The Politics And Political Implications Of Oil And Gas Exploration In Africa: An Analysis Of American Oil Corporations In Nigeria

Adams, Michael O.; Osho, Gbolahan S.; Coleman, Quonna

doi:10.19030/iber.v7i12.3319

Cited by 6 publications

(5 citation statements)

References 2 publications

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“…Crude oil exploration within the Nigerian Niger Delta region accounts for a significant percentage of world consumption of crude oil (3%) amidst growing accusations by local communities of high levels of environmental degradation resulting from oil exploration activities (Douglas & Okonta, 2003;Adams, Osho, & Coleman, 2008). In spite of the claims levelled against foreign multinationals with respect to environmental degradation, Collier (2008) describes a hypothesis he referred to as the natural resource trap.…”

Section: Statement Of Problemmentioning

confidence: 99%

An Evaluation of Management Perspectives of Sustainability Reporting in the Nigerian Oil Industry

Uzonwanne¹,

Yekini²,

Yekini³

et al. 2014

JMS

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Purpose: This article investigates the perspectives of managers involved in sustainability reporting in the Nigerian oil industry. Design/Methodology:The article adopts a survey methodology in its approach to conduct this investigation. The survey employed a structured interview to investigate five themes built around the motivation for sustainability reporting within these organizations, hierarchical responsibility for sustainability reporting, the organizations objectives relative to the welfare of the people within the communities it operates in, policies in place to rejuvenate the damaged environment resulting from it's operations and finally how sufficient in monetary terms is the company's effort to wipe out its operational footprint. Findings:The data gathered was analysed qualitatively under these various themes. The general view emerging amongst the vast majority of the managers interviewed was that oil companies operating within the region have a key social responsibility and disclosure role to play but that it remains the role of the Nigerian Federal Government to provide the institutional framework around which the development of the region is to be hinged.Research Implications: More research is required in the area of CSR and CSD in developing/emerging markets to understand the link between weak institutional frameworks and voluntary CSR and CSD.Originality/Value: This article contributes to CSR and CSD literature in broad terms and in specific terms to the literature on sustainable operations in developing/emerging markets. The originality is based on the fact that it explores manager's perspectives in a developing/emerging market.

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Section: Statement Of Problemmentioning

confidence: 99%

An Evaluation of Management Perspectives of Sustainability Reporting in the Nigerian Oil Industry

Uzonwanne¹,

Yekini²,

Yekini³

et al. 2014

JMS

View full text Add to dashboard Cite

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“…The debt related sources include treasury bonds, development loan stocks and loans from bilateral, multilateral and international capital market sources. The quantum of these investment development financing flows usually determines the level and pace of development attainable by the country concerned (Adams et al, 2008). This has lead to government involvement to directly or indirectly mobilise long-term funds for the development aspirations of the nation.…”

Section: Introductionmentioning

confidence: 99%

“…His findings from the estimation of the model employed indicate that oil revenue has a positive and statistically significant relation with GDP and PCI respectively, but its relationship with INF is negative and not statistically significant. Adams et al (2008) examined the reaction of local Nigerians as US oil companies profit from their oil resources and they receive nothing in return. They illustrated how the US oil companies' dependence on Nigeria's oil resources will not only continue to affect the present generation, but will have a lasting effect on generations to come.…”

Section: Introductionmentioning

confidence: 99%

Comparative analysis of investment funding in the Nigerian oil and agricultural sector

Alese¹,

Alimi²

2017

IJEA

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This paper makes a comparative analysis of investment funding between the Nigerian oil and agriculture industry, where both debt and non-debt financing instruments are considered. It employs both descriptive and long-run analyses to establish the facts using data from 1971-2011. The empirical results revealed that all the adopted debt and non-debt financing instruments, follow the same direction with varying magnitudes. Among all these instruments, savings (development stocks and treasury bills) are the best non-debt and (debt) financing mix used to propel the development of both agriculture and oil sector. More so, a negative shock was reported from treasury certificate and bond and international lending club on both sectors' output. However, policy should aim at areas that would make foreign funds have a trickle-down effect on the physical assets of the two sectors and not areas where their funds can easily be repatriated.Keywords: debt and non-debt investment financing; agriculture and industrial performance; Nigeria.Reference to this paper should be made as follows: Alimi, O.Y. and Alese, O.J. (2017) 'Comparative analysis of investment funding in the Nigerian oil and agricultural sector', Int.

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“…Despite its considerable oil resources, the country is ranked 152 out of the 187 countries in the human development index (UNDP, 2014). It is claimed that much of the country’s poverty and underdevelopment can be attributed to mismanagement and the inability to achieve local content within the industry (Adams et al , 2008; Nwosu et al , 2006). By contrast, the oil and gas industry is a major contributor to the economy, accounting for approximately 95 per cent of the Federal Government’s annual revenues (World Bank, 2013).…”

Section: Introductionmentioning

confidence: 99%

A business network perspective on local content in emerging African petroleum nations

Owusu

Vaaland

2016

IJESM

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Purpose The paper aims to identify and analyze the actors and their interrelationships in realizing local content objectives in African oil- and gas-producing nations. Design/methodology/approach The paper includes content analysis of relevant research papers and reports within the oil and gas industry, local content and industrial networks published between 2000 and 2014. Findings The study developed a framework that integrates the literature on local content with the industrial network theory. The framework classifies the various critical actors for achieving local content, proposing that achieving local content requires the development of business network links and a resource alignment among local companies and institutions and foreign companies and institutions, in addition to multinational oil companies. Research limitations/implications The framework of this study contributes to an emerging theory on local content by integrating the industrial network theory, which provides specific frameworks for analyzing embedded business environments, along with the previous economic and legal-based studies of local content achievement. Practical implications The way the relevant actors organize their resources and business networks provides potential for local content in an emerging oil and gas industry in Africa. Originality/value The paper is one of the few to integrate studies of local content with the industrial network theory. The literature review provides a summary window of the research on the subject over a 14-year period.

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The Politics And Political Implications Of Oil And Gas Exploration In Africa: An Analysis Of American Oil Corporations In Nigeria

Cited by 6 publications

References 2 publications

An Evaluation of Management Perspectives of Sustainability Reporting in the Nigerian Oil Industry

An Evaluation of Management Perspectives of Sustainability Reporting in the Nigerian Oil Industry

Comparative analysis of investment funding in the Nigerian oil and agricultural sector

A business network perspective on local content in emerging African petroleum nations

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