Transparency And Good Governance In The Oil Sector The Nigeria Perspective

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Transparency and Good Governance in the Oil Sector: The Nigeria Perspective

Author : Azeez Abdulkareem
Publisher : LAP Lambert Academic Publishing
ISBN 13 : 9783659813108
Total Pages : 136 pages
Book Rating : 4.8/5 (131 download)

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Book Synopsis Transparency and Good Governance in the Oil Sector: The Nigeria Perspective by : Azeez Abdulkareem

Download or read book Transparency and Good Governance in the Oil Sector: The Nigeria Perspective written by Azeez Abdulkareem and published by LAP Lambert Academic Publishing. This book was released on 2015-12-04 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: The upstream oil industry is the single most important sector in the country's economy, providing over 90% of its total exports. However, Nigeria's economy is struggling to leverage the country's vast wealth in fossil fuels in order to displace the crushing poverty that affects majority of its population. Too often, revenues do not get published; payments made to government remain secret; the pre-qualification of award of licenses are said to be fraught with irregularities and secrecy under the guise of Official Secret legislation. Similarly, inadequate financial statement make it easy to disguise corrupt deals and impossible for any interested stakeholder to monitor the royalties, taxes and fees being paid. This has led to the pertinent question of the level of transparency with regards to Nigeria's production information, local consumption figures, the procedure for award of contracts, licenses, how remittances to the national treasury and proceeds are utilized. This book is an attempt to review the transparency issues in the Nigeria upstream oil and gas sector in relation to the existing legal framework with specific emphasis on the need to pass the Petroleum Industry Bill.

Political Economy of the Petroleum Sector in Nigeria

Author : Alex Gboyega
Publisher :
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Political Economy of the Petroleum Sector in Nigeria by : Alex Gboyega

Download or read book Political Economy of the Petroleum Sector in Nigeria written by Alex Gboyega and published by . This book was released on 2017 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: The relatively slow pace of Nigeria's development has often been attributed to the phenomenon of the resource curse whereby the nature of the state as a "rentier" dilutes accountability for development and political actors are able to manipulate institutions to sustain poor governance. The impact of the political elite's resource-control and allocation of revenues on core democratic mechanisms is central to understand the obstacles to development and governance failure. Given that problems of petroleum sector governance are extremely entrenched in Nigeria, the key question is whether and how it is possible to get out of a poor equilibrium after fifty years of oil production. This paper uses a political economy perspective to analyze the governance weaknesses along the petroleum sector value chain and attempts to establish the links between challenges in sector regulation and the following major political and economic attributes: (i) strong executive control on petroleum governance in a political environment of weak checks and balances; (ii) regulatory and operating roles bundled into one institution, thereby creating conflict of interest; and (iii) manipulation of elections and political appointments. The restoration of democratic government has helped improve transparency and management of oil revenue and reforms at the federal level and proposed reforms of the petroleum sector hold much promise. At the same time, the judiciary has started to restore confidence that it will serve as a check and balance on the executive and the electoral process. Yet, these reforms are fragile and need to be deepened and institutionalized. They must be addressed not as purely technocratic matters but as issues of political economy and vested interests that must, through regulation and reform, be aligned with the public interest and a vision of Nigerian development.

Transparency in Government Operations

Author : Mr.J. D. Craig
Publisher : International Monetary Fund
ISBN 13 : 155775697X
Total Pages : 50 pages
Book Rating : 4.5/5 (577 download)

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Book Synopsis Transparency in Government Operations by : Mr.J. D. Craig

Download or read book Transparency in Government Operations written by Mr.J. D. Craig and published by International Monetary Fund. This book was released on 1998-02-03 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transparency in government operations is widely regarded as an important precondition for macroeconomic fiscal sustainability, good governance, and overall fiscal rectitude. Notably, the Interim Committee, at its April and September 1996 meetings, stressed the need for greater fiscal transparency. Prompted by these concerns, this paper represents a first attempt to address many of the aspects of transparency in government operations. It provides an overview of major issues in fiscal transparency and examines the IMF's role in promoting transparency in government operations.

