International Trade: Issues Regarding Imposition of an Oil Embargo Against Nigeria

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International Trade: Issues Regarding Imposition of an Oil Embargo Against Nigeria

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US General Accounting Office, 1994
14 pp. $0.00
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Since 96 percent of Nigeria's foreign exchange earnings derive from oil exports, could its autocratic military regime be brought down by an international embargo? GAO researchers report that a unilateral American boycott would be ineffective, and that there is insufficient international support for multilateral action. Moreover, the fragmentation and volatility of Nigeria's political opposition would make the outcome of even a successful multilateral embargo highly uncertain.