Academic literature on the topic 'Nigerian oil exports'

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Journal articles on the topic "Nigerian oil exports"

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Okechukwu, Obiora G., Glauco De Vita, and Yun Luo. "The impact of FDI on Nigeria’s export performance: a sectoral analysis." Journal of Economic Studies 45, no. 5 (2018): 1088–103. http://dx.doi.org/10.1108/jes-11-2017-0317.

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Purpose The purpose of this paper is to examine the foreign direct investment (FDI)–exports relationship in Nigeria using disaggregated FDI and export data. Design/methodology/approach This paper applies the autoregressive distributed lag cointegration approach in examining the long-run relationship between FDI and exports. Findings The results suggest that aggregate FDI has a positive and statistically significant long-run impact on total exports. Once exports are disaggregated into oil and non-oil exports, the positive, cointegrating relationship holds only for oil exports. When disaggregated by sector, primary sector and manufacturing sector FDI have a positive and significant long-run relationship with both total exports and oil exports but service sector FDI does not appear to have any significant influence on Nigerian exports. Originality/value This is the first paper that employs both sectoral FDI and disaggregated export data to examine the FDI–exports nexus in Nigeria.
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Zoramawa, Lawali Bello, Machief Paul Ezekiel, and Salisu Umar. "An analysis of the impact of non-oil exports on economic growth: Evidence from Nigeria." Journal of Research in Emerging Markets 2, no. 1 (2020): 15–23. http://dx.doi.org/10.30585/jrems.v2i1.387.

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The study assessed the contribution of the non-oil sector to the economic growth in Nigeria between the periods 1981 and 2019. The study employed the ARDL bound test for cointegration to analyze the direction among the variables under review. The results of the analysis revealed that there is a negative and statistically significant relationship between non-oil exports (NOE) and economic growth (RGDP) in Nigeria during the period under investigation in the long-run for Manufacturing (MANX), solid mineral(SOLX) except for Agricultural export (AGRX). There is also a bidirectional causal relationship between non-oil exports and economic growth in Nigeria during the same period. The study, therefore recommended that the Nigerian government and other stakeholders should make a country’s non-oil export commodities more attractive and competitive in the global market which will prompt the demand for Nigeria’s non-oil goods at the international market. Keywords: Non-Oil exports, Economic Growth,
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Ikpe, Marius, Richard Okey Ojike, and Kenneth Onyeanuna Ahamba. "Does Trade Liberalisation Policy Enhance Performance of Non-Oil Export Trade in Nigeria?" Foreign Trade Review 55, no. 2 (2020): 248–60. http://dx.doi.org/10.1177/0015732519894161.

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Decades after the trade liberalisation policy shift, poor performance problem of non-oil export in Nigeria (a net-oil exporting economy) persists. Against this backdrop, and given the lack of analytical depth among Nigerian-specific studies, this study empirically provided answer to the question of whether trade liberalisation policy enhances non-oil export trade in Nigeria. The study adopted an Autoregressive Distributed Lag model approach to the analysis of the impact of trade liberalisation policy on non-oil export trade. Evidence provided support for trade liberalisation policy as the growth driver for non-oil export, a sector that exports more but earns little in terms of revenue. As a result, the study recommends a well thought-out public–private partnership arrangement for the efficiency of the private sector (a major player in non-oil export trade), to optimally harness the benefits of liberalisation in Nigeria’s non-oil trade sub-sector. JEL Codes: F14, F17, F41, F62
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Akanbi, Sa’ad Babatunde, Halimah Adedayo Alagbe, Hammed Agboola Yusuf, and Musibau Hammed Oluwaseyi. "Exchange rate volatility and non-oil exports in Nigeria: An empirical investigation." Journal of Emerging Economies and Islamic Research 5, no. 2 (2017): 5. http://dx.doi.org/10.24191/jeeir.v5i2.8800.

