{"title":"Regulatory Governance: The Petroleum Industry Bill 2020 and Nigeria's Oil Future","authors":"Okechukwu C. Aholu, E. Wifa","doi":"10.2139/ssrn.3730659","DOIUrl":null,"url":null,"abstract":"In September 2020, the 2020 version of the Petroleum Industry Bill (PIB) resurfaced at Nigeria’s Senate where it passed its first reading. The Bill has two forerunners: a 2008 edition and the fragmented 2018 edition, a part of which was passed but was not assented to by the President for reasons related to the diminution of state powers. In this working paper, we analyze governance provisions in the 2020 version of the PIB to unearth the promises which the Bill offers to the Nigerian Petroleum sector. We also consider how the current effort at reform takes into account the ever-evolving energy landscape and proactively anticipates Nigeria’s oil future. Our assessment shall be based on the global indices of regulatory governance in the Petroleum sector.","PeriodicalId":424970,"journal":{"name":"Emerging Markets Economics: Industrial Policy & Regulation eJournal","volume":"21 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2020-11-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Emerging Markets Economics: Industrial Policy & Regulation eJournal","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.3730659","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
In September 2020, the 2020 version of the Petroleum Industry Bill (PIB) resurfaced at Nigeria’s Senate where it passed its first reading. The Bill has two forerunners: a 2008 edition and the fragmented 2018 edition, a part of which was passed but was not assented to by the President for reasons related to the diminution of state powers. In this working paper, we analyze governance provisions in the 2020 version of the PIB to unearth the promises which the Bill offers to the Nigerian Petroleum sector. We also consider how the current effort at reform takes into account the ever-evolving energy landscape and proactively anticipates Nigeria’s oil future. Our assessment shall be based on the global indices of regulatory governance in the Petroleum sector.