IDEAS home Printed from https://ideas.repec.org/a/eee/jrpoli/v46y2015ip2p92-96.html
   My bibliography  Save this article

Corruption vulnerabilities in local content policies in the extractive sector: An examination of the Nigerian Oil and Gas Industry Content Development Act, 2010

Author

Listed:
  • Nwapi, Chilenye

Abstract

There is hitherto limited scholarship on the risks of corruption in local content policies in the extractive sector throughout the world. Yet, the concern that corruption might rear its head in local content policies in the extractive sector, particularly in developing countries where regulatory mechanisms are weak, has been raised. This paper seeks to contribute to the scholarship by examining the Nigerian Oil and Gas Industry Content Development Act (2010) with a view to identifying the points of corruption vulnerability in the Act. The paper argues that the Act contains four points of corruption vulnerability related to the following: conflict of interest, broad discretionary power and the likelihood of political influence as well as influence by oil and gas companies, the murkiness of the oil and gas contract system in Nigeria, and the potential of the Act to serve as an engine of facilitation payments.

Suggested Citation

  • Nwapi, Chilenye, 2015. "Corruption vulnerabilities in local content policies in the extractive sector: An examination of the Nigerian Oil and Gas Industry Content Development Act, 2010," Resources Policy, Elsevier, vol. 46(P2), pages 92-96.
    • Handle: RePEc:eee:jrpoli:v:46:y:2015:i:p2:p:92-96
    DOI: 10.1016/j.resourpol.2015.09.001
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301420715000835
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.resourpol.2015.09.001?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Theodore H. Moran, 2006. "How Multinational Investors Evade Developed Country Laws," Working Papers 79, Center for Global Development.
    2. Lawrence Asekome Atsegbua, 2012. "The Nigerian Oil and Gas Industry Content Development Act 2010: an examination of its regulatory framework," OPEC Energy Review, Organization of the Petroleum Exporting Countries, vol. 36(4), pages 479-494, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Issabayev, Murat & Pelzman, Joseph, 2019. "A model of FDI spillover in a natural resource rich LDC," Resources Policy, Elsevier, vol. 64(C).
    2. Macatangay, Rafael Emmanuel “Manny”, 2016. "Optimal local content requirement policies for extractive industries," Resources Policy, Elsevier, vol. 50(C), pages 244-252.
    3. Olle Östensson, 2017. "Local content, supply chains, and shared infrastructure," WIDER Working Paper Series 096, World Institute for Development Economic Research (UNU-WIDER).
    4. Olle Östensson, 2017. "Local content, supply chains, and shared infrastructure," WIDER Working Paper Series wp-2017-96, World Institute for Development Economic Research (UNU-WIDER).
    5. Wilhelm, Cindy & Maconachie, Roy, 2021. "Exploring local content in Guinea's bauxite sector: Obstacles, opportunities and future trajectories," Resources Policy, Elsevier, vol. 71(C).
    6. Kalyuzhnova, Yelena & Belitski, Maksim, 2019. "The impact of corruption and local content policy in on firm performance: Evidence from Kazakhstan," Resources Policy, Elsevier, vol. 61(C), pages 67-76.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gabriel Donleavy & Kit-Chun Lam & Simon Ho, 2008. "Does East Meet West in Business Ethics: An Introduction to the Special Issue," Journal of Business Ethics, Springer, vol. 79(1), pages 1-8, April.
    2. Onatunji Olufemi, 2019. "Do real exchange rate changes have symmetric or asymmetric effects on trade balance in Nigeria? Evidence from Non-linear ARDL Model," The Review of Finance and Banking, Academia de Studii Economice din Bucuresti, Romania / Facultatea de Finante, Asigurari, Banci si Burse de Valori / Catedra de Finante, vol. 11(1), pages 14-23, June.
    3. Johann Graf Lambsdorff, 2013. "Corrupt intermediaries in international business transactions: between make, buy and reform," European Journal of Law and Economics, Springer, vol. 35(3), pages 349-366, June.
    4. Ananya Reed & Darryl Reed, 2009. "Partnerships for Development: Four Models of Business Involvement," Journal of Business Ethics, Springer, vol. 90(1), pages 3-37, May.
    5. Joseph McKinney & Carlos Moore, 2008. "International Bribery: Does a Written Code of Ethics Make a Difference in Perceptions of Business Professionals," Journal of Business Ethics, Springer, vol. 79(1), pages 103-111, April.
    6. I. Shovkun, 2017. "Localization of production - a world practice and conclusions for Ukraine," Economy and Forecasting, Valeriy Heyets, issue 2, pages 31-56.
    7. Alhaji Jibrilla Aliyu & Shehu Mohammed Tijjani & Caroline Elliott, 2015. "Asymmetric cointegration between exchange rate and trade balance in Nigeria," Cogent Economics & Finance, Taylor & Francis Journals, vol. 3(1), pages 1045213-104, December.
    8. Richard A Owusu & Terje I Vaaland, 2021. "Achieving Local Content in Extractive Industries of African Countries," International Journal of Innovation and Economic Development, Inovatus Services Ltd., vol. 7(1), pages 28-36, April.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jrpoli:v:46:y:2015:i:p2:p:92-96. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/30467 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.