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The adoption of a flexible exchange rate system since 1986 in Nigeria has made the country witnessed varying rate of the naira vis-à-vis the U.S dollar. This paper examines exchange rate volatility with ARCH model and its various extensions (GARCH, TGARCH, and EGARCH) using quarterly exchange rate series from 1986-Q1 to 2014-Q4.The impact of exchange rate volatility on non-oil exports was also examined using Error Correction Model (ECM) with two different measures of volatility. The results obtained confirm the existence of exchange rate volatility and also found a significant negative effect on non-oil export performance in Nigeria. Therefore, the Nigerian government should ensure an appropriate policy mix that not only ensures a stable and realistic exchange rate but also conducive atmosphere for production and exportation.
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Kromtit, Matthew J., Charles Kanadi, Dorathy P. Ndangra, and Suleiman Lado. "Contribution of Non Oil Exports to Economic Growth in Nigeria (1985-2015)." International Journal of Economics and Finance 9, no. 4 (2017): 253. http://dx.doi.org/10.5539/ijef.v9n4p253.

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This study examines the contribution of non oil export to the growth of the Nigerian economy for the period 1985-2015. The economy is experiencing a fall in exchange earning, a fall in GDP, depletion of external reserve, scarcity of foreign exchange, and high cost of goods. This is as a result of the sudden fall in international oil price. Thus, this forms the motivation for the study. Augmented Dickey Fuller was used to test for unit root and to ascertain the stationarity of the variables. The result showed non oil exports to be stationary at level while economic growth proxied by Gross Domestic Product (GDP) and exchange rate were stationary at first difference. Auto-regressive distributed lag (ARDL) model was then employed to ascertain the relationship between non oil exports and GDP. The Bound test conducted showed the presence of cointegration which means a long run relationship among the variables existed. The ARDL regression result indicated a positive and significant relationship between non oil exports and GDP. This means non oil exports contributed significantly to economic growth in Nigeria. The result also revealed that exchange rate had a negative though not significant relationship with GDP which is in line with economic theory. The study recommended making legislation that makes participation in non oil sectors like agriculture, solid minerals and manufacturing easy by both local and foreign investors, provision of credit at lower interest rate to the non oil sectors and direct participation in developing these sectors by the government.
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Oladunni, Sunday. "External Shocks and Business Cycle Fluctuations in Oil-exporting Small Open Economies: The Case of Nigeria." Central Bank of Nigeria Journal of Applied Statistics, Vol. 10 No. 2 (February 21, 2020): 39–71. http://dx.doi.org/10.33429/cjas.10219.2/6.

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This study employs a sign-restricted Bayesian structural vector autoregressive (BSVAR) model to analyse how global demand, oil price and the US monetary policy shocks impact the Nigerian business cycle. The objective is to uncover the dominant external drivers of the business cycle in Nigeria. Results show that global demand and oil price shocks are the principal foreign drivers of the Nigerian business cycle. The global demand shock elicits the strongest responses from output growth and inflation; while oil price shock impacts the terms-of-trade and interest rate the most. The historical contributions of the global demand and oil price shocks to the evolution of output growth are significant and comparable, while that of oil price shock to inflation and interest rate is dominant. Further sensitivity analysis of pre-crisis period of 2008/09 suggests that macroeconomic risk arising from global demand shock is systematic, owing to the comparable impact on output growth and similar interest rate response in the two estimations. Evidence suggests that the GFC may have contributed to the more volatile inflation response to global demand shock in our full sample estimation. Given the strong and pervasive impact of the global demand shock on output growth, Nigeria can manage its vulnerability by shrinking the size of oil exports in its terms-of-trade, while growing non-oil exports progressively through sustained economic diversification and viable industrialization strategy.
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HINDS, ALLISTER E. "GOVERNMENT POLICY AND THE NIGERIAN PALM OIL EXPORT INDUSTRY, 1939–49." Journal of African History 38, no. 3 (1997): 459–78. http://dx.doi.org/10.1017/s0021853797007007.

