Skip to main content

ASSESSING THE IMPACT OF OIL ON THE AGRICULTURAL PRODUCTIVITY IN NIGERIA.






ATTENTION:
BEFORE YOU READ THE PROJECT WORK, PLEASE READ THE INFORMATION BELOW. THANK YOU!

TO GET THE FULL PROJECT FOR THE TOPIC BELOW PLEASE CALL:
08068231953, 08168759420

TO GET MORE PROJECT TOPICS IN YOUR DEPARTMENT, PLEASE VISIT:

 


ASSESSING THE IMPACT OF OIL ON THE AGRICULTURAL PRODUCTIVITY IN NIGERIA.


TABLE OF CONTENTS
Cover Page                                                                               i
Certification                                                                             ii
Dedication                                                                               iii
Acknowledgement                                                                    iv
Preface                                                                                     v
Abstract                                                                                   vii
Table of Contents                                                                     viii
CHAPTER ONE: INTRODUCTION
1.0   Introduction                                                                     1
1.1   Background of the study: a historical overview                        2
1.2   Statement of the research problem                                  6
1.3   Objective of the study                                                      21
1.4   Significance of the study                                                  21
1.5   Research hypothesis                                                                22
1.6   Research method                                                             23
1.6.1 Library research                                                              23
1.6.2 Secondary data                                                               24
1.6.3 Data analysis                                                                  25
1.6.4        Data presentation                                                            25
1.7   Scope and limitation of the study                                    26
1.8   Definition of terms                                                           26’
1.8.1 Agriculture                                                                      27
1.8.2 Crude oil                                                                         27
1.8.3  Petroleum                                                                      27
1.8.4 Petroleum explorations and exploitation                        28
1.8.5 Pollution                                                                         28
1.8.6 Oil spillage                                                                      28
1.8.7 Policy                                                                              28
1.8.8 Gross domestic product (GDP)                                                28
1.8.9 Productivity                                                                    29
1.10 Organization of the research/project                                       31
CHAPTER TWO: LITERATURE REVIEW
2.0   Introduction                                                                     33
2.1   Literature review                                                              33
CHAPTER THREE: METHOD OF THE STUDY
3.0   Introduction                                                                     47
3.1   Source of data and data collection                                   47
3.2   Data analysis techniques                                                         47
3.3   Model specification                                                          52
CHAPTER FOUR: EMPIRICAL INVESTIGATION AN ECONOMIC APPROACH
4.0   Introduction                                                                     53
4.1   Presentation and data analysis                                                54
4.1.1 Hypothesis one                                                               55
4.1.2 Hypothesis two                                                                       60
4.1.3 Hypothesis three                                                             64
CHAPTER FIVE: SUMMARY, FINDINGS AND FINAL CONCLUSION
5.0   Introduction                                                                     70
5.1   Summary                                                                         70
5.2   Findings in the study                                                       72
5.3   Policy recommendations                                                  73
5.4   Conclusion                                                                      76
Bibliography
Appendixes


ABSTRACT
During the late 1950s and 1960s, agriculture stood to be the Nigeria’s foreign exchange earner but the reverse this trend was the case as the production of oil was intensified between the periods of 1970 till date. There is no doubt that oil production has contribution to the eventual decline in agricultural production in Nigeria. The history and development of oil prospecting in Nigeria has been discussed which dates back to 1908 when a German company, the Nigeria Bitumen corporation started exploration in Araromi of present Ondo State of Nigeria. Also the history of agriculture was discussed and it touched the period when Nigeria primarily was engaged in subsistence agriculture. The change over from agriculture to oil as the main foreign exchange was also discussed and this happened in the late 1960s to 1970. The review of various literatures concerning the impact of oil on agricultural productivity by different scholars was done to broaden our knowledge and also sharpen our focus on the study. The method of study gives us details on the source of data and data collection, and data analysis technique. The source of data and data collection deals with the type of data used and where they are collected. The data analysis gives us an insight on the simple regression model which is used to measure the type of relationship that exist between  crude oil production and agricultural productivity, the relationship that exist between crude oil production and Nigeria’s gross domestic product (GDP) and finally, the relationship between crude oil production and unemployment of lower level workers. In the area of empirical investigation, the econometric approach is used to ascertain the true relationship that exist among oil production and some real economic variables among which include agricultural productivity, economic development and employment of lower level workers has been established through data analysis. Finally the summary of the entire work is done from chapter one to five. And some of the findings in this work include; that oil production has negatively affected agricultural productivity in Nigeria, overdependence on the oil sector as a major source of revenue, the inability to implement programmes and policies designed to stimulate agricultural productivity and help in economic development in Nigeria and others. The conclusion such as insight on the problems associated with the oil industry such as misallocation of scarce economic resource, maladministration of human resource and so on.


