Unheard Voices: The Socio-Economic Impact of Oil Dependent Growth in Nigeria and the Plight of the Niger Delta People

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2010
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Haverford College. Department of Economics
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eng
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Open Access
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Abstract
Nigeria’s oil brings in over $2.2 million dollars every day while the majority of the people in the Niger Delta, the location of oil extraction, live on just $1 a day. So who, exactly, has benefited from Nigeria’s oil? And “Why is an oil rich region at the same time a space of such unrelenting misery?” Is all of Nigeria equally worse off or is the Niger Delta worse off than other regions? The purpose of my study is to attempt to answer these questions, and to prove that while Nigeria as a whole does not seem to have benefited from the country’s resources, the region that should be better off than all other regions (by virtue of the location of the resource) is actually worse off.
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