How the oil development been good or bad for Nigeria?

Answer 1

Oil development in Nigeria has brought significant economic benefits, including increased revenue and foreign investment, which have contributed to national growth. However, it has also led to negative consequences such as environmental degradation, social unrest, and corruption, particularly in the Niger Delta region. The wealth generated has not been equitably distributed, resulting in widespread poverty and community grievances. Overall, while oil has the potential to drive development, its management has often been fraught with challenges that have hindered sustainable progress.