THE ENERGY MARKET IN NIGERIA AND BUSINESS OPPORTUNITIES

Format: MS WORD | Chapter: 1-5 | Pages: 73 | 953 Users found this project useful | Price NGN5,000

THE ENERGY MARKET IN NIGERIA AND BUSINESS OPPORTUNITIES

INTRODUCTION

Finland has recognized Nigeria since 7 October 1960 and established diplomatic relations with the country in 1963 and this relation still exists. The two countries‟ representatives have met a couple of times to discuss how these relations could be further strengthened as to increase their bilateral cooperation. Since inception of the new democratic government in Nigeria, Nigerian representatives have visited the Finnish government twice, President Olusegun Obasanjo in 2004 and the recent visit by Vice-President Goodluck Jonathan with other important dignitaries in 2009 to discuss how the Finland-Nigeria relationship could be improved on the basis of exchange of ideas which will better improve the two countries‟ economies. Also, according to the Finnish President website “President Halonen met with President Umaru Yar'Adua on the first day of the official visit, Monday, 9 March 2009 in Abuja. President Halonen and President Yar'Adua discussed bilateral relations between Finland and Nigeria and especially Finnish clean technology expertise which Nigeria could benefit from. President Halonen noted that there is great interest in Nigeria in environmentally friendly technology and sustainable development.

In the area of energy development, Nigeria is still lagging behind and without energy, there would be no development industrially and infrastructure wise in the country. Nigeria has been exploring and exploiting its crude oil since 1956 but until today the nation is still struggling with insufficient supply of energy to the citizenry as well as all other sectors of the country where energy is needed. It is not as if the nation is not endowed with enough energy resources, but the problem still lies on the nation‟s incapability to efficiently and effectively utilize its energy resources to have constant and sustainable supply of energy to the consumers.

According to the Nigerian National Petroleum Corporation (NNPC), Nigeria is ranked 7th in the world in the reserves of natural gas but the country is still unable to convert the resource for its energy supply. This is the reason why the bilateral agreement between Finland and Nigeria would be of help in exchange of advanced technologies that could assist the country in the proper use of energy resources. Nigeria needs the likes of Neste Oil, Wärtsilä and other energy sourcing companies in Finland for exchange of technologies and development of ideas for growth and sustainable development of Nigeria‟s economy now and in the future (The Baker Institute Energy Forum USA 2006, 8).

Nigeria is an energy resource rich country blessed with fossil resources such as crude oil, natural gas, coal and renewable energy resources like solar, wind and biogas but still the country‟s industries are in shamble condition and almost all of them are at the stage of their final collapse. The energy supply to the companies and industries are not sufficient enough and many of them who could afford to buy energy from private sources spend a lot of money to acquire them and this has brought many problems for the companies and businesses in the long run. For instance, since 1995 about 150 multinational companies of which include: Michelin, Dunlop, Pfizer, Aventis, GlaxoWellcome and SmithKline Beecham (now merged as GlaxoSmithKline), Hoechst and P&G. have left Nigeria because they could no longer meet up with their daily business responsibilities and Unilever Plc and Peterson Zochonis (PZ) Plc that are one of the giant manufacturing companies with over 5000 work force are planning to leave the country economy just because the country has failed to provide them with constant power supply and infrastructure that guarantee them successful operations. Peterson Zochonis (PZ) that has spent about 100 years in Nigeria is now planning its move to the neighbouring countries like Ghana to establish its new operation alongside Unilever because there is stable and efficient supply of power over there.

According to them, Nigeria will still be their largest market but they just need to move elsewhere where they could be guaranteed of reduced production costs. Another case is Cadbury Plc that has not patronized Nigerian Government for its power supply just because it cannot risk the problem of epileptic power supply due to the nature of its operations and products. So, the idea behind this thesis is to examine and bring to light how Finland could collaboration with Nigeria in the area of energy and help to rebuild the country‟s economy by rebuilding the energy, industrial sectors and ensure sustainable development of the country (Kehinde, Adeleye & Edwards 2009).

