IDEAS home Printed from https://ideas.repec.org/a/eco/journ2/2019-04-14.html
   My bibliography  Save this article

Application of the Stochastic Markov Model in Predicting the Volume of Oil Spill in Nigeria: A Case of the Niger-delta Region

Author

Listed:
  • Ifeoma Christy Mba

    (University of Nigeria, Nsukka, Nigeria)

  • Emmanuel Ikechukwu Mba

    (University of Nigeria, Nsukka, Nigeria)

  • Winnie Ogonna Arazu

    (University of Nigeria, Nsukka, Nigeria)

  • CHINASA E. URAMA

    (University of Nigeria, Nsukka, Nigeria)

  • Chioma Henrietta Machebe

    (University of Nigeria, Nsukka, Nigeria)

  • Chikodili Eze

    (University of Nigeria, Nsukka, Nigeria)

Abstract

Oil spillage in the Niger Delta region of Nigeria and its associated hazard is on the increase and there is urgent need to combat its increasing volume by predicting the volume in the future thus, the objective of this study is on the prediction of the volume of oil spill in Nigeria via the Stochastic Markov Model. Two States Markov analysis were employed and it was discovered that the volume of oil spill incident were mostly maintained in a high state than in a low state and the predicted values were approximately steady at a probability value of 0.519 which is in favour of the high state. The study concluded that for the Nigerian Federal government to combat the volume of oil spill, she should in addition to enforcing the laws governing the volume of oil spill incident, employ remediation process that would help clean up the mess caused the spillage.

Suggested Citation

  • Ifeoma Christy Mba & Emmanuel Ikechukwu Mba & Winnie Ogonna Arazu & CHINASA E. URAMA & Chioma Henrietta Machebe & Chikodili Eze, 2019. "Application of the Stochastic Markov Model in Predicting the Volume of Oil Spill in Nigeria: A Case of the Niger-delta Region," International Journal of Energy Economics and Policy, Econjournals, vol. 9(4), pages 110-114.
    • Handle: RePEc:eco:journ2:2019-04-14
    as

    Download full text from publisher

    File URL: https://www.econjournals.com/index.php/ijeep/article/download/7744/4410
    Download Restriction: no
    File URL: https://www.econjournals.com/index.php/ijeep/article/view/7744/4410
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Norman Offstein, 2002. "An Extortionary Guerilla Movement," Documentos CEDE 1977, Universidad de los Andes, Facultad de Economía, CEDE.
    2. Ifeoma Christy Mba & Emmanuel Ikechukwu Mba & Jonathan Emenike Ogbuabor & Winnie Ogochukwu Arazu, 2019. "Causes and Terrain of Oil Spillage in Niger Delta Region of Nigeria: The Analysis of Variance Approach," International Journal of Energy Economics and Policy, Econjournals, vol. 9(2), pages 283-287.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Obed I. Ojonta & Jonathan E. Ogbuabor, 2024. "Effects of tourism and institutional quality on infrastructural development in Africa: new evidence from the system GMM technique," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 59(2), pages 101-117, April.

    More about this item

    Keywords

    occurrence; oil spill; Niger Delta;
    All these keywords.

    JEL classification:

    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ2:2019-04-14. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.