CRUDE OIL EXPLORATION AND UNDERDEVELOPMENT IN NIGERIA: A RESOURCE CURSE ANALYSIS

Technoscience Review (TR)

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Title CRUDE OIL EXPLORATION AND UNDERDEVELOPMENT IN NIGERIA: A RESOURCE CURSE ANALYSIS
 
Creator Jack,, Jackson T.C.B.
Uchechukwu, Dan Axe
Azubuike,, Blessing O.
Akujobi,, Chiedoziem T.
 
Description Being rich with crude oil and other numerous natural resource, Nigeria is potentially among therichest countries in the world. Yet, it suffers chronic underdevelopment. Could the ResourceCurse theory apply to it? The study examines the resource curse hypothesis of the Nigerian oilrich State. Globally, the country is perceived as structurally disconnected from the abundantnatural and human capital resources. The discovery of crude oil in Nigeria provided for itssocioeconomic viability and has contributed to recent upsurges of institutional uncertainty andinsecurity. The ongoing debate about the deplorable state of human and natural resourcedevelopment in the Niger Delta region of Nigeria, signifies concomitant threat to the naturalenvironment by oil and gas exploration. This situation has resulted to some forms of excruciatingpoverty, restiveness, criminality, human rights abuse, and attendant underdevelopment crisisthat have been more conspicuous in recent time. It has been argued that the oil producing areasof this region suffer from grave discord, negligence, development politics taint with endemicviolence and wanton insecurity. These have continuously threatened the foundation ofsustainable livelihood survival of the people. It is argued that the eco-unfriendly activities of themultinatioal corporations in the region has resulted in environmental degradation, andenvironmental degradation in turn engenders multifarious forms of human and environmentalresource curse like cultism, kidnapping, loss of biodiversity and economic recession as a resultof overdependence on oil revenue for national development thus constituting grave plague tosustainable socioeconomic and political ascendancy. The study explores the analytical content ofthe present state of resource curse to explain interconnectedness between oil exploration andunderdevelopment in Nigeria. It noted some constraints for achieving sustainable oil explorationand development of Nigeria.
 
Publisher UNIVERSITY OF NIGERIA, ENUGU CAMPUS
 
Contributor
 
Date 2016-12-30
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://technosciencereview.org/ej/index.php/tr/article/view/34
 
Source TechnoScience Review; Vol 7, No 1 & 2 (2016)
2636-6912
2250-9045
 
Language eng
 
Relation http://technosciencereview.org/ej/index.php/tr/article/view/34/34
 
Rights Copyright (c) 2016 TechnoScience Review
 

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