Petroleum industry in Nigeria

4 years ago

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The petroleum industry in Nigeria, Africa is the largest industry and main generator of GDP in the continent’s most populous nation. In February 2013, the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) claimed that the oil sector of the country “is killing the economy”. NACCIMA’s Director General Dr John Isemede said the oil sector is affecting businesses in the country negatively by failing to add real value to them. He said the oil sector has caused substantial decline in agricultural exports, which began in the mid-1960s and continued to date.

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