DOWNLOAD THE COMPLETE PROJECT

Project information

Project Price

NGN5,000
Number of Pages

73
Number of Chapters

1-5
Additional Content

Abstract,Table of content and Questionnaire

THE ENERGY MARKET IN NIGERIA AND BUSINESS OPPORTUNITIES

Not The Topic You Are Looking For?

For Quick Help Chat with Us Now!

+234 813 292 6373

+233 55 397 8005

Search for your project topic

HOW TO GET THE COMPLETE PROJECT ON THE ENERGY MARKET IN NIGERIA AND BUSINESS OPPORTUNITIES INSTANTLY

Click on the Download Button above.
Select any option to get the complete project immediately.
Chat with Our Instant Help Desk on +234 813 292 6373 for further assistance.
All projects on our website are well researched by professionals with high level of professionalism.

Here's what our amazing customers are saying

Oluchi From Michael Opara University

If you are a student and you have not used iprojectmaster materials, you are missing big time! iprojectmaster is the BEST

Excellent

Merry From BSU

I am now a graduate because of iprojectmaster.com, God Bless you guys for me.

Excellent

Abdulrazak Bello Marsha

Usman Dan fodio University

It was quite a better guide for project and paper presentation purpoting. Many thanks.

Average

Stancy M

Abia State University, Uturu

I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much iprojectmaster, infact, I owe my graduating well today to you guys...

Excellent

Temitayo Ayodele

Obafemi Awolowo University

My friend told me about iprojectmaster website, I doubted her until I saw her download her full project instantly, I tried mine too and got it instantly, right now, am telling everyone in my school about iprojectmaster.com, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work

Very Good

Adam Alhassan Yakubu

UDS

Excellent work and delivery , I promise to share my testimonies everyone in need of this kind of work. You're the best

Excellent

Samuel From Ajayi Crowther University

You guys just made life easier for students. Thanks alot iprojectmaster.com

Excellent

Dau Mohammed Kabiru

Kaduna State College of Education Gidan Waya

This is my first time..Your service is superb. But because I was pressed for time, I became jittery when I did not receive feedbackd. I will do more business with you and I will recommend you to my friends. Thank you.

Very Good

Gbadamosi Solomon Oluwabunmi

Lasu

Swift delivery within 9 minutes of payment. Thank you project master

Excellent

Abraham Ogbanje

NATIONAL OPEN UNIVERSITY OF NIGERIA

At first I was afraid.. But I discovered they are legit. I will bring more patronize

Very Good

View All Reviews

FREQUENTLY ASKED QUESTIONS

How do I get this complete project on THE ENERGY MARKET IN NIGERIA AND BUSINESS OPPORTUNITIES? Simply click on the Download button above and follow the procedure stated.
I have a fresh topic that is not on your website. How do I go about it?
How fast can I get this complete project on THE ENERGY MARKET IN NIGERIA AND BUSINESS OPPORTUNITIES? Within 15 minutes if you want this exact project topic without adjustment
Is it a complete research project or just materials? It is a Complete Research Project i.e Chapters 1-5, Abstract, Table of Contents, Full References, Questionnaires / Secondary Data
What if I want to change the case study for THE ENERGY MARKET IN NIGERIA AND BUSINESS OPPORTUNITIES, What do i do? Chat with Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately
How will I get my complete project? Your Complete Project Material will be sent to your Email Address in Ms Word document format
Can I get my Complete Project through WhatsApp? Yes! We can send your Complete Research Project to your WhatsApp Number
What if my Project Supervisor made some changes to a topic i picked from your website? Call Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately
Do you assist students with Assignment and Project Proposal? Yes! Call Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately
What if i do not have any project topic idea at all? Smiles! We've Got You Covered. Chat with us on WhatsApp Now to Get Instant Help: +234 813 292 6373
How can i trust this site? We are well aware of fraudulent activities that have been happening on the internet. It is regrettable, but hopefully declining. However, we wish to reinstate to our esteemed clients that we are genuine and duly registered with the Corporate Affairs Commission as "PRIMEDGE TECHNOLOGY". This site runs on Secure Sockets Layer (SSL), therefore all transactions on this site are HIGHLY secure and safe!