Refining Nigeria’s Oil Sector: Legal Reforms and the Path to Increased Domestic Production
Nigeria, Africa’s top oil producer, faces a paradox: vast crude reserves yet limited domestic refining, highlighting a major imbalance in its energy sector.
Nigeria, Africa’s top oil producer, faces a paradox: vast crude reserves yet limited domestic refining, highlighting a major imbalance in its energy sector.
Olisa Agbakoba Legal played a key role in the National Policy on Arbitration and Alternative Dispute Resolution 2023 which aims to establish fundamental principles to guide the Federal and State government’s participation in arbitration references, and position Nigeria as an attractive arbitration hub for domestic, regional, and international commercial arbitration whilst protecting national interest. The…
Nigeria’s current oil & gas governance system harms its sovereignty and economy. Adopting a Development Oil approach can better serve national interests.
The Development Oil approach can address Nigeria’s revenue and forex issues, transforming its oil and gas sector into an economic growth engine.
Explore how Nigeria’s oil and gas governance impacts economic stability and development, emphasizing fiscal policy, transparency, and accountability.
The paradox of Nigeria’s oil and gas industry lies in its vast potential juxtaposed against the limited benefits accruing to the nation and its people.
Transforming Nigeria’s oil and gas governance is crucial to making it a powerful engine for national development rather than just a revenue source.
Barbara Tuchman reveals how wooden-headedness and preconceived notions lead to failed policies, with historical examples highlighting the importance of enlightened self-interest and wise counsel for national progress.”
Strategies to Unlock Non-Tax Revenues in Nigeria: Nigeria confronts significant revenue difficulties, notably evidenced by the N10.78 trillion budget deficit for 2023. To cover this deficit, the Federal Government plans to primarily rely on fresh borrowings amounting to N8.80 trillion.
The tension around the call for an interim government is that the presidential election petition may not conclude before the inauguration of a new president on May 29, 2023. But it’s very possible to conclude these petitions, provided that the court systems are very proactive. Under Arbitration matters, procedural orders and or directions issue peremptorily…