JOURNAL OF STRATEGIC INNOVATION AND SUSTAINABILITY


Oil Trade, People and Power Relationship: Exploring a Possible
Point of Convergence for Nigeria


Author(s): Olumide Abimbola Ajayi

Citation: Olumide Abimbola Ajayi, (2012) "Oil Trade, People and Power Relationship: Exploring a Possible
Point of Convergence for Nigeria," Journal of Strategic Innovation and Sustainability, Vol. 8, Iss. 2, p. 66 - 79

Article Type: Research paper

Publisher: North American Business Press

Abstract:

Oil continued to influence the dynamics of power and international relations because of a wide spectrum
of internal and external interests associated with the exploration and utilisation of its revenue. In spite of
cumulative revenue of $400 Billion since the oil boom of 1970s, 70% of Nigerian citizens are still living
below $1/day. The paper used resource-curse theory, comparative analysis and a robust literature review
to examine the various issues around oil in Nigeria, exploring possible point of convergence between
trade in oil, people and power relationships that can deliver tangible benefits to Nigerians and possibly
citizens of other oil producing countries.