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| Author | : John Udeh |
| Publisher | : |
| Total Pages | : 232 |
| Release | : 2005 |
| Genre | : International business enterprises |
| ISBN | : 9789780494971 |
| Author | : Silvana Tordo |
| Publisher | : World Bank Publications |
| Total Pages | : 197 |
| Release | : 2013-07-22 |
| Genre | : Business & Economics |
| ISBN | : 0821399349 |
A number of countries have recently discovered and are developing oil and gas reserves. Policy makers in such countries are anxious to obtain the greatest benefits for their economies from the extraction of these exhaustible resources by designing appropriate policies to achieve desired goals. One important theme of such policies is the so-called local content created by the sector—the extent to which the output of the extractive industry sector generates further benefits to the economy beyond the direct contribution of its value-added, through its links to other sectors. While local content policies have the potential to stimulate broad-based economic development, their application in petroleum-rich countries has achieved mixed results. This paper describes the policies and practices meant to foster the development of economic linkages from the petroleum sector, as adopted by a number of petroleum-producing countries both in and outside the Organisation for Economic Co-operation and Development. Examples of policy objectives, implementation tools, and reporting metrics are provided to derive lessons of wider applicability. The paper presents various conclusions for policy makers about the design of local content policies.
| Author | : Toyin Falola |
| Publisher | : Cambridge University Press |
| Total Pages | : 691 |
| Release | : 2021-06-24 |
| Genre | : Political Science |
| ISBN | : 1108837972 |
An introduction to the politics and society of post-colonial Nigeria, highlighting the key themes of ethnicity, democracy, and development.
| Author | : Damilola S. Olawuyi |
| Publisher | : Cambridge University Press |
| Total Pages | : 451 |
| Release | : 2021-03-04 |
| Genre | : Business & Economics |
| ISBN | : 1108495370 |
Examines critical links between local content requirements and the application of sustainable development treaties in global energy markets.
| Author | : Todd Moss |
| Publisher | : CGD Books |
| Total Pages | : 190 |
| Release | : 2015-06-10 |
| Genre | : Business & Economics |
| ISBN | : 1933286695 |
Oil to Cash explores one option to help countries with new oil revenue avoid the so-called resource curse: just give the money directly to citizens. A universal, transparent, and regular cash transfer would not only provide a concrete benefit to regular people, but would also create powerful incentives for citizens to hold their government accountable. Oil to Cash details how and where this idea could work and how policymakers can learn from the experiences with cash transfers in places like Mexico, Mongolia, and Alaska.
| Author | : Adeoye O. Akinola |
| Publisher | : Springer |
| Total Pages | : 333 |
| Release | : 2018-01-26 |
| Genre | : History |
| ISBN | : 3319701843 |
The Nigerian state has been oil-rich for decades, and yet perennially incapable of converting its oil resources into wealth for ordinary Nigerians. Adeoye O. Akinola tackles this “vexed” oil question by examining the political economy of efforts to deregulate the Nigerian downstream oil industry. Focusing on themes of globalization and democratization, this book considers how a resource-rich developing country like Nigeria can exploit the opportunities of globalization and navigate the pressures of democratization and the challenges of liberalization. Pairing sophisticated theoretical frameworks with firsthand accounts from actors in the oil industry, this book identifies the root causes of Nigeria’s development struggles and offers practical policy solutions for successfully deregulating the oil sector. For public officials and policymakers as well as researchers, this book offers a critical new lens on the future of natural resource management in Nigeria and the Global South.
| Author | : Silvana Tordo |
| Publisher | : World Bank Publications |
| Total Pages | : 149 |
| Release | : 2011-07-13 |
| Genre | : Business & Economics |
| ISBN | : 0821388312 |
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?
| Author | : Mr.Arvind Subramanian |
| Publisher | : International Monetary Fund |
| Total Pages | : 47 |
| Release | : 2003-07-01 |
| Genre | : Nature |
| ISBN | : 1451856067 |
Some natural resources-oil and minerals in particular-exert a negative and nonlinear impact on growth via their deleterious impact on institutional quality. We show this result to be very robust. The Nigerian experience provides telling confirmation of this aspect of natural resources. Waste and poor institutional quality stemming from oil appear to have been primarily responsible for Nigeria's poor long-run economic performance. We propose a solution for addressing this resource curse which involves directly distributing the oil revenues to the public. Even with all the difficulties that will no doubt plague its actual implementation, our proposal will, at the least, be vastly superior to the status quo. At best, however, it could fundamentally improve the quality of public institutions and, as a result, durably raise long-run growth performance.
| Author | : Ngozi Okonjo-Iweala |
| Publisher | : MIT Press |
| Total Pages | : 211 |
| Release | : 2014-08-29 |
| Genre | : Business & Economics |
| ISBN | : 0262526875 |
A report on development economics in action, by a crucial player in Nigeria's recent reforms. Corrupt, mismanaged, and seemingly hopeless: that's how the international community viewed Nigeria in the early 2000s. Then Nigeria implemented a sweeping set of economic and political changes and began to reform the unreformable. This book tells the story of how a dedicated and politically committed team of reformers set out to fix a series of broken institutions, and in the process repositioned Nigeria's economy in ways that helped create a more diversified springboard for steadier long-term growth. The author, Harvard- and MIT-trained economist Ngozi Okonjo-Iweala, currently Nigeria's Coordinating Minister for the Economy and Minister of Finance and formerly Managing Director of the World Bank, played a crucial part in her country's economic reforms. In Nigeria's Debt Management Office, and later as Minister of Finance, she spearheaded negotiations with the Paris Club that led to the wiping out of $30 billion of Nigeria's external debt, 60 percent of which was outright cancellation. Reforming the Unreformable offers an insider's view of those debt negotiations; it also details the fight against corruption and the struggle to implement a series of macroeconomic and structural reforms. This story of development economics in action, written from the front lines of economic reform in Africa, offers a unique perspective on the complex and uncertain global economic environment.
| Author | : Soala Ariweriokuma |
| Publisher | : Routledge |
| Total Pages | : 385 |
| Release | : 2008-10-22 |
| Genre | : Business & Economics |
| ISBN | : 113403959X |
This book provides a thoroughly researched guide to the Nigerian Oil and Gas Industry, providing students, potential investors, academics and policy makers the opportunity to get acquainted with various dimensions of the oil and gas industry.
