The Impact Of Oil Sector On The Nigerian Economy

CHAPTER ONE 1.0Introduction Nigeria is a major of crude oil and importance or of this commodity has been highly manifested in the nation’s economy. Starting from the early 70’s, the petroleum industry has become the dominant industry in the economy following quickly after the agriculture the dominant industry before the discovery of crude oil. It has dictated the pace of economic, political, social and cultural progress in the country. 1.1  Background of the Study Crude oil, a commodity otherwise referred to as “black gold” is of strategic importance in the world, particularly since the second…