Nigerian Oil Conflict
a. Nigeria oil is a main part of the countries’ source of income and comprises 95% of their total exports. The nation is the 8th largest oil producer and the fifth largest supplier to America. Even though oil is so profitable, over half of Nigeria’s population lives below the poverty line.The extraction and demand for oil makes the government reckless in their pursuit for money, making Nigerian government corrupt. The population living below the poverty line live on two dollars day.
2. What can the Nigerian government, oil companies, and the international communities do to ensure more transparency of oil revenues and more wealth distribution of oil profits?
a. the Nigeria Extractive Industries Transparency Initiative (NEITI).
a.i. filed three audits to discover where the missing $232 million went. President Obasanjo, enacted the legislation. Businesses need to install more reputable and moral people in charge or become government run. Supporting communities sign deals with full transparency and better distribution of the revenue.
3. What can consumers do to encourage both oil companies and governments to respect human rights and improve quality of life for Nigerian citizens?
a. Consumers of Nigerian oil can force the government to respect human lives through strikes or signing a deal. Not allowing oil derived from a conflict zone or company will send the immediate massage that what they are doing is wrong and should be remedied.However strikes can have a negative impact upon the country. Deals, on the other hand, could specify certain requirement in order to do trade with a powerful industrial country and encourage the nation to help their people less forcefully.
4. Do major oil companies profiting from the extraction of oil in Nigeria have a responsibility to the economic welfare of Nigerian citizens? If so, what are the responsibilities?
a. Yes, they profit from the extractions and have a responsibility to the economic welfare of the citizens of
2. What can the Nigerian government, oil companies, and the international communities do to ensure more transparency of oil revenues and more wealth distribution of oil profits?
a. the Nigeria Extractive Industries Transparency Initiative (NEITI).
a.i. filed three audits to discover where the missing $232 million went. President Obasanjo, enacted the legislation. Businesses need to install more reputable and moral people in charge or become government run. Supporting communities sign deals with full transparency and better distribution of the revenue.
3. What can consumers do to encourage both oil companies and governments to respect human rights and improve quality of life for Nigerian citizens?
a. Consumers of Nigerian oil can force the government to respect human lives through strikes or signing a deal. Not allowing oil derived from a conflict zone or company will send the immediate massage that what they are doing is wrong and should be remedied.However strikes can have a negative impact upon the country. Deals, on the other hand, could specify certain requirement in order to do trade with a powerful industrial country and encourage the nation to help their people less forcefully.
4. Do major oil companies profiting from the extraction of oil in Nigeria have a responsibility to the economic welfare of Nigerian citizens? If so, what are the responsibilities?
a. Yes, they profit from the extractions and have a responsibility to the economic welfare of the citizens of