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This paper examines the role of the imperial and colonial governments in the formulation of policy towards the Nigerian palm oil export industry between 1939 and 1949. It argues that for most of the war years colonial officials in Nigeria accepted that metropolitan needs and conditions should dictate policy in the oil palm produce industry. However, towards the end of the war, they began to question whether policies centred around the requirements of the metropole would preserve the future competitiveness of the industry. Thereafter, they pressed for measures which gave priority to the problems and necessities of the local industry and the colonial economy. While colonial policy was sensitive to the concerns of imperial and local government officials, for most of the period under review it was reluctant, and on occasions, unable to accommodate the measures necessary to harmonize imperial and colonial goals. Consequently, the anticipated expansion in palm oil exports failed to materialize and the future competitiveness of the industry remained in doubt.This article fills an important void in the current literature on the Nigerian palm oil export industry. To date insufficient attention has been paid to the thinking within imperial and colonial government circles which underpinned the policies adopted in the industry during World War II and the early post-war years, and which led to the failure of policy makers to achieve their objectives. Moreover, the current literature ignores the vigorous debate between the Colonial Office and the Nigerian colonial government, and among colonial government officials, over the best means by which the needs of the local palm oil industry could be reconciled with the demands of the metropole, especially between 1942 and 1949.
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Ezike, E. "Nigerian foreign trade policy: Its impact on non-oil exports." Journal of Economics and International Finance 4, no. 8 (2012): 192–200. http://dx.doi.org/10.5897/jeif12.013.

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Aluko, Akinseye Olatokunbo, and Gbadebo Olusegun Abidemi Odularu. "Understanding the Impact of Strategic Change Management on the Maritime Crude Oil Transportation Industry in Nigeria." Review of Black Political Economy 46, no. 2 (2019): 130–51. http://dx.doi.org/10.1177/0034644619850182.

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Maritime transportation plays a strategically crucial role in the diversification of the Nigerian economy due to its trade (exports and imports) facilitation role in enhancing value chain competitiveness. Thus, this article investigates the role of strategic change management (SCM) on the Nigerian Maritime Crude Oil Transportation Industry (MCOTI) within the context of Sustainable Development Goals (SDGs). Furthermore, the study finds that both managers and end users think a “radical change” rather than a “gradual change” is needed in the MCOTI in Nigeria. However, both managers and end users gave significantly different reasons for a radical change in the industry. For example, most managers argued that government intervention through deregulation, increased investment in technology, and trade facilitation infrastructural development are critical for the survival, restructuring, repositioning, expansion, and growth of the industry (in terms of ship registry and number of cabotage vessels in Nigerian coastal waters), whereas end users focused on product pricing and availability as well as increased opportunities for the vulnerable and economically disadvantaged.
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Shehu, Sani, Mohd Afandi Salleh, and Edy Fitriawan Syahadat. "THE CHALLENGES FACING PALM OIL INDUSTRY IN NIGERIA." Asian People Journal (APJ) 4, no. 1 (2021): 26–33. http://dx.doi.org/10.37231/apj.2021.4.1.201.

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The oil palm plantation can be found throughout West Africa and palm oil has contributed significantly towards the Nigerian exports. However, the palm oil industry in Nigeria was declining to 36.4% in 1969 and 13.2% in 1974 in spite of being the largest global exporting country at the beginning of 20th Century. Since then, domestic consumption has increased, slow growth in palm oil production and low output was delivered. The equipment of production is considered obsolete, the plantations are aging, the technology access is very little, and financing is insufficient. This indicated a threat and inefficiency of Nigerian palm oil industries to cater for the needs of people regardless of the increase in oil demand locally as the palm kernel oil is becoming important food and raw materials. Due to this problem, Nigeria remained to receive palm oil from Malaysia even though the seedlings was originated from Nigeria. Other large importers include from Benin, Ghana, Ivory Coast and Togo. This issue has caused Palm oil production in Nigeria to be more expensive and not competitive if compared to other countries like Malaysia and Indonesia. Hence, the objective of this paper explores the challenges facing palm oil industry in Nigeria using qualitative data through document and thematic analysis. The semi-structured interview was analysed by utilizing Atlas ti 8 software. The findings of the paper shows that there are challenges facing palm oil industry in Nigeria such as lack of good planting materials, poor funding, improper milling and lack of technology. From this, it is confirmed that there are numerous challenges facing palm oil industry in Nigeria which requires aids from the government from allocation of huge amount of its budget to agriculture and establish better policies for the palm oil industry that will attract more public and private investment. Keywords: Oil Palm, Palm Oil, Palm Oil industry in Nigeria, Challenges
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Dissertations / Theses on the topic "Nigerian oil exports"

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Salisu, Mohammed Adaya. "Oil exports and the Nigerian economy : an econometric study." Thesis, Lancaster University, 1990. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.363262.

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Okonkwo, I. C. "Oil export and economic growth in Nigeria." Thesis, University of Reading, 1987. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.378003.

