THE POLITICS OF OIL RESOURCES ALLOCATIONS IN NIGERIA (1999-2017)

Zekeri Momoh, Patrick Stephen Rwang

Abstract


Nigeria has been a major world oil exporter since 1965. Its oil revenues per capita have increased tenfold over 30 years, but its income per capita has stagnated since independence in 1960, making Nigeria one of the 15 poorest countries in the world. The aim of this study is to a) examine the dimensions of politics of oil resources in Nigeria; b) to assess the implications of the politics of oil resources allocations on Nigeria’s development. This study is situated within the mixed method of research, drawing from both qualitative and quantitative design supplemented by historical and descriptive analysis. The data for this study were drawn largely from secondary sources including books, journals, and other internet sources. The data were analyzed using qualitative content analysis together with quantitative tools such as graphs analysis. On the whole, we discovered that the struggle for resources control has been largely attributed to the regional division of the country which has led to political manipulations and delineations of certain section of the country with the aim of influencing wealth allocation. The implication of this is that it has resulted to underdevelopment.

Keywords


Politics, Revenue Allocation, Oil, Nigeria

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