Description
Nigeria is the 8th largest oil producer in the world, the largest in Africa, sith in the organisation of petroleum exporting countries (OPEC), fifth-largest supplier to the United States and the most endowed oil producer in sub-Saharan Africa. The contribution of the oil industry to Nigeria’s foreign exchange earnings cannot be over-emphasised.
However, the impact of the sector on employment generation, value addition and diversification of other sectors of the economy has remained comparatively low.