Is Transparency and Sustainablilty Achievable in the Petroleum Sector?

Author : Ijeomah Belynda Obi
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (111 download)

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Book Synopsis Is Transparency and Sustainablilty Achievable in the Petroleum Sector? by : Ijeomah Belynda Obi

Download or read book Is Transparency and Sustainablilty Achievable in the Petroleum Sector? written by Ijeomah Belynda Obi and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability

Author : Beate Sjåfjell
Publisher : Cambridge University Press
ISBN 13 : 9781108473293
Total Pages : 758 pages
Book Rating : 4.4/5 (732 download)

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Book Synopsis The Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability by : Beate Sjåfjell

Download or read book The Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability written by Beate Sjåfjell and published by Cambridge University Press. This book was released on 2019-12-12 with total page 758 pages. Available in PDF, EPUB and Kindle. Book excerpt: The emerging field of corporate law, corporate governance and sustainability is one of the most dynamic and significant areas of law and policy in light of the convergence of environmental, social and economic crises that we face as a global society. Understanding the impact of the corporation on society and realizing its potential for contributing to sustainability is vital for the future of humanity. This Handbook comprehensively assesses the state-of-the-art in this field through in-depth discussion of sustainability-related problems, numerous case studies on regulatory responses implemented by jurisdictions around the world, and analyses of predominant strategies and potential drivers of change. This Handbook will be an essential reference for scholars, students, practitioners, policymakers, and general readers interested in how corporate law and governance have exacerbated global society's most pressing challenges, and how reforms to these fields can help us resolve those challenges and achieve sustainability.

Good Governance in Nigeria

Author : Portia Roelofs
Publisher :
ISBN 13 : 9781009235440
Total Pages : 0 pages
Book Rating : 4.2/5 (354 download)

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Book Synopsis Good Governance in Nigeria by : Portia Roelofs

Download or read book Good Governance in Nigeria written by Portia Roelofs and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Drawing on original fieldwork in Nigeria, Portia Roelofs argues for an innovative re-conceptualisation of good governance. Contributing to debates around technocracy, populism and the survival of democracy amidst conditions of inequality and mistrust, Roelofs offers a new account of what it means for leaders to be accountable and transparent. Centred on the rise of the 'Lagos Model' in the Yoruba southwest, this book places the voices of roadside traders and small-time market leaders alongside those of local government officials, political godfathers and technocrats. In doing so, it theorises 'socially-embedded' good governance. Roelofs demonstrates the value of fieldwork for political theory and the associated possibilities for decolonising the study of politics. Challenging the long-held assumptions of the World Bank and other international institutions that African political systems are pathologically dysfunctional, Roelofs demonstrates that politics in Nigeria has much to teach us about good governance"--

The Price of Oil

Author : Bronwen Manby
Publisher : Human Rights Watch
ISBN 13 : 9781564322258
Total Pages : 230 pages
Book Rating : 4.3/5 (222 download)

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Book Synopsis The Price of Oil by : Bronwen Manby

Download or read book The Price of Oil written by Bronwen Manby and published by Human Rights Watch. This book was released on 1999 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: Attempts to Import Weapons

Transparency and Accountability in Africa's Extractive Industries

Author : Shari Bryan
Publisher :
ISBN 13 :
Total Pages : 114 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Transparency and Accountability in Africa's Extractive Industries by : Shari Bryan

Download or read book Transparency and Accountability in Africa's Extractive Industries written by Shari Bryan and published by . This book was released on 2007 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: While current efforts to increase transparency and accountability in the management of natural resources emphasize the roles and responsibilities of a broad range of actors, relatively little attention has been paid to the potential contribution of elected legislators. Yet, the three core functions of legislative bodies - representing constituent interests, making or shaping public policy, and overseeing policy implementation by executive branch agencies - are central to any effort in this area. This report is an effort to help elected political officials - particularly those in the legislative branch of government - serve as constructive leaders in improving the oversight and management of their countries' natural resources.

