Oil industry and Poverty in Nigeria: Social Sciences Essay

Oil industry and Poverty in Nigeria
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Oil industry and poverty in Nigeria
Nigeria, located in Africa, precisely West side of Africa, neighboring the Gulf of Guinea, between Cameroon and Benin, covering a total area of about 923,768sq km, land being 910,768km and water 13000sq km. In pre-colonial and ancient eras, Nigeria had a settlement by an infinite diversity of cultural groups with very diverse traditions and languages. British control and influence over what would emerge to be Africa's most populous country and Nigeria developed throughout the 19th century. Politics were signified by mostly military rule and coups after independence in 1960; the political transition wasn't allowed until the demise of ahead of the military state in 1998. A nonviolent changeover to civilian government was accomplished in 1999 after the new constitution was implemented.
Longstanding religious and ethnic pressures in Nigeria are still being experienced to date. To date, the Nigerian government still is battling with the intimidating task of revolutionizing a petroleum-based economy and democracy institutionalization, whose incomes over the decades have been squandered through mismanagement and corruption (Jaiyeola, 2020). To date, Nigeria is still enjoying the most prolonged period of civil ruling the nation, even though in the 2003 and 2007 elections were soiled by substantial violence and irregularities of civilian rule since independence. State and national votes in 2011 and 2015 were viewed as credible generally. The first civilian-to-civilian transmission of power in the country's history was in the general elections of 2007 (Jaiyeola, 2020). In 2015 voting was also contentious for the reason that the All Progressives Congress, the then opposition party, conquered the long-ruling People's Democratic Party that had ruled for a long period since 1999, and took over the presidency, registering the first peaceful transition of authority from two different parties (Hamalai et al. 2017). Regardless of voting intimidation, violence, and irregularities, legislative and presidential elections were held in early 2019 and were believed to be broadly free and fairly.
With a population of around 220,000,000 people ,its consider as one of the most populated nations in Africa and worldwide , its comprised of ethnic groups such as the Hausa 30%, %, Igbo (Ibo) 15.2% ,Fulani 6%,Yoruba 15.5, Ibibio 1.8%, Ijaw/Izon 1.8%, Tiv 2.4% other 24.7% and Kanuri/Beriberi 2.4% (Jaiyeola, 2020) . English is considered the main...