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Waziri, Bukar Zanna. "An empirical investigation of the impact of global energy transition on Nigerian oil and gas exports." Thesis, Abertay University, 2016. https://rke.abertay.ac.uk/en/studentTheses/245dc08e-05c2-423e-b455-737142d4b9fe.

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Net energy exporting countries (NEECs) and net energy importing countries (NEICs) depend on each other for mutual gains. However, NEICs pursue strategic policies to reduce consumption of energy from conventional sources and increase that of renewable energy in order to attain energy security and macro environmental and carbon accountability. On the other hand, NEECs such as Nigeria depend heavily on oil and gas exports to NEICs to generate revenue. As a result of this inter-dependent relationship, this PhD project adopts a dependency theory and strategic issue analysis framework to underpin the study. Accordingly, the study approach is founded on the ideas of pluralism as a social reality and adopted pragmatism as the research approach. Consistent with these approaches, the study was undertaken by analysing both secondary and primary data, including macro-economic statistics of annual time-series dataset (1980-2014) and semi-structured interviews respectively. The quantitative part of the project used Auto Regressive Distributed Lag (ARDL) Bounds testing approach. This method was used to investigate and analyse the effect of renewable energy consumption and carbon emissions reduction on Nigeria’s oil and gas exports. The qualitative part involved interviews with twenty senior government officials in Nigeria from six selected Federal Ministries, Departments and Agencies (MDAs), representatives of civil society groups and academicians, to support the quantitative results and answer certain research questions. The short-run quantitative results and qualitative findings show that renewable energy consumption in developed NEICs affects Nigeria’s oil and gas exports. However, the reverse holds true for emerging NEICs. Both the quantitative results and the qualitative findings show that carbon emissions reduction in developed NEICs affects Nigerian oil and gas exports in the long run. Also, the quantitative results show that renewable energy consumption in developed and emerging NEICs does not affect Nigerian oil and gas exports in the long run. However, the qualitative findings only support the quantitative results for emerging NEICs but do not support those of developed NEICs. Similarly, the qualitative findings indicate that other external and internal factors such as discovery of shale oil and gas; improvement in energy efficient technologies; the use of long-term contract in other NEECs; stringent nature of the Nigerian Content Law and lack of passage of the Petroleum Industry Bill amongst others currently contribute in affecting Nigeria’s oil and gas exports. Moreover, the qualitative findings show that global energy transition has an impact on the Nigeria’s oil and gas revenue, savings made to the Nigerian Sovereign Wealth Fund, budget financing and will continue to affect Nigerian revenue and budget if the economy remains undiversified. Finally, the qualitative findings indicate that global energy transition has negatively affected Foreign Direct Investment flow into Nigerian petroleum industry and discoveries of new oil and gas reserves. These findings have several implications. Firstly, Nigerian oil and gas exports are affected by the carbon emissions control regime, which makes future oil and gas revenues uncertain; thereby putting pressure on budget financing and socio-economic growth and development. On this note, there is the need for Nigeria to take cautionary position in the global climate change debate in order not to adversely affect the country’s economic interest. Secondly, the consumption of energy from renewable sources in both developed and emerging NEICs is an opportunity for Nigeria to export not only its conventional energy but also renewable energy if commercially harnessed. This suggests that Nigerian should also invest heavily in renewable energy production. Thirdly, the major findings of this study provide evidence in support of the relevance of dependency theory and strategic issue analysis framework within the context of energy transition in NEICs on one hand, and Nigerian oil and gas exports to these countries on the other. This implies the need for Nigeria to focus on developing internal market trajectories to increase domestic utilisation of its conventional energy rather than being dependent on external markets for the sale of the nation’s energy resources.
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Ibrahim, Victor Mainasara, and 維克立. "The Causal Relationship between Energy Consumption, Economic Growth, Oil Price, Exports and Imports: Evidence from Nigeria and Ethiopia." Thesis, 2015. http://ndltd.ncl.edu.tw/handle/a2qhgu.

