Security of supply of petroleum is a serious challenge in Nigeria that seems to lack any known legal remedy. It is a paradox that Nigeria is experiencing inadequate supply of petroleum resources for domestic consumption despite the abundance of oil and gas reserves in the country. Past efforts in the search for solutions through which to address this challenge have largely been political, quick fixes and episodic in nature. This research aims to address this challenge by looking for a possible solution towards the direction of the law-Petroleum Act 1969, which fundamentally regulates the industry. This is because the Act has failed to significantly contribute to the availability, reliability, affordability and sustainability of petroleum operation in Nigeria, the factors of which Elkind collectively identifies as elements of ‘energy security'.The research will undertake a critical appraisal of the 1969 Act and this is with a view to evaluating why it has failed to make any significant contribution to the security of supply of petroleum for domestic purposes. In conducting this analysis, the elements of the Petroleum Acts of Brazil, Norway and the UK will be examined. The objective of this approach is to draw specific lessons which will enrich the recommendations to be made towards the reform of the 1969 Act. The research will, in addition, analyse the new Petroleum Industry Bill (PIB) 2012, to see if there are further improvements to or significant departures from the current provisions of the Act regarding the security of supply of petroleum resources. My argument is that the Act has not sufficiently contributed to security of supply and the PIB would make only minimal improvements. Therefore, further radical reform, which needs to build upon the lessons from other jurisdictions considered in this research, is required.
| Identifer | oai:union.ndltd.org:bl.uk/oai:ethos.bl.uk:606474 |
| Date | January 2014 |
| Creators | Dike, Samuel Chisa |
| Publisher | University of Aberdeen |
| Source Sets | Ethos UK |
| Detected Language | English |
| Type | Electronic Thesis or Dissertation |
| Source | http://digitool.abdn.ac.uk:80/webclient/DeliveryManager?pid=211108 |
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