Bilateral Economic Relations between Nigeria and United States: An Appraisal of Petroleum Resources
- September 18, 2019
- Posted by: RSIS
- Categories: IJRISS, International Relations
International Journal of Research and Innovation in Social Science (IJRISS) | Volume III, Issue IX, September 2019 | ISSN 2454–6186
Bilateral Economic Relations between Nigeria and United States: An Appraisal of Petroleum Resources
Abdulkarim Abdullahi
Department of Political Science, Nile University of Nigeria, Nigeria
Abstract:-In conducting diplomatic relations between countries, always national interests come first before the table of agreement. Relations where national interest cannot be projected that relation is said to be of no use, since the countries involved in the agreement cannot benefit. In Nigeria-United States relations, both the two countries benefit from one another that is why their relations is still in existence in the apex level. United States in interested in Nigeria’s oil that is the reason that oil companies owned by United States existed in Nigeria. While on the Nigerian side, her citizens are employed, and it raises the demand of Nigerian oil by the United States. Data were gathered using primarily. This paper adopted theory of liberalism (from the intergovernmentalism aspect) which viewed the relations of states in the world from the side of cooperation, so that there will be no escalation of conflicts between or among states in the world. This paper made use of simple percentage in analysing the gathered data. The paper addresses the problem whether petroleum is the major commodity of economic relations between Nigeria and United States; also, it looked at whether Nigerian economy developed because of her relations with United States. From the gathered result, result has shown that there are other variables in the development of Nigeria’s economy and not only because of her relations with United States. Lastly, the paper recommends that; there is need for Nigeria to place focal acquisition of skills, technologies and capital investment, and not to depend on exportation of primary commodities only.
I. INTRODUCTION
Today in international system, every state goes into relations with another state in which its foreign policy towards the state can be protected and maintained in a good status. The foreign policy of every state is the projection of that state’s national interest, so therefore every state (country) must be careful in choosing a friend on international plane that can play a role in promoting its national interest. If a country protects and maintain its national interests, its country’s foreign policy is said to be a good foreign policy in the international system, this is because it is the national interest of a country that always give rise to foreign policy.
