Browsing by Author "Abraham, Samson Segun"

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    CHALLENGES OF ACCEPTABLE OIL REVENUE SHARING FORMULA IN NIGERIA
    (Department of Political Science, Nasarawa State University Keffi, 2021-12-19) Abraham, Samson Segun; Yahaya, Abdullahi Adadu; Abdullahi, Sallau Modibbo
    The issue surrounding oil revenue sharing formula in Nigeria is multifarious which this paper sought to examine its challenges in Nigeria. To achieve this the paper used both quantitative and qualitative secondary data to examine indices of sharing the oil revenue, the daunting challenges its post and ways of solving the problems. However, rentier state theory was used as a theoretical frame work. From the findings, it was gathered that several factors are responsible for the challenges in oil revenue sharing formula in Nigeria, for instance, non-oil producing states are a hindrance to oil revenue sharing formula; the activities of the host states have also not helped matters. In view of the findings, it was recommended amongst others that: the federal government should emphasised the use of derivation principle in revenue allocation sharing formula. Also, the domineering and exploitative attitude of the federal government over revenue allocation in Nigeria should be check-mated by the National Legislative body. To further address the issue of the imbalance in revenue sharing in Nigeria, the federal government should be ready to make some sacrifices by relinquishing a little part of its; lion's share from the federation account to states and local governments, to enable them attend to their numerous responsibilities.
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    POLITICS OF OIL REVENUE SHARING FORMULA IN NIGERIA: ISSUES AND CHALLENGES
    (Department of Political Science, Nasarawa State University Keffi, 2021-12-13) Abraham, Samson Segun; Yahaya, Abdullahi Adadu; Abdullahi, Sallau Modibbo; Muhammad, Bello Baban'umma
    This paper is entitled the politics of oil revenue sharing formula in Nigeria: issues and challenges examine the existing revenue sharing formula in Nigeria and the position of the Niger Delta states. It made use of secondary and primary data mostly from the Nigeria National Petroleum Corporation (NNPC). The paper found out that existing oil revenue sharing formula is unacceptable to the Niger Delta states hence the continuous agitations for resource control-or increase in allocation. Based on the findings, the paper recommended Production- Sharing Agreements (PSAs) formula as a better method. The formula is among the most common types of contractual arrangements for petroleum exploration and development. Under a PSA, the state (host) as owner of mineral resources, engages a foreign oil company (FOC) as a contractor to provide technical and financial services for exploration and development operations. The challenges of development in the case of Niger-Delta states are not a function of non-availability of funds, rather they have to do with the non-transparent and efficient management of the available resources. Full resource control without resource management is an effort in futility. This implies that substantial development revenue exists but it is misappropriated. ' Therefore, what is needed and badly lacking in the Niger-Delta accountability.