KAWA MULTIMEDIA PUBLICATIONS
How petroleum mining has led to the development in Nigeria.
Provision of employment opportunities to Nigerians. People work as managers, supervisors, etc. This has increased on their incomes. Thousands of people who would be unemployed have secured jobs.
Provision of high foreign exchange. In 1975 oil contributed to about 90.3% of Nigeria’s foreign earnings.
The oil industry has reduced on the country’s huge expenditure on oil imports.
There has been growth of industries so that today Nigeria is far a head of other African countries in terms of developments. It is only the poor political leadership which has made it move at a slow pace.
Oil has contributed much to the economy by making direct payments in form of loyalties, taxes, rents, and labour dues.
There is provision of essential market to the agricultural products. These are highly bought by the workers.
There is development of the infrastructure in terms of good roads, the railway system, schools, hospital, hotels, recreation grounds.
Promotion of international relations.
The income of oil exports has enabled Nigeria to mine other minerals like limestone, coal, tin, diamonds, iron ore and bauxite.
Energy for both domestic and industrial purposes is locally available.
Provision of high foreign exchange. In 1975 oil contributed to about 90.3% of Nigeria’s foreign earnings.
The oil industry has reduced on the country’s huge expenditure on oil imports.
There has been growth of industries so that today Nigeria is far a head of other African countries in terms of developments. It is only the poor political leadership which has made it move at a slow pace.
Oil has contributed much to the economy by making direct payments in form of loyalties, taxes, rents, and labour dues.
There is provision of essential market to the agricultural products. These are highly bought by the workers.
There is development of the infrastructure in terms of good roads, the railway system, schools, hospital, hotels, recreation grounds.
Promotion of international relations.
The income of oil exports has enabled Nigeria to mine other minerals like limestone, coal, tin, diamonds, iron ore and bauxite.
Energy for both domestic and industrial purposes is locally available.