THE ENERGY MARKET IN NIGERIA AND BUSINESS OPPORTUNITIES

THE ENERGY MARKET IN NIGERIA AND BUSINESS OPPORTUNITIES.  A RESEARCH PROJECT TOPIC ON BUSINESS MANAGEMENT

ABSTRACT

The aim of the thesis work is to carefully study how Finnish companies and businesses can be introduced and integrated into Nigerian market now and in years to come. With different views of market analysts and major players in the world economy, Africa is considered as one of the continents with great potentials and development possibility in the future. Nigeria, one of the West African Countries, giant of Africa alongside South Africa and the biggest African country (population wise) with about 150 million inhabitants is a major player in the continent. Nigeria is blessed with a lot of natural resources and these natural endowments are still not fully utilized towards the nation’s growth. How these natural resources and the market potential of the country could be fully utilized by both Finnish and Nigerian government is the core focus of this thesis work. Many companies and industries both public and private failed to function well due to the fact that the country lack sufficient energy supply despite the rich crude oil, natural gas and sunlight and other flourish resources the country is blessed with.

This thesis work will concentrate on how the energy capacity of the country could be improved by both Finnish and Nigerian government without violating all guiding rules of the International Energy Policy of clean energy investment as well as the living of Nigerians at large.

Also, the role of Examine project in making African dreams realizable will be emphasized in this thesis work.

1   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 Good luck 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.

THE ENERGY MARKET IN NIGERIA AND BUSINESS OPPORTUNITIES.  A RESEARCH PROJECT TOPIC ON BUSINESS MANAGEMENT