The main problems arise from oil leakages, gas flaring, and the escape of other chemicals during the process of oil production. Although, the Nigerian
Nigeria
Nigeria, officially the Federal Republic of Nigeria, is a country in West Africa, bordering Niger in the north, Chad in the northeast, Cameroon in the east, and Benin in the west. Its coast in the south is located on the Gulf of Guinea in the Atlantic Ocean. The federation comprises 36 states and …
Ogoni people
The Ogoni people are people in the region of southeast Nigeria. They now number about over two million people and live in a 404-square-mile homeland which they also refer to as Ogoni, or Ogoniland. They share common oil-related environmental problems with the Ijaw people of …
What are the challenges of the Petroleum Industry Act?
The PIA also comes with a challenge of equity between indigenous oil producers and multinational corporations. International producers such as Shell have largely disengaged from onshore oil exploration and production activities, concentrating instead on deep offshore. As stated earlier, deep offshore is exempt from taxation.
What is the relationship between oil and gas host communities in Nigeria?
The relationship between oil and gas host communities in Nigeria has historically been very poor.
Why is corruption a big issue in Nigeria?
Corruption has been a big issue in Nigeria for quite some time. Political leaders have a history of engaging in corrupt practices. Diseases like HIV/AIDS have also been a major problem that has cost the government billions of dollars to address. Currently, 3% of the population is between the ages of 15 and 64. 1.
What are the main problems with petroleum?
Along with fuels like gasoline and liquified natural gas, petroleum enables many consumer chemicals and products, such as fertilizers and plastics....Contents2.1 Air pollution. 2.1.1 Exhaust emissions. 2.1.2 Vapor intrusion.2.2 Acid rain.2.3 Oil spills.2.4 Waste oil.2.5 Produced water and drilling waste discharges.
What are the negative effect of petroleum to Nigeria economy?
NEGATIVE CONTRIBUTIONS OF PETROLEUM TO THE NIGERIAN ECONOMY Causes over-crowdedness and congestion of people in the oil producing areas E.g. Port-Harcourt. Causes revenue allocation problems. Has led to over-reliance on petroleum product thereby causing production negligence of other export goods.
What are the problems of the oil industry?
Impact on climate change. Consolidated power of oil companies. Oil spills and leaks. Overuse and over-reliance on fossil fuels.
How has oil affected society in Nigeria?
Due to the many forms of oil-generated environmental pollution evident throughout the region, farming and fishing have become impossible or extremely difficult in oil-affected areas, and even drinking water has become scarce. Malnourishment and disease appear common.
How does petroleum contribute to Nigeria economy?
Abstract. Oil and gas are critical to Nigeria's economic and social performance. Oil alone accounts for 40 percent of the country's GDP, 70 percent of budget revenues, and 95 percent of foreign exchange earnings. Nigeria's dependence on petroleum is much greater than that of many other major producing countries.
What are the positive effects of petroleum in Nigeria?
POSITIVE CONTRIBUTIONS OF PETROLEUM TO THE NIGERIAN ECONOMY It serves as a major foreign exchange earner. It also generates revenue to the country through payments of royalties, license fees, rents, and petroleum profit tax by various oil companies. It also creates a high employment opportunities.
What are the five major risks faced by oil and gas companies?
Political Risk.Geological Risk.Price Risk.Supply and Demand Risks.Cost Risks.
Why is Nigeria so poor despite of oil resources?
Furro stated that “there is little evidence to suggest the oil windfall is reflected in improving the social and economic well-being of the people of Nigeria.” Thus, corruption is the primary factor behind the high poverty rates in Nigeria despite the country having the second-largest oil reservoir in Africa.
What is the social impact of petroleum?
People and Pollution: The Social Impacts Oil Spills Have at a Community Level. Originally published on March 19, 2019. Oil spills can damage the environment and the wildlife and marine life that depend on it. They can also cause physical, mental, and financial stress to people as individuals.
What are the problems of Nigerian economy?
Nigeria's economic potential is constrained by many structural issues, including inadequate infrastructure, tariff and non-tariff barriers to trade, obstacles to investment, lack of confidence in currency valuation, and limited foreign exchange capacity.
What are the advantages and disadvantages of petroleum?
Comparison Table for Advantages and Disadvantages of PetroleumAdvantagesDisadvantagesEast to transportEnvironment unfriendlyMultipurposeRelease hazardous toxinsStable energy sourceContribute to acid rainCost-efficientTransportation spills4 more rows•May 8, 2022
What are the disadvantages of crude oil?
What are the disadvantages of using crude oil?Oil is a non-renewable source of energy. ... Burning oil produces carbon dioxide gas. ... Burning oil can pollute the air.Much of our oil has to be imported and it is becoming more and more expensive as reserves reduce and imports increase.More items...
What are the positive effects of petroleum?
Advantages of Petroleum include easy extraction, power generation, industrial growth, infrastructural development, and many more. It aids mechanized farming. Petroleum drives mechanized farming both in terms of chemical and mechanical inputs.
Is petroleum a curse or blessing to Nigeria?
In the case of Nigeria it has been a blessing since it has assisted in increased export and revenue generation which has been used for developmental purposes while on the other hand it has been a curse since the discovery of oil which has led to the neglect of other sectors of the Nigerian economy that would have ...
abstract
This research project is a very crucial study for the Nigeria government owned companies.
chapter one of Analysis Of The Problems Of Petroleum Products Distribution In Nigeria
INTRODUCTION 1.1 BACKGROUND OF THE STUDY Production is not complete until the goods get to consumers for whom they are meant. A typical firm will discover that the consumers of its product are scattered abroad.
Some Problems Facing Nigeria
1. Economic crisis: Nigeria’s economic situation has deteriorated significantly. The country’s purchasing and selling situation are dire and depressing. The country’s annual profits have decreased, significantly impacting the country’s population. Inflation is a significant issue in the country.
Solutions to the Problems in Nigeria
a. Nigerians must come to embrace the truth that, despite the fact that the country was founded by the British, we are all one people.
When did Nigeria experience a petroleum shortage?
However, between 1974 to 1976, Nigeria began to experience shortage for the first time. A research was made and it was discovered that the problems was that of both supply and distribution. It was also identified that tremendous growth had taken place in demand of all petroleum products.
When was petroleum introduced to Nigeria?
Petroleum product was first introduce into the Nigeria in 1907 by Mobil. In 1957 crude oil from which petroleum products are refined was found in commercial quantities of Nigeria. Between 1908 and 1973, most of the white product i.e. Gasoline or petrol, Aviation Turbine kerosene ( ATK), Household kerosene ...
Who took over the supply and distribution of petroleum products?
The Nigeria National Petroleum Corporation (NNPC) the successor to NNOC took over the supply and distribution of all petroleum products. By 1980 Kaduna Refinery was commissioned and the Northern products pipelines and depots began to operate. The function of supply and distribution of petroleum products in bulk was performed by various department ...
