期刊名称：International Journal of Energy Economics and Policy
电子版ISSN：2146-4553
出版年度：2019
卷号：9
期号：4
页码：110-114
DOI：10.32479/ijeep.7744
出版社：EconJournals
摘要：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.