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碩士
中國文化大學
國際企業管理學系
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ABSTRACT The purpose of this study is to explore relationships among energy consumption (EC), real gross domestic product (GDP), Oil Price (WTOILP), export (EXP) and import (IM) for Nigeria and Ethiopia. This study is interesting in the sense that Nigeria and Ethiopia are currently one of the fasted growing economics and largest population in Africa, but still endure energy problems. The data are collected at the yearly interval from the World Bank, IMF, EIA, spanning from 1980 to 2012. Time series techniques especially Granger causality test, Johansen test, Cointegration, and VAR were utilized to test the causal relationships. In Nigeria, there is a bidirectional causality between energy consumption and GDP for both Nigeria. There is a unidirectional causalities running from Oil price to energy consumption, energy consumption to exports, GDP to oil price. In Ethiopia, there is a bidirectional causality between energy consumption and GDP. There is also a unidirectional causal relationship running from import to export, energy to imports. After reviewing the results, the author suggests specific policies. Key words: energy consumption, gross domestic product, oil price, import, export, Granger causality, Johansen, Cointegration, VAR
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Books on the topic "Nigerian oil exports"

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Ulelu, Chidi Adiele. Nigerian non-oil exports: (marketing and financing) : options, policies and facilitations for international trade in Nigeria. Anchor Services Ltd., 2000.

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Okonkwo, Innocent Chuka. Oil export, money supply and inflation: The Nigerian case. University of Reading Department of Economics, 1987.

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C, Edordu C., and Oramah B. O, eds. Potentials for diversifying Nigeria's non-oil exports to non-traditional markets. African Economic Research Consortium, 1997.

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Kwanashie, M. Exchange rate, and trade liberalization, and non-oil exports in Nigeria: An empirical investigation. NISER, 1998.

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Ayodele, A. Sesan. The naira exchange rate adjustment and the promotion of non-oil exports in Nigeria. Nigerian Institute of Social and Economic Research (NISER), 1997.

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Society, Nigerian Economic, and Central Bank of Nigeria, eds. Production in the Nigerian economy: The performance of non-oil exports : proceedings of the 1989 one-day seminar. The Society, 1990.

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Fund, International Monetary, ed. Nigeria's non-oil exports: Determinants of supply and demand, 1970-90. International Monetary Fund, 1994.

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The Coconut Oil Research Group. The 2000 Import and Export Market for Coconut Oil in Nigeria (World Trade Report). 2nd ed. Icon Group International, 2001.

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Group, The Gas Oils Research. The 2000 Import and Export Market for Gas Oils in Nigeria (World Trade Report). 2nd ed. Icon Group International, 2001.

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Oils, The Lubricating Petroleum, Other Heavy Petroleum Oils Research Group, and Lubricating Petroleum Oils and Other Hea. The 2000 Import and Export Market for Lubricating Petroleum Oils and Other Heavy Petroleum Oils in Nigeria (World Trade Report). 2nd ed. Icon Group International, 2001.

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Book chapters on the topic "Nigerian oil exports"

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Oloruntoba, Samuel O. "Economic Partnership Agreements and the Non-Oil Exports in Nigeria." In Regionalism and Integration in Africa. Palgrave Macmillan US, 2016. http://dx.doi.org/10.1007/978-1-137-56867-0_7.

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Evbuomwan, Grace O., Felicia O. Olokoyo, Tolulope Adesina, and Lawrence U. Okoye. "Boosting Non-oil Export Revenue in Nigeria Through Non-traditional Agricultural Export Commodities: How Feasible?" In The Palgrave Handbook of Agricultural and Rural Development in Africa. Springer International Publishing, 2020. http://dx.doi.org/10.1007/978-3-030-41513-6_27.

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"The Anchor Borrowers' Programme of Boosting Agricultural Production." In Agricultural Finance and Opportunities for Investment and Expansion. IGI Global, 2018. http://dx.doi.org/10.4018/978-1-5225-3059-6.ch006.

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On November 17, 2015, the government of Nigeria launched the Anchor Borrowers' Programme. The programme is aimed at boosting agricultural production and non-oil exports in the face of dwindling crude oil prices. Because the Anchor Borrowers' Programme is relatively recent and relevant to the main theme of the book—financing agricultural production expansion—its vision and mission are highlighted in this chapter with a view to informing and influencing the expected beneficiaries. The methodology employed is a systematic and analytic review of relevant literature. It is concluded that the Anchor Borrowers' Programme is a well-articulated initiative for economic linkage between smallholder farmers and reputable large-scale agro-processors with a view to increasing agricultural output and significantly improving capacity utilization of processors. It is recommended that the government resist the temptation of policies and programmes that are aimed at boosting agricultural financing and production rising and falling with the government that initiated them.
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Garavini, Giuliano. "Introduction." In The Rise and Fall of OPEC in the Twentieth Century. Oxford University Press, 2019. http://dx.doi.org/10.1093/oso/9780198832836.003.0009.