CHAPTER ONE
INTRODUCTION
1.0   INTRODUCTION
The discovery of oil in Nigeria has been a mixed blessing to the Nigeria economy. The export earnings from crude oil has had a great impact in the development of various facets of our national life, especially in the urban areas. Our transportation network which include both the roads, rails, air and eh maritime sector undergo a revolution between 1971 and 1980. Presently, housing projects, electricity projects, healthcare projects, institution of higher learning and other socio-economic activities in all states of the federation have also benefited from the blessings of the black gold (crude oil). Despite these blessings, the exploration and exploitation of oil have created some environmental hazards and also the neglect of the agricultural sector in Nigeria. Land pollution from spillages, blow outs and normal oil field operations has contributed its own quota in rendering agricultural lands uncultivable. Crude oil spills have continued to rise with increase in production. Vegetation life, timber, cash crops and mangrove trees have been destroyed and erosion has been the result in many polluted areas. This research work therefore, attempts to assess the impact of oil on the agricultural production in Nigeria. The research will also look at the contribution of oil towards the development of the Nigeria economy.
1.1   BACKGROUND OF THE STUDY: A HISTORICAL OVERVIEW
Oil prospecting started in Nigeria as far back as 1908 when a German company, the Nigeria Bitumen corporation began exploration in the Araromi area of the present Ondo State. Their pioneering effort however ended with the outbreak of the First World War in 1914. Then in 1937, oil prospecting resumed in Nigeria. Shell D’ Arcy (the present shell petroleum development company of Nigeria) was awarded the sole concessionary rights covering the whole territory of Nigeria. Their activities were interpreted by the Second World War from 1939 to 1945 but resumed in 1947.

