Transparency in Nigeria’s Oil and Gas Industry: Is Policy Re-engineering the Way Out?

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dc.contributor.authorOyewunmi, Olabode A.
dc.contributor.authorOLUJOBI, Olusola Joshua
dc.date.accessioned2021-07-28T15:01:04Z
dc.date.available2021-07-28T15:01:04Z
dc.date.issued2016
dc.descriptionStaff Publicationen_US
dc.description.abstractNigeria is Sub-Saharan Africa’s largest oil producer and also possesses huge unrealized gas deposits. The oil and gas industry is considered as the lifeblood of Nigeria’s socio-economic development, bearing in mind the well-established historical antecedents and the unfolding happenings. However, inspite of the strategic role of this industry to national wellbeing, it is a signpost for; corruption, infrastructure deficit, oil smuggling, vandalism and diverse security challenges. It is noteworthy, that accurate revenues attributable to the industry are not consistently published. Royalties paid to the Federal Government remain undisclosed for unjustifiable reasons. Also, specifics of transactions are disguised, thereby making it practically impossible for an interested stakeholder to monitor the level of; royalties, taxes, fees and charges paid to the Federal Government. Hence, the paper critically assessed selected laws, code, practices and the essence of policy re-engineering to Nigeria’s oil and gas industry. Conclusions and contextual recommendations were also proffereden_US
dc.identifier.issn2146-4553
dc.identifier.urihttp://repository.elizadeuniversity.edu.ng/handle/20.500.12398/1194
dc.language.isoenen_US
dc.publisherInternational Journal of Energy Economics and Policyen_US
dc.subjectTransparency,en_US
dc.subjectOil and Gas,en_US
dc.subjectLaw,en_US
dc.subjectPolicy,en_US
dc.subjectRe-engineering,en_US
dc.subjectNigeriaen_US
dc.titleTransparency in Nigeria’s Oil and Gas Industry: Is Policy Re-engineering the Way Out?en_US
dc.typeArticleen_US
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