Oil Wealth and Development in Uganda and Beyond

Author : Arnim Langer
Publisher : Leuven University Press
ISBN 13 : 9462702004
Total Pages : 396 pages
Book Rating : 4.4/5 (627 download)

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Book Synopsis Oil Wealth and Development in Uganda and Beyond by : Arnim Langer

Download or read book Oil Wealth and Development in Uganda and Beyond written by Arnim Langer and published by Leuven University Press. This book was released on 2020-01-07 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: Multidisciplinary perspectives to governance of oil in African countries Large quantities of oil were discovered in the Albertine Rift Valley in Western Uganda in 2006. The sound management of these oil resources and revenues is undoubtedly one of the key public policy challenges for Uganda as it is for other African countries with large oil and/or gas endowments. With oil expected to start flowing in 2021, the current book analyses how this East African country is preparing for the challenge of effectively, efficiently, and transparently managing its oil sector and resources. Adopting a multidisciplinary, comprehensive, and comparative approach, the book identifies a broad scope of issues that need to be addressed in order for Uganda to realise the full potential of its oil wealth for national economic transformation. Predominantly grounded in local scholarship and including chapters drawing on the experiences of Nigeria, Ghana, and Kenya, the book blazes a trail on governance of African oil in an era of emerging producers. Oil Wealth and Development in Uganda and Beyond will be of great interest to social scientists and economic and social policy makers in oil-producing countries. It is suitable for course adoption across such disciplines as International/Global Affairs, Political Economy, Geography, Environmental Studies, Economics, Energy Studies, Development, Politics, Peace, Security and African Studies. Contributors: Badru Bukenya (Makerere University), Moses Isabirye (Busitema University), Wilson Bahati Kazi (Uganda Revenue Authority), Corti Paul Lakuma (Economic Policy Research Centre), Joseph Mawejje (Economic Policy Research Centre), Pamela Mbabazi (Uganda National Planning Authority), Martin Muhangi (independent researcher), Roberts Muriisa (Mbarara University of Science and Technology), Chris Byaruhanga Musiime (independent researcher), Germano Mwabu (University of Nairobi), Jackson A. Mwakali (Makerere University), Tom Owang (Mbarara University of Science and Technology), Joseph Oloka-Onyango (Makerere University), Peter Quartey (University of Ghana), Peter Wandera (Transparency International Uganda), Kathleen Brophy (Transparency International Uganda), Jaqueline Nakaiza (independent researcher), Babra Beyeza (independent researcher), Jackson Byaruhanga (Bank of Uganda), Emmanuel Abbey (University of Ghana).

Infrastructure Development in Nigeria

Author : Michael O. Onolememen
Publisher : Routledge
ISBN 13 : 1000026353
Total Pages : 158 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Infrastructure Development in Nigeria by : Michael O. Onolememen

Download or read book Infrastructure Development in Nigeria written by Michael O. Onolememen and published by Routledge. This book was released on 2020-01-22 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the politics and economics of infrastructure development in Nigeria from Independence in 1960 up to 2015, and the role of good governance in promoting the socioeconomic wellbeing of citizens. Arguing for the need for transformational leadership in infrastructure development, the chapters examine policy issues and survey the various administrative, economic, and social-political reforms that have impacted infrastructure development in Nigeria. The author also discusses current national development plans and Vision 20:2020; challenges to infrastructure development, including corruption; and the future potential of a strong infrastructure network for the economy and citizens. Drawing upon his experience within government departments, as well as existing models of leadership and governance, the author explores the role of infrastructure development in promoting the wellbeing and growth of Nigeria. Combining theory with practical examples of good governance, this book will be of interest for students and researchers of political science and infrastructure development in Africa.

