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Corruption vulnerabilities in local content policies in the extractive sector: An examination of the Nigerian Oil and Gas Industry Content Development Act, 2010

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  • Nwapi, Chilenye

Abstract

There is hitherto limited scholarship on the risks of corruption in local content policies in the extractive sector throughout the world. Yet, the concern that corruption might rear its head in local content policies in the extractive sector, particularly in developing countries where regulatory mechanisms are weak, has been raised. This paper seeks to contribute to the scholarship by examining the Nigerian Oil and Gas Industry Content Development Act (2010) with a view to identifying the points of corruption vulnerability in the Act. The paper argues that the Act contains four points of corruption vulnerability related to the following: conflict of interest, broad discretionary power and the likelihood of political influence as well as influence by oil and gas companies, the murkiness of the oil and gas contract system in Nigeria, and the potential of the Act to serve as an engine of facilitation payments.

Suggested Citation

  • Nwapi, Chilenye, 2015. "Corruption vulnerabilities in local content policies in the extractive sector: An examination of the Nigerian Oil and Gas Industry Content Development Act, 2010," Resources Policy, Elsevier, vol. 46(P2), pages 92-96.
    • Handle: RePEc:eee:jrpoli:v:46:y:2015:i:p2:p:92-96
    DOI: 10.1016/j.resourpol.2015.09.001
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    References listed on IDEAS

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    1. Theodore H. Moran, 2006. "How Multinational Investors Evade Developed Country Laws," Working Papers 79, Center for Global Development.
    2. Lawrence Asekome Atsegbua, 2012. "The Nigerian Oil and Gas Industry Content Development Act 2010: an examination of its regulatory framework," OPEC Energy Review, Organization of the Petroleum Exporting Countries, vol. 36(4), pages 479-494, December.
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    Cited by:

    1. Issabayev, Murat & Pelzman, Joseph, 2019. "A model of FDI spillover in a natural resource rich LDC," Resources Policy, Elsevier, vol. 64(C).
    2. Olle Östensson, 2017. "Local content, supply chains, and shared infrastructure," WIDER Working Paper Series 096, World Institute for Development Economic Research (UNU-WIDER).
    3. Olle Östensson, 2017. "Local content, supply chains, and shared infrastructure," WIDER Working Paper Series wp-2017-96, World Institute for Development Economic Research (UNU-WIDER).
    4. Macatangay, Rafael Emmanuel “Manny”, 2016. "Optimal local content requirement policies for extractive industries," Resources Policy, Elsevier, vol. 50(C), pages 244-252.
    5. Wilhelm, Cindy & Maconachie, Roy, 2021. "Exploring local content in Guinea's bauxite sector: Obstacles, opportunities and future trajectories," Resources Policy, Elsevier, vol. 71(C).
    6. Kalyuzhnova, Yelena & Belitski, Maksim, 2019. "The impact of corruption and local content policy in on firm performance: Evidence from Kazakhstan," Resources Policy, Elsevier, vol. 61(C), pages 67-76.

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