DEVELOPMENTAL CHALLENGES OF OIL DEPENDENCY: A STUDY OF ENERGY POLICY AND  AGRICULTURAL SUSTAINABILITY IN NIGERIA’S OIL-PRODUCING REGIONS.

John Oghenekevwe Ifaka (Ph.D.); Professor Monday Osemeke; Aguebor Sandra Iguehita (Mrs.)

doi:10.5281/zenodo.14714815

DEVELOPMENTAL CHALLENGES OF OIL DEPENDENCY: A STUDY OF ENERGY POLICY AND AGRICULTURAL SUSTAINABILITY IN NIGERIA’S OIL-PRODUCING REGIONS.

Authors

John Oghenekevwe Ifaka (Ph.D.) Department of Public Administration, Glorious Vision University, Ogwa, Edo State, Nigeria https://orcid.org/0009-0000-8721-1457
Professor Monday Osemeke Department of Business Administration, College of Management and Social Sciences, Glorious Vision University, Ogwa, Edo State, Nigeria. https://orcid.org/0009-0000-8721-1457
Aguebor Sandra Iguehita (Mrs.) Department of Business Administration, College Of Management and Social Sciences Glorious Vision University, Ogwa, Edo State, Nigeria. https://orcid.org/0009-0000-8721-1457

DOI:

https://doi.org/10.5281/zenodo.14714815

Keywords:

Food affordability, Food availability, Food sustainability, Food quality, Oil Pricing, Market dynamics

Abstract

The study is focused on the developmental and administrative challenges of balancing global oil pricing and agricultural sustainability of oil rentier-dependent states like Nigeria. The study examined the extent to which oil pricing impacts on food security. The qualitative methodology was adopted for the study. The Focus Group Study was utilised to collect data and content analysis was deployed to analyse the theme and trend implicated in oil pricing and food security. The Study concluded that the neoliberal reform that removed the fuel subsidy in Nigeria brought out the volatility of the international market dynamics exposing the agricultural sector and food component (of the agricultural subsector) to high overhead costs which has negatively impacted food security. The study recommended a comprehensive collaborative framework that balances the needs of oil and agricultural sectors aimed at the sustainability of the economy. In the short term, fuel subsidy removal should be reversed until the local refineries are functioning optimally, the oil-producing states should invest in research and development to advance technology that can aid the production, storage, and effective distribution of the agricultural sector products targeting food sufficiency and security.

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2025-01-22

How to Cite

John Oghenekevwe Ifaka (Ph.D.), Professor Monday Osemeke, & Aguebor Sandra Iguehita (Mrs.). (2025). DEVELOPMENTAL CHALLENGES OF OIL DEPENDENCY: A STUDY OF ENERGY POLICY AND AGRICULTURAL SUSTAINABILITY IN NIGERIA’S OIL-PRODUCING REGIONS. GVU Journal of Management and Social Sciences, 9(2), 22–30. https://doi.org/10.5281/zenodo.14714815

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DEVELOPMENTAL CHALLENGES OF OIL DEPENDENCY: A STUDY OF ENERGY POLICY AND AGRICULTURAL SUSTAINABILITY IN NIGERIA’S OIL-PRODUCING REGIONS.

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