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 Periodical article |
 Leiden University catalogue |
 WorldCat |
| Title: | Management of Nigeria's natural resources and the national security |
| Author: | Okogu, Bright |
| Year: | 2007 |
| Periodical: | Nigerian Journal of International Affairs (ISSN 0331-3646) |
| Volume: | 33 |
| Issue: | 1 |
| Pages: | 45-63 |
| Language: | English |
| Geographic term: | Nigeria |
| Subjects: | natural resource management petroleum industry mineral resources economic policy national security |
| Abstract: | This article surveys Nigeria's natural resource endowments and details the current framework that governs their exploitation. It notes that recent recognition of past mismanagement of the sector resulted in the current intensive focus on the sector as part of the ongoing economic reforms, as evident from the establishment of the Nigeria Extractive Industries Transparency Initiative (N-EITI) and the far-reaching auditing of the activities of the sector. The article argues that some of the community issues surrounding the oil and gas sector are traceable, at least in part, to the mismanagement of the revenue from the sector, which has impoverished the entire population, including the oil-bearing regions. Good economic policy, including diversification of the economy from oil, will create prosperity, retard the propensity for conflict and enhance national security. Current economic reforms represent a move in that direction, and these need to be institutionalized. Finally, a multi-pronged approach towards resolving the Niger Delta issue based on political, economic and law enforcement strategies is proposed. Ref., sum. [Journal abstract] |