2006-06-27 07:11:29 · 3 answers · asked by otayemidlawyer 1 in Social Science ➔ Economics
Nigeria's economy is fully dependant on the petroleum industry. actually this industry is the cause of conflicts in the country. a olt of corruption is made in this industry. foriegners have also eye son the oil of nigeria
2006-07-06 23:06:58 · answer #1 · answered by jamal 4 · 1⤊ 0⤋
Not enough data. It's clear that petroleum industry contributes a lot to job creation and government solvency, but the impact it has on corruption and government malfeasance is very difficult to assess, although it is definitely there.
2006-06-27 15:07:40 · answer #2 · answered by NC 7 · 0⤊ 0⤋
Seeing as Nigeria is not a market economy, it has had very little. The only negligible impact is that it is fueling violence in the country.
In the same way that "conflict diamonds" fuel genocide in western African nations, oil has the same impact in unstable countries with puppet governments.
2006-07-10 21:52:53 · answer #3 · answered by brewcityconservative 2 · 0⤊ 0⤋