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

Agaptus Nwozor, John Shola Olanrewaju, Solomon Adebayo Adedire and Ejalonibu Ebenezer Lawal
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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.

International Journal of Energy Economics and Policy, 2020, vol. 10, issue 4, 184-193

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; Nigeria (search for similar items in EconPapers)
JEL-codes: P28 P48 Q35 Q38 Q48 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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