Reversing the 'Resource Curse' Phenomenon in Nigeria: An Assessment of the Nigeria Extractive Industries Transparency Initiative Act After a Decade
Abstract Natural resources endowment is a blessing to the endowed states due to their catalytic development-driving potential. The exploitation of the endowment should result in rapid socio-economic development. However, for most developing states, the blessing of these natural resources strangely t...
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| Veröffentlicht in: | African journal of legal studies 2017-12, Vol.10 (2-3), p.141-162 |
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| container_title | African journal of legal studies |
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| creator | Ojukwu-Ogba, Nelson Osode, Patrick |
| description | Abstract
Natural resources endowment is a blessing to the endowed states due to their catalytic development-driving potential. The exploitation of the endowment should result in rapid socio-economic development. However, for most developing states, the blessing of these natural resources strangely tends to turn disadvantageous; a phenomenon that has been distinctly identified in the literature as 'the resource curse'. This paper examines that phenomenon, using Nigeria as a case study given the serious environmental, political and socio-economic challenges occasioned by the country's exploitation of its oil and gas endowment. The paper particularly considers the impact of the statutory intervention in Nigeria to reverse the trend through the instrumentality of the Nigeria Extractive Industries Transparency Initiative Act (NEITI Act) 2007. The paper further explores what could be the most effective means of containing the said problems in light of their implications for the future of the country and its people. |
| doi_str_mv | 10.1163/17087384-12340019 |
| format | Article |
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Natural resources endowment is a blessing to the endowed states due to their catalytic development-driving potential. The exploitation of the endowment should result in rapid socio-economic development. However, for most developing states, the blessing of these natural resources strangely tends to turn disadvantageous; a phenomenon that has been distinctly identified in the literature as 'the resource curse'. This paper examines that phenomenon, using Nigeria as a case study given the serious environmental, political and socio-economic challenges occasioned by the country's exploitation of its oil and gas endowment. The paper particularly considers the impact of the statutory intervention in Nigeria to reverse the trend through the instrumentality of the Nigeria Extractive Industries Transparency Initiative Act (NEITI Act) 2007. The paper further explores what could be the most effective means of containing the said problems in light of their implications for the future of the country and its people.</description><identifier>ISSN: 2210-9730</identifier><identifier>EISSN: 1708-7384</identifier><identifier>DOI: 10.1163/17087384-12340019</identifier><language>eng</language><publisher>Leiden | Boston: Brill | Nijhoff</publisher><subject>Developing countries ; Exploitation ; Gases ; Impact factors ; LDCs ; Mining industry ; Natural resources ; Oil ; Petroleum ; Politics ; Socioeconomic development ; Socioeconomic factors ; Transparency</subject><ispartof>African journal of legal studies, 2017-12, Vol.10 (2-3), p.141-162</ispartof><rights>Copyright 2018 by Koninklijke Brill NV, Leiden, The Netherlands</rights><rights>Copyright Africa Law Institute Dec 2017</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-b313t-2706c775c2ed2f4bb6020886541f0b96d95cfb4db56d7559375a0a752ecd06013</citedby></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>314,780,784,27924,27925</link.rule.ids></links><search><creatorcontrib>Ojukwu-Ogba, Nelson</creatorcontrib><creatorcontrib>Osode, Patrick</creatorcontrib><title>Reversing the 'Resource Curse' Phenomenon in Nigeria: An Assessment of the Nigeria Extractive Industries Transparency Initiative Act After a Decade</title><title>African journal of legal studies</title><description>Abstract
Natural resources endowment is a blessing to the endowed states due to their catalytic development-driving potential. The exploitation of the endowment should result in rapid socio-economic development. However, for most developing states, the blessing of these natural resources strangely tends to turn disadvantageous; a phenomenon that has been distinctly identified in the literature as 'the resource curse'. This paper examines that phenomenon, using Nigeria as a case study given the serious environmental, political and socio-economic challenges occasioned by the country's exploitation of its oil and gas endowment. The paper particularly considers the impact of the statutory intervention in Nigeria to reverse the trend through the instrumentality of the Nigeria Extractive Industries Transparency Initiative Act (NEITI Act) 2007. The paper further explores what could be the most effective means of containing the said problems in light of their implications for the future of the country and its people.