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SUMMARY
This study was designed to achieve three important objectives, namely, (a) To critically analyse the determinants of Nigeria-United States relations, (b) To study the role of oil in these relations (c) To ascertain the possibility of the United states satisfying her increasing demand for Nigeria‘s oil within the context of OPEC politics and also to assess the impact of the bilateral relations on the political economy of the Nigerian state. After critical analyses of available data, the study revealed as follows:
Nigeria matters significantly to the United States national interest as a regional hegemon, an ever larger source of energy, a key zone of global HIV/AIDS pandemic, an activist middle power and big market for American goods. The study shows that America‘s dynamic economic growth is fuelling an ever increasing demand for Nigeria‘s oil. Infact, guaranteed long term access to Nigeria‘s relatively under exploited natural resources clearly tops American agenda. The study shows that Nigeria ranks second only to Saudi Arabia as the most important supplier of oil to the United States which buys over one million barrels a day of the highly light, low sulphur sweet crude. Consequently, crude oil has continued to dominate Nigeria‘s exports to the United States and currently constitutes over 90 percent of total exports to the United States.
