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

Authors

  • Agaptus Nwozor Landmark University http://orcid.org/0000-0002-9782-6604
  • John Shola Olanrewaju Landmark University
  • Solomon Adebayo Adedire Landmark University
  • Ejalonibu Ebenezer Lawal Federal University, Lokoja

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.Keywords: Petroleum Sector Reform, Petroleum Industry Governance Bill, national development, NigeriaJEL Classifications: P28, P48, Q35, Q38, Q48DOI: https://doi.org/10.32479/ijeep.9085

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Author Biographies

Agaptus Nwozor, Landmark University

Senior Lecturer at the Department of Political Science and International Relations, Landmark University, Omu-Aran, Kwara State, Nigeria

John Shola Olanrewaju, Landmark University

Lecturer at the Department of Political Science and International Relations, Landmark University, Omu-Aran, Kwara State, Nigeria

Solomon Adebayo Adedire, Landmark University

Lecturer at the Department of Political Science and International Relations, Landmark University, Omu-Aran, Kwara State, Nigeria

Ejalonibu Ebenezer Lawal, Federal University, Lokoja

Senior Lecturer at the Department of Political Science, Federal University, Lokoja, Kogi State, Nigeria

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Published

2020-05-16

How to Cite

Nwozor, A., Olanrewaju, J. S., Adedire, S. A., & Lawal, E. E. (2020). Reform in a Limbo: The Politics and Politicization of Reforms in Nigeria’s Petroleum Sector. International Journal of Energy Economics and Policy, 10(4), 184–193. Retrieved from https://econjournals.net.tr/index.php/ijeep/article/view/9085

Issue

Vol. 10 No. 4 (2020)

Section

Articles

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