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Essay / Research Paper Abstract
This 15-page paper discusses how Nigeria, one of the richest oil countries in the world, is also one of the world's most poverty-stricken ones. Discussions center around government corruption and oil companies' indifference as contributions to this scenario. Bibliography lists 20 sources.
Page Count:
15 pages (~225 words per page)
File: D0_MTnigeroil.rtf
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Unformatted sample text from the term paper:
continent produced 2.35 million barrels of oil per day (Nigeria, 2009). Exports in 2005 (the latest statistics) totaled 2.47 million barrels a day (Nigeria, 2009). Furthermore, the 2008 estimate of
oil-proved reserves stands at 36.22 billion barrels (Nigeria, 2009). Measuring the personal GDP per capita ($2,300 per person according to 2008 estimates) versus the GDP growth rate (6.1%, again a
2008 estimate) shows a huge disparity between a nations actual growth and a population that struggles economically (Nigeria, 2009). This is
all well and good, but the same report from the CIA Factbook reports that Nigeria is one of the poorest countries in the world. If we compare Nigeria to another
oil-rich nation - the UAE, for example, wed see some shocking disparities. Oil exports in this nation top out at 2.7 million barrels per day, while production (2007 figures) stands
at close to 3 million barrels per day (United Arab Emirates, 2009). Oil-proved reserves in the UAE are at close to 99 billion barrels (United Arab Emirates, 2009). Yet in
this nation, which has fewer oil exports has a GDP growth rate of 7.7% (2008 estimates) and a personal GDP per capita at $40,000 - close to 20 times that
of Nigeria, which is exporting more oil (United Arab Emirates, 2009). Granted, the systems of government are very different between these
two nations - the UAE is overseen by a relatively benign monarchy that is progressive minded and wants the best for its nation. This compares to Nigerias government, which has
been ruled by corruption and coups for a very long time. However, the story of Nigerias relationship with its "black gold"
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