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The Impact of the Petroleum Industry Act on Corporate Social Responsibility and Taxation in Nigeria’s Upstream Oil and Gas Sector: A Path towards Sustainable Development

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  • Haruna Isallah

    (Centre for Energy, Petroleum and Mineral Law and Policy, School of Humanities, Social Sciences and Law, Energy, Environment and Society, Main Campus, University of Dundee, Dundee DD3 6NF, UK)

Abstract

Nigeria’s upstream oil and gas sector is extensively contributing to the economic growth of the country, but the sector is plagued with challenges around corporate social responsibility (CSR) and taxation practices. The Petroleum Industry Act (PIA) was introduced to tackle these challenges towards promoting sustainable development in Nigeria. The aim of this study is to explore the PIA’s provisions on CSR and taxation, identify the Act’s implementation challenges and improvement opportunities, propose an integrated framework for monitoring and evaluating the PIA’s impact on CSR and taxation over time, and recommend measures for enhancing the PIA’s impact on CSR and taxation support for sustainable development in Nigeria’s upstream oil and gas sector. This study adopts the qualitative desk review method to analyse the existent literature, reports, and documents regarding the PIA’s provisions on CSR and taxation. The findings reveal that the PIA’s provisions greatly emphasize CSR initiatives and taxation transparency in improving responsible ethical business behaviour. An integrated framework for monitoring and evaluating the PIA’s impact over time is developed. This study concludes that the PIA’s provisions can balance CSR and taxation practices for sustainable development. The study’s recommendations include using the integrated framework as a structured strategy for monitoring and evaluating the PIA’s impact. This study contributes to the discussion on the imperatives of ethical business practices and regulatory frameworks for sustainable development drive in the oil and gas sector.

Suggested Citation

  • Haruna Isallah, 2023. "The Impact of the Petroleum Industry Act on Corporate Social Responsibility and Taxation in Nigeria’s Upstream Oil and Gas Sector: A Path towards Sustainable Development," Sustainability, MDPI, vol. 15(21), pages 1-30, November.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:21:p:15538-:d:1272590
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    References listed on IDEAS

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    1. Peter Ansu-Mensah & Kojo Kakra Twum & Gloria Kakrabah-Quarshie Agyapong & Richard Kwame Nimako, 2023. "CSR and Community Development: A Focus on Firms in the Extractive Sector in Africa," CSR, Sustainability, Ethics & Governance, in: Steven Kayambazinthu Msosa & Shame Mugova & Courage Mlambo (ed.), Corporate Social Responsibility in Developing Countries, pages 65-81, Springer.
    2. Steven Kayambazinthu Msosa & Shame Mugova, 2023. "Corporate Social Responsibility Challenges in the Extractive Industry: An Introduction," CSR, Sustainability, Ethics & Governance, in: Steven Kayambazinthu Msosa & Shame Mugova & Courage Mlambo (ed.), Corporate Social Responsibility in Developing Countries, pages 1-14, Springer.
    3. Steven Kayambazinthu Msosa, 2023. "Corporate Social Responsibility During the COVID-19 Pandemic in the Extractive Sector," CSR, Sustainability, Ethics & Governance, in: Steven Kayambazinthu Msosa & Shame Mugova & Courage Mlambo (ed.), Corporate Social Responsibility in Developing Countries, pages 15-27, Springer.
    4. Amlan Haque, 2023. "CSR Through Responsible Leadership for Sustainable Community Development: A Developing Nation Perspective," CSR, Sustainability, Ethics & Governance, in: Steven Kayambazinthu Msosa & Shame Mugova & Courage Mlambo (ed.), Corporate Social Responsibility in Developing Countries, pages 29-45, Springer.
    5. Onyeka Nwoha, 2023. "Whistleblowing Measures and Its Implications in the Nigerian Extractive Industry," CSR, Sustainability, Ethics & Governance, in: Steven Kayambazinthu Msosa & Shame Mugova & Courage Mlambo (ed.), Corporate Social Responsibility in Developing Countries, pages 175-189, Springer.
    6. Eghosa O. Ekhator & Ibukun Iyiola-Omisore, 2021. "Corporate Social Responsibility in the Oil and Gas Industry in Nigeria: The Case for a Legalised Framework," CSR, Sustainability, Ethics & Governance, in: Eduardo G. Pereira & Rochelle Spencer & Jonathon W. Moses (ed.), Sovereign Wealth Funds, Local Content Policies and CSR, pages 439-458, Springer.
    7. Halimatu Muhammad Bande, 2023. "Extending the Frontier of Agitations: Corporate Social Responsibility and Resource Control in Nigeria," CSR, Sustainability, Ethics & Governance, in: Steven Kayambazinthu Msosa & Shame Mugova & Courage Mlambo (ed.), Corporate Social Responsibility in Developing Countries, pages 223-236, Springer.
    8. Tessa Reddy & Stanley Chibuzor Onwubu, 2023. "Leveraging 4IR Technologies as a Corporate Social Responsibility to Reduce Environmental Impact in the Extractive Industry," CSR, Sustainability, Ethics & Governance, in: Steven Kayambazinthu Msosa & Shame Mugova & Courage Mlambo (ed.), Corporate Social Responsibility in Developing Countries, pages 47-64, Springer.
    9. Wasiu Abiodun Makinde, 2023. "Corporate Social Responsibility in the Extractive Industries in Nigeria: The Role of Public Administrators," CSR, Sustainability, Ethics & Governance, in: Steven Kayambazinthu Msosa & Shame Mugova & Courage Mlambo (ed.), Corporate Social Responsibility in Developing Countries, pages 237-253, Springer.
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