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

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Report Type Reports and Testimonies
Report Date Nov. 10, 1994
Report No. GGD-95-24
Subject
Summary:

The U.S. House of Representatives has condemned the effort of Nigeria's military government to thwart that country's return to civilian and democratic rule and in jailing prominent human rights activists and democratic political leaders. This report assesses the potential economic impact of a multilateral oil embargo on Nigeria, the world oil market, and the U.S. economy. GAO also examines the political viability of undertaking such an action. Finally, GAO assesses the potential economic impact of a U.S. unilateral oil embargo on Nigeria, the world market, and the U.S. economy, as well as its potential political impact on Nigeria.

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