However, in 1956, oil was discovered in commercial quantity at Oloibiri in the Niger Delta area of the present Bayelsa State after several years of searing and an investment of over N30 million was made in the oil sector. Shells started oil production and export from its Olobiri field in 1958 at the rate of 5, 100 barrels of crude oil per day. By 1961, other oil firms such as Mobil, Gulf, Agip, Safrap (now Elf), Tomeco and Amosceas (Now Texaco Chevron) had begun exploration activities for oil in the non-shore and off shore area of Nigeria. The exploration right which had formerly been granted to shell alone was broken and extended to the new comers in line with the government policy of increasing the pace of exploration in the country. With this pace, Nigeria attained the status of a major oil producer ranking seventh in the world by 1972 .
At present, the production of oil in Nigeria has recorded a great increased as at 1994 the production of oil was about 1909013.7 barrels of crude oil per day (NNPC). During the 1997 federal government annual budget, the production of crude oil was stated as being 2.4million barrels per day giving the sum of N243 billion as revenue from oil in the 1997 budget.
In spite of the tremendous increase in the crude oil production and the revenue that is accrued to it, a vast majority of Nigerians are still engaged in subsistence agriculture. Conservative estimates of about 75% of the country’s population are peasant farmers who carry out their activities with simple or primitive farm implements. They largely produce primary goods (i.e. raw materials) which include palm oil and kernels, groundnuts, cotton and cotton seeds, cocoa, soya-beans, bean seed, rubber and timber. During the colonial period, these products were largely exported for use in the manufacturing industries located in the metropolitan country, Britain. Thus, the British colonial government and their companies which operated in the country emphasized a commercial relationship with the Nigerian people that were supportive of continued local production of raw materials. Thus, throughout the period of colonial rule, primary products were virtually the sole source of Nigeria’s foreign exchange earnings.
At Nigeria’s political independence in 1960 and stretching up to 1968, non-oil exports accounted for over 90% of its foreign exchange earnings. This figure declined to about 59% in 1969. Since the 1970s particularly after the Middle-East oil embargo in 1973, the oil industry has dominated the economy.
This is to extent that there is a sharp decline in the contribution of the Agricultural sector to the nation’s gross domestic production (GDP). Stated differently, beginning from the year 1970, the value of agricultural commodities as percentage of total value of export has drastically declined (see table 2). Specifically, it declined to 8.3% (1971-1975), to 3.0% (1981-1985), and witnessed a slight increase but still significantly low 4.6% (1986-1989). The decrease in agricultural production made the federal government to increase the importation of food supply so as to augment the domestic food supply. The food import bill rose from N113.88 million annually in 1970-1974 to N1964.8 billion in 1991 (Ukpon). The boom in crude petroleum export reduced the share of agriculture in total export to 2.0% during that period (1970-1974) Nigeria which was previously the world’s leading producer and export of palm oil now became a net importer of vegetable oil by 1976. During the 1997 budget broadcast, agriculture accounted for about 28% of the Nigeria Gross domestic product (GDP).
1.2   STATEMENT OF THE RESEARCH PROBLEM
Oil spillage in Nigeria occurs as a result of sabotage, corrosion of pipes and storage tanks, carelessness during oil production operations and oil tankers accidents. In Nigeria, fifty percent (50%) of oil spills is due to corrosion, twenty percent (20%) to sabotage and twenty one (21%) to oil production. One percent (1%) of oil spills is due to engineering drills inability to effectively control oil wells, failure of machines inadequate care in loading and unloading oil vessels.
Most of the oil pipes and tanks in the country are very old and lack regular inspection and maintenance. Thousands of barrels of oil have poured into the environment through some of the corroded pipes and tanks. A major occurrence was that at Idoho, an offshore platform in south eastern Nigerian, where about 40,000 barrels of oil spilled into the environment. Sabotage is another major cause of oil silled in the country. Some of the inhabitants of the oil rich Niger Delta engage in oil bunkering and from time to time damage and destroy oil pipe line in their effort to collect oil from them.
Oil incident have occurred in various parts and different times along our coast. Between 1979 and 1998 a total of 5724 incidents resulted in the spill of approximately 2,571, 115, 90 barrels of oil into the environment. Some major spills in the coastal zone are the GOCONS ESCRAVOS spill in 1978 of about 300, 000 barrels, SHELL PETROLEUM DEVELOPMENT CORPORATION’S (SPDC’s) for cados terminal tank failure in 1978 of about 580, 000 barrels Texaco Funiwa 5 blowout 1980 of about 400,000 barrels and the Abudu pipeline spill in 1982 of about 18,818 barrels (Niger Delta environmental survey (NDES), (1997). Other major oil spill incidents are the jess fire incident which claimed about a thousand lives and Idoho oil spill in January 1998, in which about 40,000 barrels were spilled into the environment (Nwilo et al, 20000).
The most published of all oil spills in Nigeria occurred on January 17, 1980 when a total of 370 million litres of crude oil get spilled into the environment. This spill occurred as a result of a blow out at Funiwa 5 off shore station. The harvest recorded yearly spill so far occurred in 1979 and 1980 with a net volume of 694, 117.13 barrels and 600, 511.02 respectively.
The table below shows data on oil spill incidents in the country between 1976 and 1998.
Table 1:
S/N
Year
No. of spill incidents
Quantity spilled (barrels)
1
1976
128
26.157.00
2
1977
104
32.879.25
3
1978
154
489,294.75
4
1979
157
694,117.13
5
1980
241
600.511.02
6
1981
238
42,722.50
7
1982
238
42,722.50
8
1983
173
48,351.30
9
1984
151
40,351.30
10
1985
187
11,876.60
11
1986
155
11,876.60
12
1987
129
31,866.00
13
1988
209
9,172.00
14
1989
195
7,628.161
15
1990
160
14,940.816
16
1991
201
106,827.98
17
1992
367
51,131.91
18
1993
428
9,752.22
19
1994
515
30,282.67
20
1995
417
63,677.17
21
1996
430
46,353.12
22
1997
339
59,272.30
23
1998
390
98,345.00
Source: The department of petroleum resources


