Globalization, Petroluem Industry and Sustainable Development: The Implication for Nigeria

Over the past few decades international trade in petroleum products has been greatly expanded through globalization to measure or represent crude oil prices at the global price level. As international trade in petroleum products continues to increase, the activities of the petroleum industry are correspondingly increasing to respond to the growing demand for petroleum products. Globalization is causing serious sustainability problems, especially in most developing countries engaged in exploration and production. This paper will focus on globalization and sustainability as a crude oil exporter of oil and natural gas exploration and production in Nigeria. In this article, several basic problems are raised as follows. Can the environment and ecosystems in developing countries like Nigeria meet the growing demand of petroleum products by globalization? Can the current oil and gas environmental regime achieve sustainable oil and gas exploration and production in Nigeria? Will multinational oil companies operating in Nigeria make major changes to the existing legal system to ensure sustainable oil and gas exploration and production? What is the future of future generations faced with globalization and the unsustainable oil and gas exploration and production model in Nigeria?

The sustainability industry grew in 2017, expecting 20 of the world's leading banks and investors to value $ 6.6 billion, pay more attention to investment and ensure sustainable development It is. For example, opening up your own garden, composting it and investing in insect farms are all options that can easily recover costs in cooperation. We produce high-quality fertilizer from food residues and biodegradable materials for households in compost farms and insect farms, supply electricity to the garden, and grow high quality agricultural products. With such a system, you can not pay yourself. It is easy to handle what kindergarten children can do.

Agricultural development is the most powerful means to eradicate poverty and hunger by 2030. This transformation has an extensive effect on the global goals of the global food system action agenda required to achieve sustainable development goals. Because there are many unemployed people in the country, achieving the target of hunger and poverty can still be difficult. However, the agricultural sector offers young people the opportunity to explore and stimulate economic interests. But recent climate change has brought a new challenge hindering the way to achieve food and hunger goals. During the period of harvest in 2016/2017 from October to March, the farmers felt fear, numerous autumn earthworms invaded the corn field and destroy more than 1 million hectares of corn in 10 provinces nationwide did.

Before discussing the impact of agricultural globalization on sustainable horticultural farms, we must tackle the sustainability of agriculture. First of all, sustainable development in all forms including sustainable agriculture needs to meet current needs while providing equal opportunities or more. In order to achieve this sustainability criteria, production and distribution systems must be ecologically sound, economically viable and socially responsible. In the absence of any of these three aspects, the system is not simply sustainable in the long run. Globalization is not a long-term social sustainability but a strategy designed for short-term economic development.