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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:International crude oil theft: elite predatory tendencies in Nigeria
Author:Akpomera, Eddy
Periodical:Review of African Political Economy (ISSN 0305-6244)
Geographic term:Nigeria
External link:https://doi.org/10.1080/03056244.2014.988696
Abstract:Nigeria, aside from religious terrorist violence, faces a serious threat to its economic security: the unenviable international record of unprecedented volumes of crude oil theft arising from the incessant vandalism of the 6000 kilometres of pipelines in the country. With the conspiratorial roles of the governing and non-governing elites, this high-tech illegal business has been internationalised and poses a huge threat to the national revenue and the development index of the country. The oil-rich Niger Delta region, worsened by environmental degradation arising from excessive spillage of petroleum resources, is under siege from the predatory elite, arising from the embarrassing lack of political will by government and security agencies to protect the nation's commonwealth. This paper puts into perspective the critical issues of international crude oil theft in Nigeria, and suggests strategic measures to curtail the elite predatory tendencies driven by corruption, and to protect the nation's economy. Bibliogr., notes, ref. [ASC Leiden abstract]