Major oil spills heavily contaminate marine shorelines, causing severe localized ecological damage to the near shore community. The harmful efforts of oil spill on the environment are many. Oil destroys plant and animals in the estuarine zone. It settles on beaches and kills organisms and marine animals like fishes, crab and other crustaceans. Oil endangers fish hatcheries in the coastal waters and as well contaminates the flesh of commercially valuable fish. Oil poisons algae, disrupt major food chains and decrease the yield of edible crustaceans. It also coast birds, impairing their flight or reducing the insulative property of their feathers, thus making the birds more vulnerable to cold.
Oil on water surface also interferes with gaseous interchange at the sea surface and dissolved oxygen level will thereby be lowered. This will in no doubt reduce the span of marine animals. Microorganisms also degrade petroleum hydrocarbon after spillage (Atlas, 1981; Leavy and Colwell, 1990; Atlas and Bartha 1992).


Crude oil spill in Nigeria have destroyed large areas of the mangrove ecosystem. Oil spill also destroyed farmlands, pollute ground and drinkable water and caused drawbacks in fishing and other agricultural activities. There has been conditions regional crisis in the Niger Delta area as a result of oil spill pollution of the coastal ecosystem. The oil producing states are now calling for control of oil resources in their respective states.
The Idoho oil spill of 1998 pollutes coastal water from Akwa Ibom State in the east to Lagos state in the west. Mobil producing unlimited commissioned a verification exercise to determine the extent and impact of this oil spill. During the verification exercise, it was observed that the spill destroyed fishing nets, boats, fishing ponds and other agricultural crops. Ogoni and Oil.
The Ogoni’s, whose population of 500,000 once made a living from farming and fishing. For over 30 years, shell and chevron financed drilling on Ogoniland. This has increasingly pushed the population into the forest and mangrove swamps. Those who remained the townships and villages are subjected to displacement and expropriation of their properties. The Ogoni’s have received virtually none of the $30 billion from oil pumped out of their lands, and they have been actively demonstrating against such injustices.
The movement for the survival of Ogoni people (MOSOP) and other ogoni activist have on several occasions called on the Nigerian federal government to regulate the oil exploration, drilling and processing activities of shell and other oil companies in the oil producing region of Nigeria. Ken Saro-Wiwa, along with eight other MOSOP members, were arrested and charged with the murder of four traditional chiefs belonging to a pro-government group in the region. The murder occurred during a bloody clash in May 1994 between Ogoni activist and federal government soldiers. On October 31, 1995, a federal military tribunal sentenced them to death. On November 10, 1995 the Nigeria federal government hanged Ken Saro-Wiwa and eight others, in Port Harcourt (TED case studies, 1997).
Available data showed that at impendence in 1960, the contribution of agriculture to Nigeria gross, domestic product (GDP) was about 60% which is typical for a developing agrarian economy. This share, however, declined over time to 25.1% between 1975 and 1979.
However, in the early 1980s, it became more apparent that agricultural sector could no longer perform is traditional role of meeting domestic food requirements, supplying raw materials for industry and earning enough foreign exchange through exports owing to various economic, social and environmental problems. In this view, the federal and state governments have since 1970s directly involved in various programmes and policies towards enhancing the performance and overall contribution of agriculture to the country’s economy. Some of these programmes and policies include:
OPERATION FEED THE NATION (OFN)
This programme was initiated in 1976 by the Obsanjo regime and it lasted till 1976. The primary objective of this programme as to increase the domestic production and supply of food items and also sought to restore the responsibility of farmers to the peasant communities in order to make the rural youths abstain from migrating into urban areas in search of white-colla jobs. Other objectives of the operation feed the nation (OFN) includes;


