THE DEVELOPMENTAL STATE IN NIGERIA : AN APPRAISAL OF NIGERIA'S LOCAL CONTENT POLICY IN THE PETROLEUM SECTOR
- 주제(키워드) IDC
- 발행기관 아주대학교
- 발행년도 2014
- 제출일 6-2014
- 학위수여년월 2014. 6
- 학위명 석사
- 학과 국제대학원 국제개발협력과
- 실제URI http://www.dcollection.net/handler/ajou/000000017300
- 본문언어 영어
- 저작권 아주대학교 논문은 저작권에 의해 보호받습니다.
초록/요약
ABSTRACT The petroleum sector in Nigeria for long has been the mainstay of the economy and the mean generator of foreign exchange revenues. For several decades, various policies have been put in place to empower this sector as the engine of growth of the Nigerian economy. This policies range from the petroleum indigenization policy of 1969 to the petroleum domiciliation policy of the early 90’s and most recently the 2010 local content policy in the oil and gas sector. The petroleum sector most often has been criticized for not contributing substantially in reducing poverty, economic inequality and unemployment as the life wire of the economy. In fact, in the last two decade, the petroleum sector in Nigeria has enjoyed windfalls in crude oil export revenues as a result of trade boom in mineral resources (Petroleum) in the World market. This increment in crude oil export revenues have been criticized for not being proportionate to poverty reduction, economic inequality and unemployment. In an effort to foster the petroleum sector as the engine of growth of the Nigerian economy, a local content policy was instituted at the dawn of the last decade to serve as the new economic growth order in the petroleum sector. The Nigerian local content policy in the oil and gas sector is just four years old and making forgone conclusions on its influence in addressing poverty, unemployment and economic inequality is unfair but there are however some gaps in the new policy that need to be addressed. This study will explain why despite improvements in petroleum revenues and the enactment of a local content policy in the petroleum sector, this has not translated into substantial reduction in poverty and subsequently low level of local content Key words: Developmental states; Local content policy; petroleum industry
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TABLE OF CONTENTS
Dedication………………………………………………………………………….i
Acknowledgement…………………………………………………………………ii
Abstract……………………………………………………………………………iii
List of figures……………………………………………………………………..vii
List of Tables……………………………………………………………………...viii
CHAPTERONE: INTRODUCTION……………………………………………….1
1.1Developmentalism versus Local content……………………………………….4
1.1.1 Types of developmentalism and Local Content……………………………..6
1.2 Purpose of study……………………………………………………………….12
1.3 Problem statement…………………………………………………………….13
1.4 Research Questions……………………………………………………………13
1.4.1 Primary research question…………………………………………………...13
1.4.2 Secondary research Question……………………………………………….13
1.5 Hypothesis…………………………………………………………………….14
1.6 Methodology of Study………………………………………………………..14
1.7 Literature Review……………………………………………………………..15
1.8 Assumption of Study…………………………………………………………15
1.9 Limitation of Study…………………………………………………………..16
2.0 Order of Study………………………………………………………………..16
CHAPTER TWO: LITERATURE REVIEW……………………………………...18
2.1 The emergence of developmentalism…………………………………………18
2.1 Local content……………………………………………………………...........19
2.2.1 The impact of Local content on the domestic economy…………………….20
2.2.2 Local content policy and other policy instruments………………………….21
2.2.3 Local content within developmentalism…………………………………….23
2.2.4 Developmentalism within Local content………………………………….....27
2.5 Developmentalism in Africa……………………………………………...........29
CHAPTER THREE: FACTORS INFLUENCING LOCAL CONTENT IN THE PETROLEUM SECTOR IN NIGERIA…...............................................................38
3. External factors influencing local content in the petroleum sector of Nigeria……..............................................................................................................38
3.1 Volatility of oil price and exchange rate in the world market…………...........38
3.2 Global financial crisis………………………………………………………….40
3.3 Geopolitical factors……………………………………………………………41
3.4 Inadequate support infrastructures…………………………………………….42
3.5 The effect of Weak industrial linkages………………………………………...44
3.6 Domestic factors Influencing local content in the petroleum sector in Nigeria.51
3.6.1 Petroleum politics in Nigeria………………………………………………...52
3.6.2 Corruption and the petroleum sector in Nigeria……………………......53
3.6.3 Regional Geopolitics……………………………………………………55
3.7 The local content development policy…………………………………...57
3.7.1 Local content policy and labour……………………………………….58
3.7.2 Profitability of local content policy……………………………………60
3.7.3 Local content policy and investment in Nigeria……………………….61
CHAPTER: FOUR SUCCESSFUL CASES OF LOCAL CONTENT IMPLIMENTATION……………………………………………………….. 82
4.1 Factors influencing successful implementation of local content………..82
4.1.1 Good political Leadership………………………………………….......84
4.1.2 National Security…………………………………………………….....85
4.1.3 Local participation……………………………………………………..86
4.1.4 Investment in infrastructures and human capital………………………87
4.2 Post and Telecommunication sector in Nigeria-A successful case of Local content………………………………………………………………………...87
4.3 Policy recommendation…………………………………………………..88
4.4 Future Research questions………………………………………………..91
BIBLIOGRAPHY……………………………………………………...……..93