Nigeria's Movement for Transparency and Accountability: Bringing the Pieces Together

Author : Samson Itodo
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (139 download)

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Book Synopsis Nigeria's Movement for Transparency and Accountability: Bringing the Pieces Together by : Samson Itodo

Download or read book Nigeria's Movement for Transparency and Accountability: Bringing the Pieces Together written by Samson Itodo and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Oil Wealth and Insurgency in Nigeria

Author : Omolade Adunbi
Publisher : Indiana University Press
ISBN 13 : 0253015782
Total Pages : 322 pages
Book Rating : 4.2/5 (53 download)

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Book Synopsis Oil Wealth and Insurgency in Nigeria by : Omolade Adunbi

Download or read book Oil Wealth and Insurgency in Nigeria written by Omolade Adunbi and published by Indiana University Press. This book was released on 2015-07-29 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: Omolade Adunbi investigates the myths behind competing claims to oil wealth in Nigeria's Niger Delta. Looking at ownership of natural resources, oil extraction practices, government control over oil resources, and discourse about oil, Adunbi shows how symbolic claims have created an "oil citizenship." He explores the ways NGOs, militant groups, and community organizers invoke an ancestral promise to defend land disputes, justify disruptive actions, or organize against oil corporations. Policies to control the abundant resources have increased contestations over wealth, transformed the relationship of people to their environment, and produced unique forms of power, governance, and belonging.

Oil Titans

Author : Valerie Marcel
Publisher : Brookings Institution Press
ISBN 13 : 9780815754725
Total Pages : 348 pages
Book Rating : 4.7/5 (547 download)

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Book Synopsis Oil Titans by : Valerie Marcel

Download or read book Oil Titans written by Valerie Marcel and published by Brookings Institution Press. This book was released on 2007-05-01 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Brookings Institution Press and Chatham House publication Ninety percent of the world's oil reserves are entrusted to state-owned companies. Originally created as political instruments, these so-called national oil companies (NOCs) face new demands amid today's dwindling oil reserves and simmering social pressures. Increasingly, state-owned oil firms—particularly in the Middle East—are having to balance the political demands of their governments with the need to be commercially competitive. In this ground-breaking new volume, Valerie Marcel draws on unprecedented access to the politicians, engineers; and businessmen directing five Middle Eastern state oil companies to shed light on one of the most secretive segments of the international oil industry. The author tells the stories of Saudi Aramco, Kuwait Petroleum Corp., the National Iranian Oil Co., Sonatrach of Algeria, and the Abu Dhabi National Oil Co.—oil titans which together produce one quarter of the world's oil and hold half of the world's known oil and gas reserves. Dr. Marcel explains the complex bond between each state and its oil company, tracing the relationship's evolution from the politically charged days of foreign concessions to today's world of profit-driven decisionmaking. Drawn from over 120 interviews with company executives, middle managers, and oil-ministry officials, the author identifies a number of surprising new trends in these companies' strategy, and she paints a picture of their nascent sense of corporate identity. The book provides rare, up-to-date insight into how state-owned companies are striking a balance between their national mission and their commercial needs. The book also provides an insider's guide to these companies' unique culture. Executives and researchers in the region—both inside and outside the oil industry—will find it a valuable tool for understanding business in the Middle East.

Nigeria

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
ISBN 13 : 1513568469
Total Pages : 65 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Nigeria by : International Monetary Fund. African Dept.

Download or read book Nigeria written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2021-02-08 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: Selected Issues

Anticorruption in Transition

Author :
Publisher : World Bank Publications
ISBN 13 : 9780821348024
Total Pages : 138 pages
Book Rating : 4.3/5 (48 download)

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Book Synopsis Anticorruption in Transition by :

Download or read book Anticorruption in Transition written by and published by World Bank Publications. This book was released on 2000-01-01 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the increasing recognition across the world of the damaging effects of corruption on economic growth and social stability. This report seeks to unpack the varied practices of corruption to identify and compare different patterns of the transition countries of Central and Eastern Europe, the Baltic states, and the Commonwealth of Independent States. It then draws out lessons for tailoring anticorruption strategies to address the variation across the region in an effort to target reforms more effectively. The report draws on many sources of ongoing research and lessons of experience, including the World Bank's work in this area. It is intended as a contribution to the growing policy dialogue on developing practical strategies for reducing corruption.