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The Introduction deals with the place of sovereign landlords, in particular landlords that ruled over some of the most productive oil regions in the world, in the history of the twentieth century. Petrostates are often disliked because of their “rentier state” status. They have the aura of a “pariah state” compared to the other “productive” members of the international community. Land rent has been progressively marginalized as a topic of mainstream political economy thinking, and has generally negative connotations for Liberal and Marxist intellectuals and economists alike. The general dislike for rent as “undeserved wealth” lies very deep in widely engrained religious and cultural views all over the world. Variations of the biblical admonition that “if anyone is not willing to work, neither should he eat” exist so many different cultures. This book holds no such prejudice against land rent and sovereign landlords. It simply observes that land rent exists because the Earth is finite and because much of the ecosphere has been split up in the twentieth century among sovereign landlords called nation states. Each of these nation states has peculiar geographical and cultural characteristics and has to deal with them. The existence of petrostates such as Venezuela, Saudi Arabia, Nigeria, and Iran, nation states with such an important regional and global role, while at the same time crucially dependent on international land rent (a rent that comes from exports), cannot be easily dismissed as the outcome of a quirk of international political economy that has generated extravagant regimes.
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Conference papers on the topic "Nigerian oil exports"

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Onuoha, K. Mosto, and Chidozie I. Dim. "Prospects and Challenges of Developing Unconventional Petroleum Resources in the Anambra Inland Basin of Nigeria." In SPE/AAPG Africa Energy and Technology Conference. SPE, 2016. http://dx.doi.org/10.2118/afrc-2571791-ms.

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ABSTRACT The boom in the development of unconventional petroleum resources, particularly shale gas in the United States of America during the last decade has had far reaching implications for energy markets across the world and particularly for Nigeria, a country that traditionally has been Africa’s leading crude oil producer and exporter. The Cretaceous Anambra Basin is currently the only inland basin in Nigeria where the existence of commercial quantities of oil and gas has been proven (outside the Tertiary Niger Delta Basin). The possibility of similarly finding commercially viable resources of unconventional petroleum resources in the basin appears quite attractive on the basis of the existence of seepages of shale oil and presence of coal-bed methane in some of the coal seams of the Mamu Formation (Lower Coal Measures) in the basin. This paper presents the results of our preliminary assessment of the shale oil and gas resources of the Anambra Basin. Our main objective is to locate the zones of very high quality plays within the basin, focusing on their depositional environments (whether marine or non-marine), areal extent of the target shale formations, gross shale intervals, total organic content, and thermal maturity. Data on the total organic content (TOC %, by weight) and thermal maturity of shales from different wells in the basin show that many of the shales have high TOCs (i.e greater than 2%) comparable to known shale gas and shale oil plays globally. Shale oil seepages are known to occur around Lokpanta in south-eastern Nigeria, but there is a general predominance of gas-prone facies in our inland basins indicating good prospects for finding unconventional petroleum in this and other Nigerian inland sedimentary basins. The main challenge to the exploration of unconventional resources in Nigeria today has to do with the absence of the enabling laws and regulatory framework governing their exploration and subsequent exploitation. The revised Petroleum Industry Bill (PIB) currently under consideration in the National Assembly is expected to introduce drastic and lasting changes in the way the petroleum industry business is conducted in the country, but all the provisions of the draft law pertain mainly to conventional oil and gas resources.
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Adegun, Adedamola, and Femi Rufai. "The Commercial Potentials of Underground Natural Gas Storage in Nigeria." In SPE Nigeria Annual International Conference and Exhibition. SPE, 2021. http://dx.doi.org/10.2118/207149-ms.

