![]() ![]() But most importantly, the solution to Nigeria’s economic concerns must ultimately come from Nigerians as international influence has been a major contributor to the environmental degradation in the first place. The indicator is available from 1973 to 2022. International consumers can help Nigeria head towards a less petroleum-driven future through an increased awareness of the origins of their oil and pressure on the Nigerian federal government and the multinational oil companies to extract oil more conscientiously or even to discontinue oil extraction. Oil production, thousand barrels per day, 2022 - Country rankings: The average for 2022 based on 190 countries was 423.53 thousand Barrels Per Day.The highest value was in the USA: 11884.15 thousand Barrels Per Day and the lowest value was in Afghanistan: 0 thousand Barrels Per Day. Curbing government corruption is also vital to effective regulation of oil extraction. Nigeria flares more gas per barrel of oil extracted than any other country in the world, contributing to global warming and creating serious health hazards for communities located near gas flares.ĭiversification of the Nigerian economy would help to alleviate many of the factors that lead to environmental degradation, including the dependence of the government on oil revenues, high unemployment, and rampant oil theft. Large tracts of rainforest and mangrove ecosystems have been cleared or degraded by the oil extraction process. Cleanup efforts are often inadequate, resulting in loss of delicate ecosystems as well as fisheries and farmland. Oil spills are very common in the Niger Delta. The main environmental impacts of oil extraction are oil spills, land use change, and gas flaring. East Coast and Gulf Coast Transportation Fuels Markets. Midwest and Rocky Mountain Transportation Fuels Markets. Coal output per worker in the United Kingdom. Communities in the Niger Delta bear nearly all of the environmental burden of oil extraction, but see very little of the economic benefits. Reports requested by congress or otherwise deemed important. Coal output from opencast and deepmines in the United Kingdom. the second combined cycle plant in the country with a generating capacity of 720 Mega. However, the Nigerian federal government has failed to effectively regulate these projects. As the largest oil and natural gas producer in the Caribbean. Multinational oil companies with little stake in the development and environment of Nigeria are responsible for most of the extraction projects and subsequent environmental damage. The Nigerian economy is largely reliant on its petroleum resources which, in conjunction with governmental corruption and high international demand for Nigerian oil, has created a system where environmental externalities are largely ignored. The reasons for this are complex and have roots in Nigeria’s colonial past. Oil extraction in Nigeria has caused extensive environmental degradation and health problems in many Nigerian communities, particularly in the ecologically sensitive Niger Delta where nearly all of the oil extraction takes place.
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