Write For Us A positive attitude causes a chain reaction of positive thoughts, events and outcomes. It is a catalyst and it sparks extraordinary results. Hope When others do nothing but to criticize and complain, you focus on the good in people, you look beyond the surface and the labels. You focus on what can be done not on what was and on what is, you create a new reality for yourself and those around you.
Nigeria, like other developing countries of the world is paying more attention on how to accelerate the rate of her development through the various sectors of the economy. Petroleum or crude oil is an oily, bituminous liquid, consisting of a mixture of many substances mainly the elements of carbon and hydrogen, and thus known as hydrocarbon.
It also contains a very small amount of non-hydrocarbon elements, chief amongst which are sulphur, nitrogen and oxygen. The petroleum industry covers the exploration and production of crude oil as well as petroleum refining, marketing and servicing.
Specific policy objective with respect to petroleum and mining can be summed up as follows: Active government participation in mining operations, diversifications of mineral products, the organization and regulation of the development of mineral reserves so as to optimize their contributions to the overall national development effort; the conservation of the countries mineral resources, research into efficient extraction methods and wider application and use of mineral manpower development and accelerated transfer of technology, achievement of internal self sufficiency in the supply and effective distribution of petrol-industry products, commercialization of gas, and the control of the environmental problems of oil production.
Petroleum either as petroldiesel, fuel oillubricant or petrochemical makes Nigeria economic wheel go round. Petroleum has transformed poor nations into rich ones, deserts into watersheds and bankrupts nations into creditors. Specifically, with regards to Nigeria, there is no gain saying that oil sector has undergone tremendous transformation over the years.
No other resource in Nigeria has played such a towering role over the national economy as crude oil.
The government of Nigeria has used the revenue derived from oil through tax and royalties to carry out development projects in the country. This study, therefore, aims to illustrate clearly the impact of the oil industry on economic growth performance in Nigeria.
Since its discovery, petroleum has impacted so much on Nigeria economy, these impacts are both positive and negative. Some scholars have advocated for the shifting of emphasis from oil industry to other sectors owing to their belief in the negative fallouts of the oil industry.
Some others opined that the sector should be promoted and developed for its benefits. These opposing views have created the problem of acceptance or otherwise of the oil industry in Nigeria.
All these and many more questions pose contradiction, hence; the need to investigate on this all-important topic. You have to show enough cause why you have decided to go into this research work. In view of the controversy with respect to the relative contribution of the oil sector of the Nigeria sector as compared with the other sectors, it is imperative to establish empirically the relative impact of the oil industry in the Nigeria economy.
By the end of the research the study aims at achieving the following objectives: Based on the objectives of the study, the researcher has formulated the following hypothesis to guide this study: SCOPE This research work is an investigation into the impact of the oil industry on economic growth performance in Nigeria for the period ofspecifically, a period of thirty-one years.
In carrying out this research work, the researcher encountered some difficulties. The first of such constraints or difficulties concerns data. There was the problem of data inconsistency as data collected from different sources on one variable showed some discrepancy.
Also was the reluctance of some librarians to make data available. Apart from the above-mentioned constraints, which are capable of adversely affecting the accuracy of the results of this research work, all other errors and omissions are entirely those of the researcher.
He opined that oils in Nigeria, generally occurs at depths below 1, meters. According to him, it is the raw material around which a chain of commercial activities known as the petroleum industry revolves. Obadan further stressed that petroleum is the raw materials for a wide range of chemicals for the production of pharmaceuticals, fertilizers, fibers, for the manufacture of textiles and numerous other products essential for human existence.O.
ur life is a reflection of our attitude.. Without even noticing it, it can be easy to become negative and cynical towards the world as we are continuously exposed to tragedy and injustice in the media and as we experience our own heartache and distress.
Psychologists have said it takes 21 days to make or break a habit. On the 22nd day, you’ve found the way. On December 3rd, one day before my 44th birthday I will embark on a 22 Days challenge to go completely vegan, or as I prefer to call it, plant-based!!
The Impact on the Victims. Liberation A wave of revulsion spread across Britain and the United States as news of the death camps became known. Before the coming of Islam the world was in a state of oppression and injustice. Pre-Islamic Arabia was a dreadful place to live in as the Arabs were a people without any set moral values.
I appreciate your thoughtful words last night. Learning about how you feel, your values and thought are very important to me.
I regard you as an intelligent individual who has devoted time to understanding yourself, others and how you may pursue a successful relationship. The human impact on natural ecosystems has reached dangerous levels, even significantly altering the Earth's basic chemical cycles, says a new report, World Resources People and Ecosystems, The Fraying Web of Life.
The report paints a dismal picture of over-fished oceans, over-pumping of water for farming, destruction of coral reefs and forests, even too much tourism, with human.