i.      National mobilization for self-reliance and self-sufficiency in food production.
ii.     Encouraging the citizenry to improve on their nutritional intakes in order to produce a healthy nation.
iii.    Encouraging those sectors of the population such as schools, colleges, universities, armed forces and so on, which usually depend on others for their food needs to engage themselves in agriculture.
Table 2: comparison of values of export of agricultural commodities and total export (1971-1989)
Year
Agricultural exports (N million)
Total export (N million)
Expressing 1 as % of 2
1971-1975
260.8
3,145.3
8.3
1976-1980
408.7
9,093.9
4.5
1981-1985
276.6
9,335.1
3.0
1986-1989
1,462.8q
32,111.1
4.6
       
iv.    To inspire Nigerians to recognize the centrality of agricultural and also see it’s as a Nobel economic enterprise.
To achieve the above objectives, the federal government in its 1976/77 budget offered the following incentives:
i.      A five year tax holding for agricultural production and processing which use a substantial portion of local plantation.
ii.     Establishment of an agricultural credit guarantee scheme to provide guarantee for agricultural loans granted by commercial and merchant banks.
iii.    Duty force importation of raw materials for manufacture of livestock feeds.
iv.    Subsidized fertilizer scheme, and;
v.     Subsidized tractor hiring services.
Some of the above incentives were incrementally expanded in subsequent budgeting allocations under the Obasanjo regime. It is important to point out at this juncture that the operation feed the national programme largely reflected the wrong belief in government circles that the poor performance of the country’s agricultural sector was as a result of low investment. For this reason, it proceeded to sustain policies that literally “pumped” large amount of fund into that sector in near total disregard of other important factors which would have meaningfully enhanced agricultural development in the society. As was implied earlier, the federal government’s misplaced policy emphasis largely led to the adoption of liberal importation guidelines for capital and intermediate agricultural goods.
Another wrong policy approach at this time was that little was done to enhance institutional and management arrangements for stimulating the agricultural sector or for at least meeting its critical needs. Moreso, operational feed the nation operated without much practical effort to involve the peasant farmers on whom the nation has for long depended on for its primary agricultural products. In addition, the distribution and service arm of the federal and state agencies which were responsible for handling the critical agricultural inputs such as fertilizers, insecticides and subsidized tractor hiring services left much to be desired.
Another related flaw in the operation feed the nation programme is of the government’s liberalization of imports of tractors, agricultural machinery, and equipment’s and spares parts; further worsen the country dependence on the external sources for these items, and unfortunately for food and other related items. In addition, the agricultural credit guarantee scheme provided opportunities for some privileged Nigerians to raise loans which were largely directed to non-agricultural activities such as commercial (import-export activities).
In all, the operation feed the nation programme was a failure because it neither succeeded in meeting its major objectives which ranged from manpower and resource mobilization for agricultural development nor reduced Nigerian’s excessive reliance on external source for its raw materials and food needs.
AGRICULTURAL DEVELOPMENT PROJECTS (ADPS)
The agricultural development projects were established in various parts of the country starting from 1976. The projects were established to stimulate the agricultural sector through the development and provision of inputs delivery system, low cost agricultural feeder roads, water supplies, soil conservation works, effective extension services as well as providing credit marketing services.
Like the case of inadequate funding of the agricultural development programmes, other significant aspects of poor performance are recorded. For instance, although agricultural production within the projects are mainly for the purpose of demonstration, table 3 shows that for such items as maize, rice, cowpea, cassava, to mention but a few of most significant ones, sharply decline in 1990. Furthermore, a comparative look at the production level of the agricultural development programmes for various farm items in the 1984-1990 periods was discouraging. Stated differently, there was an overall stagnation of farms outputs in the project areas even when funding levels were slightly improved.
Other policies and programmes that have been carried out without success include; River Basin development authority food (RBDAs); the green revolution, the directorate of food, roads and rural infrastructure DFRRI; national acerbated food production programme NAFPP, etc. unfortunately, like the earlier policies and programme for agricultural development in Nigerian since the 1970s, the policies and programmes have largely failed to meet primary objects particularly in mobilizing the rural and farming population to increase production for local use and for export. Worse still, some of the programmes and policies did not make the expected impact in the society.
During the 1995 federal government budget broadcast, the then head of state general Sani Aacha state that “government will finance and provide enabling environment for the survival of tree corps and tuber legumes, livestock and fisheries and the exploitation of solid mineral deposit which abound throughout the country”. The government achieved some of the stated objectives yet investment in agricultural via agricultural productivity remains low. Also in the 1997 federal government budget, government pledged its assistance to the agricultural sector. To this end, the family economic advancement programme was launched which the government foresees will exploit the potentials of the rural communities so as to improve their economic life through productive activities.
The family economic advancement programmes and its policies seems to have towed the same line with the previous there has not been any significant impact of the family economic advancement programme in nearly all the states of the federation especially the local government which the programme intends to make use of stated differently, the argument is that huge public funds earned largely from oil are being expanded on wrong agricultural programmes and policies without any meaningful result. Thus the salvaging of the agricultural sector and its productivity form its present state of total collapse has prompted this research since the previous policies and programmes seem to have failed.
1.3   OBJECTIVE OF THE STUDY
Given the present state of agriculture in the Nigerian economy, the researcher has the following objectives, they include;
i.      Determining the extent to which the production of oil in Nigeria has hampered agricultural productivity.
ii.     Assessing the contribution of oil towards economic development of the Nigerian economy.
iii.    Determining or evaluating the adverse effect the dominance of oil in the economy to the determine of the Nigerian economy.
iv.    Offering suggestions towards enacting appropriate policies that will improve agricultural productivity and strike a balance between oil production and agricultural productivity.
v.     To determine the relationship that exists between oil production and unemployment of lower level workers.
1.4   SIGNIFICANCE OF THE STUDY
The study will lead to a better understanding of the impact of oil on agriculture in Nigeria. This will enable us make objective judgment with respect to the achievements and future prospect of oil and agriculture in Nigeria. Also, appropriate polices will be made with regard to improving agricultural productivity and striking a balance between agricultural production and oil production. This will also broaden the scope of knowledge in this sector by increasing the body of literature and also act as a springboard for further research in the oil and agricultural sectors.



