International Journal of Multidisciplinary Research and Development

International Journal of Multidisciplinary Research and Development


International Journal of Multidisciplinary Research and Development
International Journal of Multidisciplinary Research and Development
Vol. 9, Issue 5 (2022)

The ‘Fate’ of oil well 1 in the economic history of Nigeria


Azibalua Onyagholo

This study examines the fate of oil well one (1) in the economic history of Nigeria. It adopted textual and expository analysis. The findings of the study revealed that despite the fact that the discovery of crude oil at Itokopiri near Oloibiri in Ogbia local government are of Bayelsa State in 1956 which has become the mainstay in the economic history of Nigeria. The area still remains backwards in terms of development. Oil well one (1) also changes the agrarian nature of the Nigerian peoples to a monocultural economy of crude oil from oil well one (1). Therefore it concluded that SPDC should as a deliberate corporate social responsibilities policy embark especially without the involvement of these citizens/governments of the area embark on a visible, reliable and landmark projects to make future generation realize the fact that oil well one (1) is fundamental to the greatness of Nigeria.
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How to cite this article:
Azibalua Onyagholo. The ‘Fate’ of oil well 1 in the economic history of Nigeria. International Journal of Multidisciplinary Research and Development, Volume 9, Issue 5, 2022, Pages 80-85
International Journal of Multidisciplinary Research and Development International Journal of Multidisciplinary Research and Development