The Impact Of Oil Export On Economic Growth In Nigeria (1981-2014).
ABSTRACT
Exports are a function of
international trade whereby goods produced in one country for future sale.
Exports are of two type which includes; Visible and Invisible export. Visible
export are tangible commodities and can be seen and touched example palm oil.
cotton and rubber while Invisible export are intangible commodities that cannot
he seen and touched such as services. Crude oil is naturally occurring,
unrefined petroleum products composed of hydrocarbon deposits and other organic
materials. The raw material crude oil can be refined to produce useable
products such as gasoline, diesel and various forms of petrochemicals. Crude
oil was made naturally from the decaying plants and animals living in ancient
seas million of year ago. Crude oil is dark in colour, viscous and foul
smelling liquid. Crude oil can be used for petrol example; for aero plane, motor
vehicle etc .Kerosene which serves as fuel for jet aircraft and for oil field
for domestic heating, diesel oil for generator and waxes for making Vaseline.
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NNANNA, M (2021). The Impact Of Oil Export On Economic Growth In Nigeria (1981-2014). . Repository.mouau.edu.ng: Retrieved Apr 26, 2024, from https://repository.mouau.edu.ng/work/view/the-impact-of-oil-export-on-economic-growth-in-nigeria-1981-2014-7-2
MARANATHA, NNANNA. "The Impact Of Oil Export On Economic Growth In Nigeria (1981-2014). " Repository.mouau.edu.ng. Repository.mouau.edu.ng, 30 Jul. 2021, https://repository.mouau.edu.ng/work/view/the-impact-of-oil-export-on-economic-growth-in-nigeria-1981-2014-7-2. Accessed 26 Apr. 2024.
MARANATHA, NNANNA. "The Impact Of Oil Export On Economic Growth In Nigeria (1981-2014). ". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 30 Jul. 2021. Web. 26 Apr. 2024. < https://repository.mouau.edu.ng/work/view/the-impact-of-oil-export-on-economic-growth-in-nigeria-1981-2014-7-2 >.
MARANATHA, NNANNA. "The Impact Of Oil Export On Economic Growth In Nigeria (1981-2014). " Repository.mouau.edu.ng (2021). Accessed 26 Apr. 2024. https://repository.mouau.edu.ng/work/view/the-impact-of-oil-export-on-economic-growth-in-nigeria-1981-2014-7-2