1.5   RESEARCH HYPOTHESIS
During the 1950s and 60s, agricultural production was high and agriculture was the earner of foreign exchange in Nigerian. But from 1965 to late 1990s, oil has become the foreign exchange earners with its production rising higher and higher while that of agriculture continues to decline. The research is therefore directed towards finding out whether oil production in Nigeria has any impact on agricultural productivity and other real variables of the economy. In this view, the hypothesis stated below will be tested.
H01: 0= oil production has not hampered agricultural production in Nigeria.
H02: oil production has hampered agricultural production in Nigeria.
H03: oil production has not helped in economic development in Nigeria.
H04: increase in oil production increases unemployment of lower level workers.
H05: increase in oil production reduces unemployment of lower level workers.
1.6   RESEARCH METHOD
There are two types of research method that are used in business or economic research, they include: library research and field work. However, the one that will be used in this work is library research.
1.61 LIBRARY RESEARCH
This research methodology involves the consultation of published and unpolished materials and books in libraries.  This method is chosen because the information and data needed for the research are of secondary type.
The materials/books required will be obtained from the libraries of the following:
i.      Ministry of agriculture
ii.     Federal office of statistics (FOS)
iii.    Central bank of Nigeria (CBN)
iv.    Nigerian national petroleum corporation (NNPC)
v.     Shell Petroleum Development Company of Nigeria Ltd.
vi.    University library and;
vii.   Other related institutions.
1.6.2 SECONDARY DATA
Secondary data are those data obtained from secondary hand information which do not require any field work. The data for this research or the variables include;
Data on agricultural productivity, data on crude oil production, data on gross domestic product (GDP) and, data on registered unemployment of lower level workers, all of Nigeria.
1.6.3 DATA ANALYSIS
Many types of data analysis exist, thus we have; regression, analysis, chi-square, moving average etc. but the type that will be applied for this research is the regression analysis. The regression method of analysis is chosen because a relationship is to be established in the process of the research especially the relationship between oil production and agricultural production in Nigeria. The chi-square and others are not a very good method of analysis for this research. For instance, the chi-square is only used to for independence, that is the idea that one variable is not affected by or related to another variable. It is not a degree of relationship but a test of association. The regression method is also chosen for easy interpretation of relationship.
1.6.4 DATA PRESENTATION
 Many types of data presentation exist, like; the use of table, histogram, bar chart graphs etc; but the type that will be adopted for this research is: the use of tables.
1.7   SCOPE AND LIMITATION OF THE STUDY
The research will cover the period between 1980-2003 though references will still be made of period outside the range. The research is not limited to any particular location in the country instated it will make an overview of the Nigerian geographical region
Apart from the normal financial constraints faced by any research and administrative protocols inherent in the administrative system of our office, duration of the study, accuracy of data collected, coupled with other academic works, this research will be carried out to the best of my effort.
1.8   DEFINITION OF TERMS
The following definitions of terms are given for the purpose of this research.
1.8.1 AGRICULTURE
Agriculture can be seen as the science or practice cultivating land for the purpose of food production for man, feeds or animals and the production of raw materials for industrial uses.
1.8.2 CRUDE OIL
Crude oil refers to the unrefined product (raw form) of petroleum from the bowel of the earth crust. The term oil, crude oil, petroleum will be used interchangeably in this work.
1.8.3 PETROLEUM
Petroleum can be defined as a mixture of hydrocarbon oils obtained below the earth surface and is the raw material around which a chain of commercial activities known as the petroleum industry revolves.
1.8.4 PETROLEUM EXPLORATION AND EXPLOITATION
Petroleum exploration is the search for oil through geological, geochemical surveys and seismic shooting. Exploitation is the process of drilling well to bring petroleum, to the surface.
1.8.5 POLLUTION
The introduction of any substance to any segment of the environment which has deleterious effects such as harm to living resources, hazard to human health, hindrance to marine activities including fishes, and reduction of amenities etc, on the ecosystem is called pollution. The term contamination will be used interchangeably with pollution.
1.8.6 OIL SPILLAGE
The discharge or release of crude oil from oil producing areas and sources into an environment knowingly or unknowingly is known as oil spillage.

