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NEGATIVE CONTRIBUTIONS OF PETROLEUM TO THE NIGERIAN ECONOMY — Economics Keypoint

NEGATIVE CONTRIBUTIONS OF PETROLEUM TO THE NIGERIAN ECONOMY

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  1. Causes pollution and all spillage that has a dangerous effect on our lands, water and air.
  2. Has led to negligence & agricultural development that was the main stay of our economy before the advent of oil.
  3. Causes over-crowdedness and congestion of people in the oil producing areas E.g. Port-Harcourt. 
  4. Causes revenue allocation problems.
  5. Has led to over-reliance on petroleum product thereby causing production negligence of other export goods.
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  1. POSITIVE CONTRIBUTIONS OF PETROLEUM TO THE NIGERIAN ECONOMY
  2. PETROLEUM AND NIGER ECONOMY
  3. ROLE OF NNPC TO NIGERIAN ECONOMY
  4. FEATURES OF AN UNDERDEVELOPED ECONOMY
  5. ORGANIZATION OF PETROLEUM EXPORTING COUNTRIES (OPEC)
  6. ACHIEVEMENTS OF NIGERIA AS A MEMBER OF OPEC
  7. BASIC ECONOMIC PROBLEMS

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