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EVALUATION OF CORRUPTION AND CONFLICT IN NIGERIAN OIL INDUSTRY: MPERATIVE FOR SUSTAINABLE DEVELOPMENT

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EVALUATION OF CORRUPTION AND CONFLICT IN NIGERIAN OIL INDUSTRY: MPERATIVE FOR SUSTAINABLE DEVELOPMENT

 

 

ABSTRACT: Not only can corruption keep African states in cycles of violence by funding armed groups and criminal networks, it can also prevent the development of effective institutions of governance. When money and resources are diverted by corrupt African officials to private accounts and businesses instead of being channeled to inclusive citizen’s needs, the clock turns back on social and economic development. This, in turn, can create further instability. In these ways, corruption, conflict and sustainable development are linked. Since its return to civil rule in May 1999, the country, especially the oil producing Niger Delta region, has drifted from one violent conflict to another, often with devastating consequences on human life and socio-economic development. Most analysts blame this violence on the many injustices perpetrated by the central authorities (especially the inadequacies of the current revenue sharing formula that denies oil bearing states their dues). The paper examines the relationship between corruption in oil sector, conflict and sustainable development and was anchored on resource curse theory. This study recommends amongst others that the award of oil block, contract, and licensing and production right should follow due process and transparent process. Also that the awarding of oil block to individuals should be discourage rather they should be awarded to corporate entities with wide spread ownership.

 

KEY WORDS: corruption, conflict, development, oil industry, violence.