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Abstract Nigeria is the 2nd biggest natural gas producer in Africa, with much of it exported as LNG, some re-injected while a small fraction serves the domestic market. The volume supplied to the domestic market plays an outsized role in the energy mix and economy of Nigeria with over 90% supplied to thermal power plants and industrial clusters. As huge upstream gas projects continue to take Final Investment Decision, pipeline takeaway capacity grows and demand increases, the dependence on natural gas and preponderance in the energy mix will likely persist. Natural gas is the present and future of Nigeria's energy needs. The domestic gas industry is evolving but has been fraught with challenges. Oil and gas infrastructure are often disrupted and production shut-in, mostly triggered by infrastructure unavailablity, environmental concerns and prioritisation of hydro power generation during River Niger's white and black floods, all of which come at a cost to upstream producers. Gas producers are often compelled to curtail production of gas plants (associated and non-associated) to avoid environmental disasters and prohibitive gas flare penalties. Can underground gas storage (UGS) be an opportunity for gas producers to guarantee continued operations during disruptions and provide buffer for national strategic benefits? This paper seeks to explore the potential technical and economic dynamics of underground natural gas storage in Nigeria in the context of extant technical regulations, seasonal demand variations, gas flare penalties and local operating environment. The paper presents types of underground storages and recommends the most suitable, considers options for optimal location of UGS in Nigeria and undertakes an economic evaluation of a UGS project. The findings are further presented alongside the critical technical, regulatory and fiscal factors that may facilitate future investments and growth of underground gas storage in Nigeria.
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Ningi, Sama’ila Idi, and James H. Landi. "An Agenda for Improving Non-Oil Export Performance in Nigeria through Bank Finance." In 3rd Annual International Conference on Accounting and Finance (AF 2013). Global Science and Technology Forum Pte Ltd, 2013. http://dx.doi.org/10.5176/2251-1997_af13.11.

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Adejola, Adenike, Omowumi Iledare, and Paraclete Nnadili. "Data-Driven Insights from Nigeria's Natural Gas Data Using PowerBI." In SPE Nigeria Annual International Conference and Exhibition. SPE, 2021. http://dx.doi.org/10.2118/208238-ms.

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Abstract Each year, the Nigerian gas industry churns out big data on all channels of its value chain. The data is collated, analyzed, and reported by government agencies, corporate companies, institutions, and even academia. Some of these reports are the NNPC and DPR annual oil and gas reports. The annual oil and gas reports contain data tables, charts, and data driven insights. Considering the growing uncertainty in business intelligence triggered by the COVID-19 pandemic and the fast-paced 4th industrial revolution, the future of data reporting, analyzing, and presentation is also experiencing a new normal. Oil and gas stakeholders desire quick data-driven and actionable insights to reduce business risks caused by the impacts of these key drivers. This article explores and presents the use of Power BI on Nigerian gas data from 2000 to 2018. It extracts data on demand, production, utilization, gas flare volumes, export, current infrastructure capacity, domestic gas supply, and other relevant data categories. The collated data is developed into a dataset by appending and merging tables from the different reports. This data is prepared, and model relationships are created to answers questions on demand, production, infrastructure, and sustainability of the Nigerian Gas market. Empirical results show that new insights can be obtained from the dataset using new tools and a thoughtful data design process. These insights are presented on a dashboard where key takeaways for quick business decisions and policy implementations are easily assessed. The method is proposed as the future of annual energy reporting. It is also a continuous improvement process that can be applied by all oil and gas stakeholders in their data architecture.
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Ogbunude, Basil, Aniekan Obot, Abdul-Wahab Sa'ad, et al. "Integrated Approach to Produced Water Disposal Management in a Brown Field: Safeguarding Production, Reducing Cost, Managing Deferment & Reducing HSSE Exposure." In SPE Nigeria Annual International Conference and Exhibition. SPE, 2021. http://dx.doi.org/10.2118/208235-ms.