1.8.7 POLICY
Policy is the plant of action, statement of aims and ideals, especially one made by government, political party, Business Company etc for the achievement of a set of objectives.
1.8.8 GROSS DOMESTIC PRODUCT (GDP)
The gross domestic product measures the market value of final output of goods and services produced on the domestic soil of a nation by both nationals and non-nationals of that country.
1.8.9 PRODUCTIVITY
Productivity as used in this work means increase efficiency and the rate at which good are produced, thus we shall be talking of “Agriculture and Oil” productivity.
1.10 ORGANIZATION OF THE RESEARCH/PROJECT
The research work has been dividing into five chapters. In each chapter, different but related topics to the research work will be discussed. The chapters include;

CHAPTER ONE: INTRODUCTION
This chapter will contain the introduction to the study, background to the study (historical overview), statement of the research problem, objective of the study, significance of the study, research hypothesis, research method, scope and limitation of the study and definition of terms that will frequently be used in the research work.
CHAPTER TWO; LITERATURE REVIEW
This chapter is concerned with the review of various literatures that is related to the study.
CHAPTER THREE: METHOD OF THE STUDY
This chapter will contain the source of data and data collection, data analysis technique model specification.
CHAPTER FOUR: DATA ANALYSIS
This chapter deal with the data analysis where the various data obtained for the purpose of the research work will be analyzed to ascertain the true relationship in each case.

CHAPTER FIVE: CONCLUSION
This chapter will contain the summery of the entire work, its findings and final conclusion.



