Nigeria-OPEC relations: Analysis of the change in Nigeria's foreign policy behavior toward OPEC: 1983-1985.
Item
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Title
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Nigeria-OPEC relations: Analysis of the change in Nigeria's foreign policy behavior toward OPEC: 1983-1985.
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Identifier
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AAI9029908
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identifier
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9029908
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Creator
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Adogamhe, Paul Garuba.
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Contributor
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Adviser: Wentworth Ofuatey-Kodjoe
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Date
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1990
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Language
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English
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Publisher
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City University of New York.
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Subject
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Political Science, General | Political Science, International Law and Relations
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Abstract
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The adverse effect of the unexpected sharp fall in oil revenue on national budgets and development programs has led the Nigerian government to adopt policy actions inconsistent with OPEC pricing and production policy. This study has attempted to analyze Nigeria's policy behavior toward OPEC within the context of the changing environment of the world oil market. The primary objective was to identify the determinants of Nigeria's behavior in terms of its responsiveness to the changing oil market conditions. Nigerian decision-makers' perception of Nigeria's national interest constitutes the basis of Nigeria's policy behavior. Since 1981, the Nigerian decision-makers have perceived the existence of an "oil glut" in the world oil market that had threatened the socio-economic well-being of the petroleum exporting countries. This changed oil market condition has affected OPEC's ability to control oil production and pricing policy as its role has become marginal in the face of increasing competition from non-OPEC producers. OPEC had to resort to imposing a production ceiling on its members as the only way to maintain market stability and prevent the total collapse of its official price structure. The unstable oil market situation and OPEC's restrictive policy have explicitly affected the position of Nigeria's crude oil in the world oil market. The achievement of Nigerian national objectives as perceived by Nigerian decision-makers required the maximization of oil revenues. The reaction of the Nigerian government was not automatic but based on the perception of the opportunities and constraints existing in the global oil market. In this situation, Nigerian decision-makers viewed their opportunities as being unilateral adjustment to the market conditions in cooperation with foreign oil multinationals at the expense of OPEC.
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Type
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dissertation
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Source
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PQT Legacy CUNY.xlsx
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degree
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Ph.D.
