 million barrels of oil per day and Angola produced 1.8 million barrels of oil per day. While these numbers have fluctuated greatly in the past, both countries still remain at the top as Africa’s oil producers (Carpenter; Ajayi). The production of oil in Nigeria and Angola has brought in a great deal of profit to both countries, however, it has also come along with a number of complications. As Ajayi writes, “fuel abundance in less developed countries tends to

Most children in the Niger delta have little or no education, due to lack of funds from their parents who have lost their lands and have no jobs because of limited opportunities. The Niger delta government and the oil companies have refused to look into the situation; instead they favor their close relations neglecting the masses. Corruption in the Niger delta has led some youths in taking drastic measure in order to put food on their table. For example, Ikechukwu Efe an indigene of the Niger delta said that some of his friends created their own “oil refinery”, which is made up of crude oil in metal barrels with controlled heat from fire woods. This is a dangerous process in refining crude oil but the degree of poverty in the state left his friends with no choice. If only the government of the Niger delta have created jobs with the wealth of the state Ikechukwu’s friend would not have to put their lives in danger. Until corruption is put to an abrupt the people of the Niger delta will continue to live in poverty.

“This essay will be written on Nigeria during the independence era to the present time of the country. What will be discussed about Nigeria is how they achieved their development, how they are now currently the African continent’s top economy. “The discussion that will be in this essay is the theories used after Independence in Nigeria to obtain development. Nigeria is also known for the country’s population growth; population growth has its advantage which has a positive impact on the country’s economic growth as it causes demand for products and also leads to an upsurge in human a country which is why Nigeria today is leading with their economic growth.” “Nigeria is a country endowed with human, agricultural, petroleum, gas and large untapped mineral resources” Nigeria was once a colonialized country, they managed to obtain their Independence. According to (Babs,1977) Nigeria is mostly likely referred as the “Giant of Africa” because of its population, the country is also culturally diverse and has a large economic growth in Africa.” Nigeria has relatively advanced power, road, rail and ICT networks that cover the national territory quite extensively, Nigeria has a good progress in their infrastructure and sanitation”

As most governments do struggle when changing over into a new form of government, with hope to better its people, Nigeria is no exception. After 16 years of military dictatorship, three republics, many riots and protests, and about seven coups and/or overthrows, the new Federal Republic of Nigeria adopted a new constitution in 1999, and held honest, fair civilian elections (for the first time in almost two decades) to hopefully ease all of the religious, cultural and militant related tension in Nigeria. Only having about twice the area of the state of California, but with over *three and a half times the population (California Department of Finance, Demographic Research Unit, from the 2000 census), and

An archetypal example of an oil state and primary exporting country, Nigeria is the largest oil exporter in Africa and the world’s tenth largest oil producer (Pyagbara 2007: 1). As of 2010, crude oil and petroleum gas accounted for approximately 80% of the country’s overall exports, totaling over $50.3 billion in revenues the next year (Pyagbara 2007: 2). Despite maintaining a lucrative resource that could arguably catalyze momentum towards economic development, poverty plagues Nigeria and continues to rise despite efforts to forge positive, developmental changes. In fact, areas showing the largest amounts of oil like the Niger Delta happen to be the country’s most economically marginalized region. A significant impetus of these tumultuous changes has been multinational oil corporations like Shell that have been extracting oil in Nigeria since 1956. This paper seeks to examine Nigerian development in the face of oil extraction and how MNCs such as Shell have played a role in the country’s development. I will argue that MNCs, specifically Shell, have had an adverse effect on development within Nigeria as a result of oil extraction and the establishment of dependency on oil, both of which are amplified by the deep-rooted intrastate issues present despite MNC intervention.

