KOGI STATE
Faculty of Management Sciences
Journal of MANAGEMENT
ISSN: 3212 - 3122
CHALLENGES OF OIL REVENUE MANAGEMENT IN NIGERIA
Eleonu, C. Charles PhD.
Abstract
It is significant to know how the huge revenue generated in Nigeria is managed in the face of perpetual underdevelopment. Nigeria’s oil wheeled economy seems not spinning smoothly in the face of the huge oil sector revenue. Oil and gas actually generate great wealth, accounting for 95% of the nation’s export and state revenues. The positive direct oil benefits are yet to be effectively translated to economic success. The inhibiting challenges are those of political leadership, corruption, neglect of women, illiteracy, among others. The end results have been perpetual underdevelopment and continual dependence on economically advanced countries. Political leaders are expected to manage the oil revenue to the benefits of the generality of the Nigerian citizens.
Keywords
Oil Revenue, Economic Management, Challenges to Economic Success, Economic Policies
Full Article
UNIVERSITY, ANYIGBA
