“Man, as a tool-maker, has always depended on energy as his tool-mover. Like the basic needs of shelter, benign forms of energy are a necessity of modern life. Without ample energy, our industry and commerce would come to a grinding halt. This paper concerns the energy problem and policy options of Nigeria, a Third World oil-exporting country. This paper concerns the energy problem and policy options of Nigeria, a Third World oil-exporting country. Appreciating that energy is an international good, two background developments, which describe the position of the Third World in the world energy economy, are worthy of note.”
