Submitted by: Submitted by emperorconstant
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Pages: 13
Category: World History
Date Submitted: 11/25/2012 09:00 PM
AFRICAN POLITICAL AND ECONOMIC TRANSITION (FOCUSING ON PRESSURE & CHANGE MANAGEMENT): CASE STUDY OF NIGERIA & GHANA ON REVENUE COLLECTION PROCESSES
NAME: CONSTANT ASABIA
ADDRESS:
2105 SPUR COURT
DENTON
TX 76210
E-mail: aasabia@gmail.com
Tel: +1 940 595 3590, +234 803 334 7925
COURSE NUMBER AND TITLE:
HR 587: Managing Organizational Change
INSTRUCTOR: PROFESSOR ROMUALD STONE
DATE: May 13, 2012
INTRODUCTION - Overview of Organization
HR 587: Managing Organizational Change
Project Proposal
Overview of Organization
Nigeria:
Nigeria is endowed with abundant natural resources. “It’s proven oil reserves are estimated by the U.S. United States Energy Information Administration (EIA) at between 16 and 22 billion barrels (3.5×109 m3), but other sources claim there could be as much as 35.3 billion barrels (5.61×109 m3). Its reserves make Nigeria the tenth most petroleum-rich nation, and by the far the most affluent in Africa”.
As of the last financial year, “Nigeria earned an average of about $282 million (about N42 billion) from oil revenue daily as a result of the increased production of crude”. “Production from 1 million to 2.4 million barrels, (350,000 m³) per day which is the combined daily production figure of crude and condensate in 2011”.
Furthermore, “Nigeria’s proved natural gas reserves is ranked 8th largest in the world at well over 187 trillion ft³ (2,800 km³), three times as substantial as the crude oil reserves”. After more than 60 years of oil exploration and production in Nigeria, and crude oil price that has remained fairly stable at about US$100 a barrel, it has earned hundreds of billions of oil revenue, in the last decade alone.
In an effort to correct past mismanagement of the country’s economy under military rule, upon return to democracy in 2001, the country’s leaders called on think tanks to produce an agenda for development, a 20 year national master plan for multi-sectorial...