AFFILIATE LINKS:

www.researchprojectmaterials.com


Comments

Popular posts from this blog

WAZOBIA INVESTMENT WILL CRASH BY OCTOBER.

WAZOBIA INVESTMENT WILL CRASH BY OCTOBER.   History repeats itself, a lot of investments have been pouring in large proportions into the fastest growing scheme in Nigeria called wazobia investment.   However, a vast majority of these investors are still very much worried, they keep asking-when will this scheme come to an end, some even inquire from fellow investors as to a likely time.   Well, this information should not be ignored, I mean what I am about to say here Firstly, strong observations have it that ponzi scheme operators pay you initially with their money, the doubled money you received is from their pocket. They invest huge cash into the system, their aim is to draw in more persons. The people that gain more in a ponzi scheme are the early starters, so these guys keep pumping money into the system with an expectation of more persons.   WAZOBIA CRASH WILL BE GREATER THAN OR CLOSE TO THAT OF M-M-M   Reasons, before you withdraw from wazobia you have to ...

ENGLISH LANGUAGE EDUCATION PROJECT TOPICS AND MATERIALS

  ENGLISH LANGUAGE EDUCATION PROJECT TOPICS AND MATERIALS       ATTENTION: BEFORE YOU READ THE PROJECT TOPICS BELOW, PLEASE READ THE INFORMATION BELOW.THANK YOU!   NOTE: WE WILL SEND YOU THE ABSTRACT, TABLE OF CONTENT AND CHAPTER ONE OF YOUR APPROVED TOPIC FOR FREE. CHOOSE FROM THE LIST OF TOPICS BELOW. SEND YOUR EMAIL ADDRESS AND THE APPROVED PROJECT TOPIC TO ANY OF THESE NUMBERS-08068231953, 08168759420   WE WILL THEN SEND THE ABSTRACT, TABLE OF CONTENT AND CHAPTER ONE FOR FREE   NOTE ALSO: WE CAN ALSO DEVELOP THE FULL PROJECT WORK CALL: 08068231953, 08168759420       ENGLISH LANGUAGE EDUCATION PROJECT TOPICS AND MATERIALS     1.     STYLISTIC ANALYSIS OF CHIMAMANDA NGOZI ADICHIE’S HALF OF A YELLOW SUN 2.     PIDGIN ENGLISH ON RADIO AS A MEANS OF EFFECTIVE COMMUNICATION TO ILLITERATE AUDIENCE 3.     A CRITICAL, RATIONAL AND REFLECTIVE...

CURRICULUM STUDIES AND EDUCATIONAL PLANNING

  CURRICULUM STUDIES AND EDUCATIONAL PLANNING     ATTENTION: BEFORE YOU READ THE PROJECT TOPICS BELOW, PLEASE READ THE INFORMATION BELOW.THANK YOU!   NOTE: WE WILL SEND YOU THE ABSTRACT, TABLE OF CONTENT AND CHAPTER ONE OF YOUR APPROVED TOPIC FOR FREE. CHOOSE FROM THE LIST OF TOPICS BELOW. SEND YOUR EMAIL ADDRESS AND THE APPROVED PROJECT TOPIC TO ANY OF THESE NUMBERS-08068231953, 08168759420   WE WILL THEN SEND THE ABSTRACT, TABLE OF CONTENT AND CHAPTER ONE FOR FREE   NOTE ALSO: WE CAN ALSO DEVELOP THE FULL PROJECT WORK CALL: 08068231953, 08168759420       CURRICULUM STUDIES AND EDUCATIONAL PLANNING     1.     THE IMPACT OF PLANNING ON TEACHING AND CURRICULUM DEVELOPMENT OF TEACHING AND LEARNING INTERGRATED SCIENCE IN JUNIOR SECONDARY SCHOOLS IN NIGERIA 2.     FUNCTIONAL ACCOUNTING EDUCATION CURRICULUM FOR SUSTAINABLE YOUTH EMPOWERMENT IN EDO STATE 3.  ...