Nigeria is one of the countries blessed with an abundance of natural resources buried under its foot. One of them is: crude oil.
“It was first discovered in commercial quantities in 1956 in the town of Oloibiri with a daily production capacity of 2000 barrels. In 1958, as reported, export to the outside world began”.
It is important to note that prior to the discovery of crude oil, the country was heavily dependent on agricultural commodities for its foreign exchange earnings. Thus, the sector…