Nigeria obtained their independence from Britain on 1st October 1960. Within the country of Nigeria, they have over 371 tribes, but the main three that is well known are, Igbo, Hausa, and Yoruba. Within those 371 tribes, they have 521 languages. Nigeria is well known for their petroleum, and they have other natural resources include tin, iron ore, coal, limestone, niobium, lead, zinc and arable land. The maximum crude oil production capacity of Nigeria is 2.5 million barrels per day, and the whole world consumes an average of about 19.4 million barrels per day. One might ask, what is the problem with a country with the maximum capacity of oil production at 2.5 million a day? The problem with the country of Nigeria, according to my research, shows that its people are living in poverty. The country does have people who are blessed with money, but it also has people who cannot afford anything to eat for a day. According to the Food Aid International organization (FAI), “3000 adults and children die every day of hunger and poverty,” (Xinhua).“BBC news.” Another statistic from, “UNICEF, ORG,” illustrates, “About 70.8 percent of the population lives on less than $1 a day, and 92.4 percent lives on less than $2 day.” My research shows that the contributing factor of these massive poverty among citizen is caused by, unemployment, high inflation rate, high-interest rate, poor economic planning, high taxation, policy conflict, and corruption. But my study focuses on the leading factor

The untaxed and unregulated revenues - by some estimates - account for between 40% and 45% of gross domestic product (GDP). Nigerians make most of their living, as street hawkers, minibus drivers, money changers or market traders. In spite of the abysmal performance of the country’s economy, poor infrastructure and unfriendly business environment Nigeria has huge potentials to be tapped because of its huge deposits of Natural Resources and population that can be gainfully employed.

(2011) to discuss the political economy of the Nigeria petroleum sector. These functions are clearly described in chapter four of this work.

Nigeria got their independence from Britain on 1st October, 1960. Within the country of Nigeria, they have over 371 tribes, but the main three that is well known are, Igbo, Hausa, and Yoruba. Within that 371 tribes, they have 521 language. Nigeria is well known for their petroleum, and they have other natural resources include natural gas, tin, iron ore, coal, limestone, niobium, lead, zinc and arable land. The maximum crude oil production capacity of Nigeria is 2.5 million barrels per day, and the whole world consume an average of about 19.4 million barrels per day. One might ask, what is the problem with a country with the maximum capacity of oil production at 2.5 million a day? The problem is that people in that country are living in poverty. According to the Food Aid International organization (FAI), “3000 adults and children die everyday of hunger and poverty,” (Xinhua). My research shows that there are many contributing factor why people are living in poverty, which are: Unemployment, bad education system, inequity, and corruption. But my research focuses on the leading cause of poverty in Nigeria, which is corruption within the government system. According to “BBC News,” it shows that almost 100 million people living in Nigeria lives under $1 a day.

Nigeria is part of the 16 countries in West Africa. Nigeria has different groups of ethnicity and has a population of about 186 million. Nigeria has over 250 ethnic groups. The ethnic groups have different belief and practices (VANGUARD,2017). The country is well known for its oil natural resources which provides most of their gross domestic product. The largest groups are the Hausa in the north, the Yoruba in the southwest and the Igbo (or Ibo) in the southeast, who account for around a fifth of the population each. The languages of these three groups can therefore be used in government. Other large groups include the Ijaw in the east and the Fulani in the north. Nigeria is divided into 36 states. In this essay I will discuss the cultural in the northern states, southern states and other cultural practices strongly encourage.

Observations have shown that local government in Nigeria has not performed to expectation. Keen observers have since adduced various propositions for explaining the reasons why the system has recorded abysmal level of inefficiency and ineffectiveness vis-à-vis justification for its establishment. But before reading into the problems of local government, we shall first attempt to illuminate the historical background of local government in order to have adequate grasp of its future and achieve deeper understanding of salient issues raised in this paper.

Nigeria is a transit country for illegal wildlife trade both at domestic and international market levels of the threatened African Giant Pangolin, Elephant Ivory, the Nigerian Cameroon Chimpanzee, and Vultures. Despite being a signatory to the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES), the level of compliance in upholding the objectives of this Convention at the Federal Government level is very poor and ineffective.

(e) Principle of Fiscal Equalization: In order to ensure a minimum level of public goods and services same degree of

In almost all nations of the world today, taxes form the most important part of governments’ venue. The need for taxation the world over and particularly, the “Third World”, has become necessary; and will remain so with the increasing dependence of the citizenry on the central government for the provision of infrastructure and other necessaries of life. In Ghana, the central government provided and continues to make available such infrastructure as roads, portable water, rural and urban electrification, hospitals, schools and many others. In addition, the state provides defense for its people against external aggression and the maintenance of law and order.