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Reform in a Limbo: The Politics and Politicization of Reforms in Nigeria s Petroleum Sector

Author

Listed:
  • Agaptus Nwozor

    (Department of Political Science and International Relations, Landmark University, Omu-Aran, Kwara State, Nigeria,)

  • John Shola Olanrewaju

    (Department of Political Science and International Relations, Landmark University, Omu-Aran, Kwara State, Nigeria,)

  • Solomon Adebayo Adedire

    (Department of Political Science and International Relations, Landmark University, Omu-Aran, Kwara State, Nigeria,)

  • Ejalonibu Ebenezer Lawal

    (Department of Political Science, Federal University, Lokoja, Nigeria.)

Abstract

Nigeria has been on a long-winding journey to reform its petroleum sector with no end in sight. The first version of the reform bill, the petroleum industry bill (PIB) was sent to the National Assembly in 2008. The sustained opposition to the PIB from both indigenous and international oil companies as well as other stakeholders led to the decision, in 2016, to balkanize it into four bills, with each bill focusing on an aspect of the reform. The first of the tripartite bills, the petroleum industry governance bill (PIGB) was passed by both chambers of Nigeria s National Assembly and transmitted to the president for assent. The president declined assent, thus deepening the uncertainty that characterizes the sector. Drawing data from primary and secondary sources, the paper evaluates the trajectory of Nigeria s petroleum sector reform, including the long delay and its impact on the sector. It finds that the delay in passing the reform bills has negatively rubbed off on the country as it has stymied growth and closed off new investments. The paper advocates the depoliticization of the reform agenda in order to reposition the country s petroleum sector for national development.

Suggested Citation

  • Agaptus Nwozor & John Shola Olanrewaju & Solomon Adebayo Adedire & Ejalonibu Ebenezer Lawal, 2020. "Reform in a Limbo: The Politics and Politicization of Reforms in Nigeria s Petroleum Sector," International Journal of Energy Economics and Policy, Econjournals, vol. 10(4), pages 184-193.
    • Handle: RePEc:eco:journ2:2020-04-23
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    References listed on IDEAS

    as
    1. Agaptus Nwozor & Jacob Audu & Joseph Ibrahim Adama, 2019. "The Political Economy of Hydrocarbon Pollution: Assessing Socio-Ecological Sustainability of Nigeria s Niger Delta Region," International Journal of Energy Economics and Policy, Econjournals, vol. 9(1), pages 7-14.
    2. Gboyega, Alex & Soreide, Tina & Le, Tuan Minh & Shukla, G. P., 2011. "Political economy of the petroleum sector in Nigeria," Policy Research Working Paper Series 5779, The World Bank.
    3. J. O. Olusi & M. A. Olagunju, 2005. "The Primary Sectors of the Economy and the Dutch Disease in Nigeria," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 44(2), pages 159-175.
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    Cited by:

    1. Nwozor, Agaptus & Oshewolo, Segun & Owoeye, Gbenga & Okidu, Onjefu, 2021. "Nigeria's quest for alternative clean energy development: A cobweb of opportunities, pitfalls and multiple dilemmas," Energy Policy, Elsevier, vol. 149(C).

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    More about this item

    Keywords

    Petroleum Sector Reform; Petroleum Industry Governance Bill; national development; Nigeria;
    All these keywords.

    JEL classification:

    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies
    • Q35 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Hydrocarbon Resources
    • Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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