Oil and gas managment in Nigeria: lessons for Ghana.

Abstract

The paper examines the oil and gas sector in Nigeria with emphasize to upstream and downstream. . The findings revealed that literature had posited that the oil shock and “Dutch Disease” as issues that countries producing oil m u s t a d d r e s s t o a v o i d t h e management of the oil becoming a “curse”. Countries with experiences of natural resources being a “blessing” were cited-Botswana, Chile, Indonesia and Malaysia. In part 3, the paper dwelt on the details of the Nigeria's oil and gas management. This part brings out the pitfalls in terms of the restructuring that occurred during the civil war, the ownership structure, the exploration and production regime, the macroeconomic challenges and fiscal indiscipline of the government.