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Nigeria-United States Economic Relations and the Development of the Oil Sector

Type de ressource
Auteurs/contributeurs
Titre
Nigeria-United States Economic Relations and the Development of the Oil Sector
Résumé
This study examines Nigeria – United States economic relations from 1999-2018. It was noted that since the Nigeria’s economic relation with United States, the development stride which Nigeria state so desired in the oil sector did not yield any tangible result within the period under study viz opening of new refineries and effective turn around maintenance of the refineries. The specific objectives of this study are: 1. To examine whether Nigeria-United States economic relations has led to opening of new indigenous refineries in Nigeria 2.To determine whether Nigeria–United States economic relations improved the maintenance of refineries in Nigeria within the periods under study 3.To ascertain if Nigeria and United States economic relations had advanced technological transfer in the oil sector industry in Nigeria. The data employed for the study were collected from documentary sources while content analysis was implored for data analysis. The theoretical framework that anchored this study is the Rentier State Theory (RST). After a critical analysis, the following findings were made: 1. it was discovered that Nigeria United States economic relations did not lead to opening of new indigenous refinery 2. The crude oil export to the United States did not improve the maintenance of oil refinery in Nigeria 3. The Nigeria-United States economic relations had not advanced technological transfer in the oil sector industry in Nigeria. In line with the findings the researcher made the following recommendations: 1.That Nigeria government should make a policy that will bring a paradigm shift from net import to net export 2. Nigerian government should make it policy easier as to accommodate and encourage private sector participation in the refining of petroleum products 3. Nigeria government should partner with other countries of the world outside United States that are willing to develop her indigenous technological skills.
Publication
African Journal of Politics and Administrative Studies
Volume
17
Numéro
2
Pages
355-378
Date
2024-12-12
Langue
EN
ISSN
2787-0359
Référence
Okorie, I., Iwuozor, O., & Itumo, A. (2024). Nigeria-United States Economic Relations and the Development of the Oil Sector. African Journal of Politics and Administrative Studies, 17(2), 355–378. https://www.ajol.info/index.php/ajpas/article/view/284418