Petroleum Technology Development Fund Investing In the Nation to Ensure Corporate Social Responsibility through Program of Sponsoring Citizen

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CHAPTER 1: INTRODUCTION3

1.1 Introduction of Petroleum Industry In Nigeria3

1.3 Research Question4

1.2 Research Aims and Objectives5

1.4 Significance of the Study5

1.5 Research Justification6

CHAPTER 2: LITERATURE REVIEW7

2.1 Corporate Social Responsibility7

2.1.1 Social Effects of CSR8

2.2 Illiteracy in Nigeria9

2.3 Importance of Petroleum Industry in Nigeria10

2.4 Participation by International Companies in Nigerian Petroleum Industry12

2.4.1 Shell and Its Scholarship Scheme for Social Development in Nigeria12

2.5 Petroleum Technology Development Fund and its Investment in Petroleum Industry13

Fig. 1. List of Courses Offered by PETROLEUM TECHNOLOGY DEVELOPMENT FUND15

2.6 Triple Bottom Line16

CHAPTER 3: RESEARCH METHODOLOGY18

3.1 Qualitative and Quantitative Research Approach18

3.2 Sample19

3.3 Limitations20

Timeline21

Gantt chart21

References22

CHAPTER 1: INTRODUCTION

1.1 Introduction of Petroleum Industry In Nigeria

Oil is considered as a blessing for all the economies all over the world and is of great significance for societal development. The development of petroleum and gas industry enables nations to achieve economic growth through creation of employment and brining improvements in the standard of living of the nation (Baker, 2004). The two most essential resources of the world are oil and gas. The petroleum industry plays a critical role in driving the global economy. Petroleum can be used for various products; furthermore it also serves as the world's primary fuel source (Jonathan, 2012).

However, the processes and systems that are required for production and distribution of oil and gas are complex, capital-intensive and require state-of-the-art technology. Therefore, it is essential for the economy to educate and train its citizens for efficiently utilizing the available oil and gas resources of the nation for the development of the economy (Mitchell, 2012).

In the year 1971, Nigeria was the 11th and the final nation that joined the Organization of Petroleum Exporting Countries (OPEC). The country had 25 billion barrels of proven oil reserves in the year 2002, due to which Nigeria was placed among the world's top oil producing nations (Jonathan, 2012). The nation is in a process of increasing oil reserves after discovering large oil deposits in deeper offshore waters.

Nigeria is an underdeveloped nation, which relies greatly on its oil sector. The oil and gas industry of the nation accounts for 90% of its export revenues and contributes 41% to the economy's GDP; thus, it is important for the nation to develop its oil sector by employing state-of-the-art technology and train its personnel to develop the industry (Harper, 2003).

By the end of the year 2011, it was found out by the BP Statistical Energy Survey that Nigeria had proved oil reserves of 37.2 billion. In the year 2011, the country produced an approximately an average of 2457.3 barrels of crude oil everyday in 2011. The major source for the production of oil is the prolific Niger River Delta (NNPC, 2010). Although there are numerous problems associated with the nation that includes border disputes and government funding, yet Nigeria's wealth of oil has made it the most attractive nation to the major oil-multinationals, the major foreign stakeholder is ...