</description><subject>Developing countries</subject><subject>Exploitation</subject><subject>Gases</subject><subject>Impact factors</subject><subject>LDCs</subject><subject>Mining industry</subject><subject>Natural resources</subject><subject>Oil</subject><subject>Petroleum</subject><subject>Politics</subject><subject>Socioeconomic development</subject><subject>Socioeconomic factors</subject><subject>Transparency</subject><issn>2210-9730</issn><issn>1708-7384</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2017</creationdate><recordtype>article</recordtype><recordid>eNp1UM1KAzEQDqJg_XkAbwEPPa1Okt1k19tSqxaKStHzks3OaqRma5KKfQ5f2K1t8eRhGPj-hvkIOWNwwZgUl0xBrkSeJoyLFIAVe2SwxpI1uE8GnDNICiXgkByF8AaQslSIAfme4Sf6YN0Lja9IhzMM3dIbpKOlDzikj6_ouvd-HLWO3tsX9FZf0dLRMgQMoaci7dpf85al46_otYn2E-nENcsQvcVAn7x2YaE9OrPqcRut_pWUJtKyjeipptdodIMn5KDV84Cn231Mnm_GT6O7ZPpwOxmV06QWTMSEK5BGqcxwbHib1rUEDnkus5S1UBeyKTLT1mlTZ7JRWVYIlWnQKuNoGpDAxDE53-QufPexxBCrt_5315-sOJOMqwJk0avYRmV8F4LHtlp4-679qmJQrbuvdt1Xu-57z-XGU3s7n__F_u_4AUZchNU</recordid><startdate>20171201</startdate><enddate>20171201</enddate><creator>Ojukwu-Ogba, Nelson</creator><creator>Osode, Patrick</creator><general>Brill | Nijhoff</general><general>Africa Law Institute</general><scope>AAYXX</scope><scope>CITATION</scope><scope>4T-</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope></search><sort><creationdate>20171201</creationdate><title>Reversing the 'Resource Curse' Phenomenon in Nigeria: An Assessment of the Nigeria Extractive Industries Transparency Initiative Act After a Decade</title><author>Ojukwu-Ogba, Nelson ; Osode, Patrick</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-b313t-2706c775c2ed2f4bb6020886541f0b96d95cfb4db56d7559375a0a752ecd06013</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2017</creationdate><topic>Developing countries</topic><topic>Exploitation</topic><topic>Gases</topic><topic>Impact factors</topic><topic>LDCs</topic><topic>Mining industry</topic><topic>Natural resources</topic><topic>Oil</topic><topic>Petroleum</topic><topic>Politics</topic><topic>Socioeconomic development</topic><topic>Socioeconomic factors</topic><topic>Transparency</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Ojukwu-Ogba, Nelson</creatorcontrib><creatorcontrib>Osode, Patrick</creatorcontrib><collection>CrossRef</collection><collection>Docstoc</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>African journal of legal studies</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Ojukwu-Ogba, Nelson</au><au>Osode, Patrick</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Reversing the 'Resource Curse' Phenomenon in Nigeria: An Assessment of the Nigeria Extractive Industries Transparency Initiative Act After a Decade</atitle><jtitle>African journal of legal studies</jtitle><date>2017-12-01</date><risdate>2017</risdate><volume>10</volume><issue>2-3</issue><spage>141</spage><epage>162</epage><pages>141-162</pages><issn>2210-9730</issn><eissn>1708-7384</eissn><abstract>Abstract
Natural resources endowment is a blessing to the endowed states due to their catalytic development-driving potential. The exploitation of the endowment should result in rapid socio-economic development. However, for most developing states, the blessing of these natural resources strangely tends to turn disadvantageous; a phenomenon that has been distinctly identified in the literature as 'the resource curse'. This paper examines that phenomenon, using Nigeria as a case study given the serious environmental, political and socio-economic challenges occasioned by the country's exploitation of its oil and gas endowment. The paper particularly considers the impact of the statutory intervention in Nigeria to reverse the trend through the instrumentality of the Nigeria Extractive Industries Transparency Initiative Act (NEITI Act) 2007. The paper further explores what could be the most effective means of containing the said problems in light of their implications for the future of the country and its people.</abstract><cop>Leiden | Boston</cop><pub>Brill | Nijhoff</pub><doi>10.1163/17087384-12340019</doi><tpages>22</tpages></addata></record> |
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| ispartof | African journal of legal studies, 2017-12, Vol.10 (2-3), p.141-162 |
| issn | 2210-9730 1708-7384 |
| language | eng |
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| source | EZB-FREE-00999 freely available EZB journals; HeinOnline Law Journal Library; Alma/SFX Local Collection |
| subjects | Developing countries Exploitation Gases Impact factors LDCs Mining industry Natural resources Oil Petroleum Politics Socioeconomic development Socioeconomic factors Transparency |
| title | Reversing the 'Resource Curse' Phenomenon in Nigeria: An Assessment of the Nigeria Extractive Industries Transparency Initiative Act After a Decade |
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