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Abstract Often, the production of oil and gas from underground reservoirs is accompanied by produced water which generally increases with time for a matured field, attributable to natural water encroachment, bottom water ingress, coning effect due to higher production rates, channeling effects, etc. This trend poses a production challenge with respect to increased OPEX cost and environmental considerations of treatment/handling and disposal of the produced water considering the late life performance characterized by low reward margins. Hence, produced water management solutions that reduce OPEX cost is key to extending the field life whilst ensuring a positive cash flow for the asset. SK field is located in the Swamp Area of the Niger Delta, with a capacity of 1.1Bcf gas plant supplying gas to a nearby LNG plant. Oil and gas production from the field is evacuated via the liquid and gas trunk lines respectively. Due to the incessant tampering with oil delivery lines and environmental impact of spillage, the condensate is spiked through the gas trunk line to the LNG plant. Largely, the water/effluent contained in the tank is evacuated through the liquid line. Based on the availability of the liquid line (ca. 40%-60%), the produced water is a constraint to gas production with estimated tank endurance time (ca. 8 days at 500MMscfd). This leads to creaming of gas production and indeed gas deferments due to produced water management, making it difficult to meet the contractual supply obligation to the LNG plant. An interim solution adopted was to barge the produced water to the oil and gas export terminal, with an associated OPEX cost of ca. US$2Mln/month. Upon further review of an alternate barging option, this option was considered too expensive, inefficient and unsustainable with inherent HSSE exposure. Therefore, a produced water re-injection project was scoped and executed as a viable alternative to produced water management. This option was supported by the Regulators as a preferred option for produced water management for the industry.
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6

Toluse, Williams, Victor Okolo, and Amarquaye Martey. "Production Optimization in a Marginal Field through Established Reservoir Management Techniques – A Case Study." In SPE/AAPG Africa Energy and Technology Conference. SPE, 2016. http://dx.doi.org/10.2118/afrc-2568647-ms.

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ABSTRACT The Federal Government of Nigeria in a bid to promote indigenous companies participation in the oil and gas sector, and to grow the nation’s production capacity passed legislation in 1999 to foster the exploitation of Marginal Oil Fields (MOFs). MOF is one that is considered non – commercial as a result of strategic business development philosophy of the operator, often times large oil companies. Reservoir management is central to the effective exploitation of any hydrocarbon asset; this dependence is heightened for an undeveloped marginal field. There is no ‘one-size fits all’ approach to reservoir management; this paper reviews some techniques adopted by Midwestern Oil and Gas Ltd in the development of the Umusadege marginal field. These techniques fall under three categories: (I) subsurface study (II) well placement and spacing, (III) integrated surface production and optimization, in accordance with regulatory practices. The previously acquired 3-D seismic data was reprocessed and interpretation of reservoir heterogeneities within the Umusadege field concessionary boundary carried out form the basis of the initial field development plan. To optimize reservoir drainage, the general principles of non-interference well spacing were employed, and advanced well placement technology was deployed to guarantee optimum well placement within the reservoir for effective and efficient drainage. Subsequently, 14 vertical wells and 4 horizontal wells were drilled to effectively optimize recovery from the field. Prior to bringing these wells on-stream, clean-up and Maximum Efficiency Rate (MER) tests were conducted to determine the optimum choke settings, GOR and water cut limits for all wells. An integrated approach encompassing choke sizing, gas and water production management, vessel and line sizing were implemented on the Umusadege field to maintain and optimize recovery. Crude custody transfer measurements and export were enabled by an optimized Group Gathering Facility (GGF).The above techniques combining new technologies, traditional reservoir and production strategies led to the successful development of the Umusadege field; increasing daily oil production from 2,000 bbls/d from the first well re-entry to approximately 30,000 bbls/day over a 7-year period. This case study proves that with the correct implementation of the key elements of reservoir management the value of any hydrocarbon asset can be maximized in a cost effective, safe and environmentally friendly manner.
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Reports on the topic "Nigerian oil exports"

1

Remi Aiyede, Emmanuel. Agricultural Commercialisation and the Political Economy of Cocoa and Rice Value Chains in Nigeria. Institute of Development Studies (IDS), 2021. http://dx.doi.org/10.19088/apra.2021.005.

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Nigeria has sought to diversify its economy away from dependence on oil as a major source of government revenue through agricultural commercialisation. Agriculture has been a priority sector because it has very high growth potential and the greatest potential for employment and export revenue. The cocoa and rice value chains are central to the government’s engagement with agriculture to achieve these objectives. This paper sets out to investigate the underlying political economy dynamics of the commercialisation of the cocoa and rice value chains in Nigeria in terms of smallholder farm households’ shift from semi-subsistence agriculture to production primarily for market, and predominantly commercial medium- and large-scale farm enterprises complementing or replacing smallholder farm households.
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