Comment
Article from: OGEL 2 (2003), in OGEL Profiles
Summary
To: Dr Obi Nwasike I have read your article that was forwarded to the group by Mr Castillo. I agree with you that Nigeria needs to leave OPEC, but for different reasons than the ones you mentioned in your article. The level of foreign investment in Nigeria is very high relative to other OPEC members and Nigeria does not share geo-political goals with other members. In addition, by all standards, Nigeria ranks number 1 in quota violation since 1982 (now it ranks number 2 after Algeria). In fact, Nigeria was the first country in OPEC to violate its quota when the quota was ...