National Oil Companies and Value Creation

Author : Silvana Tordo
Publisher : World Bank Publications
ISBN 13 : 0821388312
Total Pages : 149 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis National Oil Companies and Value Creation by : Silvana Tordo

Download or read book National Oil Companies and Value Creation written by Silvana Tordo and published by World Bank Publications. This book was released on 2011-07-13 with total page 149 pages. Available in PDF, EPUB and Kindle. Book excerpt: National Oil Companies (NOCs) directly or indirectly control the majority of oil and gas reserves. As such, they are of great consequence to their country's economy, to importing countries' energy security, and to the stability of oil and gas markets. The paper analyzes the available evidence on the objectives, governance and performance of 20 NOCs from both net importing and net exporting countries, and draws conclusions about the design of policies and measures that are more likely to lead to social value creation. NOCs differ from private companies on a number of very important variables, including the level of competition in the market in which they operate, their business profile along the sector value chain, and their degree of commercial orientation and internationalization. Most share some core characteristics: they are usually tied to the 'national purpose' and serve political and economic goals other than maximizing the firm's profits. This paper introduces a conceptual model to analyze value creation by NOCs that takes into consideration their complex objective function. Our analysis aims to answer the following questions: Are certain corporate governance arrangements more suited than others to promote value creation? Is good geology a pre-condition for NOC value creation? Are there benefits from exposing the NOC to competition from private oil companies? Does the development of forward and backward linkages hamper NOC value creation?

Implementing EITI for Impact

Author : Anwar Ravat and Sridar P. Kannan
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 190 pages
Book Rating : 4./5 ( download)

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Book Synopsis Implementing EITI for Impact by : Anwar Ravat and Sridar P. Kannan

Download or read book Implementing EITI for Impact written by Anwar Ravat and Sridar P. Kannan and published by World Bank Publications. This book was released on 2012 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: Oil, natural gas, and mineral deposits (“Extractive Resources”) offer the potential to generate significant financial benefits and help countries fuel their economic growth and development, employment, business opportunities, and incomes, ultimately leading to a better life for the citizens of those countries through sustained poverty reduction and inclusive growth. Leveraging these Extractive Resources to attain such beneficial outcomes requires accountability and transparency in governance. The Extractive Industries Transparency Initiative (EITI) was launched in 2002 in an effort to improve public accountability of governments. It provides a pathway to better managed Extractive Resources that benefit the people of a country. EITI is a global standard designed to improve transparency in the sector by publication of reconciled payments by companies and revenues received by governments from oil, gas, and mining exploration and production operations. It helps to promote and support improved governance, especially in resource-rich countries. This handbook builds upon an earlier publication, “Implementing EITI: Applying Early Lessons from the Field” (Darby 2008), issued by the World Bank Oil, Gas and Mining unit (SEGOM) and the EITI Multi-donor Trust Fund. Using the Extractive Industries Value Chain as an analytical tool, this handbook holistically analyzes the importance of EITI to domestic economies, governance structures, and local populations, and suggests measures to leverage its potential to ensure inclusive growth and sustainable development. The basic purpose of this handbook is to provide: • Guidance to stakeholders (including policymakers, industry, and civil society) in countries currently implementing, or seeking to implement, EITI; • Guidance on the measures required to launch and implement EITI successfully; and • Guidance to EITI implementing countries in “mainstreaming” EITI into the good-governance agenda by recommending global good-fit practices that build on the EITI standards and practices. EITI stakeholders and implementing countries will benefit greatly from this handbook