Abstract

The endemic nature of corruption remains at the centre of discourses on economic development and good governance in Nigeria. While rich in oil resources, Nigeria has failed to transform its oil wealth into good governance due to poor oil management and unsuccessful oil reform, engendering contradictions that have worsened the economic status of the Nigerian citizenry. This article assesses the manifestation of corruption in the Nigerian downstream oil sector and explores stakeholders’ roles in oil corruption. The study reveals that oil reform and successive price increases are instruments for the proliferation of oil corruption. Therefore, corruption remains the most decisive impediment to effective reform and good governance in Nigeria.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.