John Olotewo
A dynamic Marketing and Business professor with extensive experience in both industry and academia. Passionate about bridging the gap between theoretical concepts and practical applications, I excel in imparting comprehensive knowledge to students while leveraging my industry background to provide real-world insights. Seeking opportunities to collaborate with forward-thinking individuals/ institutions to shape the future of marketing and business education and practice.
Address: Bilgi, Van, Turkey
Address: Bilgi, Van, Turkey
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Despite the vast number of its wealth in oil, Nigeria highlights the highest number of people living in poverty-stricken conditions. With per capita incomes averaging around three hundred and fifty dollars, estimates indicate about seventy million Nigerians as living on less than a dollar daily. The fluctuation of prices, which has been synonymous with the oil industry, does little to provide comfort especially for the long term. From a short-term perspective, Nigeria has been able to establish an increasing albeit volatile growth owing to the high prices of oil on the global scale. From a long-term perspective, a combination of low prices and an undiversified production base will eventually take its toll on the economy, thus resulting in a wide range of negative effects. The high level of dependency for the Nigerian economy on oil implies that volatility of the oils sector have an enhanced impact on government revenue and the determination of financial policy.
Despite the vast number of its wealth in oil, Nigeria highlights the highest number of people living in poverty-stricken conditions. With per capita incomes averaging around three hundred and fifty dollars, estimates indicate about seventy million Nigerians as living on less than a dollar daily. The fluctuation of prices, which has been synonymous with the oil industry, does little to provide comfort especially for the long term. From a short-term perspective, Nigeria has been able to establish an increasing albeit volatile growth owing to the high prices of oil on the global scale. From a long-term perspective, a combination of low prices and an undiversified production base will eventually take its toll on the economy, thus resulting in a wide range of negative effects. The high level of dependency for the Nigerian economy on oil implies that volatility of the oils sector have an enhanced impact on government revenue and the determination of financial policy.