Reforming the Nigerian Oil and Gas Sector: Towards Corporate Sustainability?

In Beate Sjåfjell and Christopher M. Bruner (eds), Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability (Cambridge University Press, Forthcoming)

University of Oslo Faculty of Law Research Paper No. 2019-31

Posted: 8 May 2019 Last revised: 12 May 2019

See all articles by Adure Uzo-Peters

Adure Uzo-Peters

University of Ibadan - Faculty of Law

Date Written: May 6, 2019

Abstract

This article explores how the current corporate governance codes in Nigeria affect corporations in the extractives sector. It focuses on the idea of corporate sustainability as the root for improving firms’ behaviour, incorporating development and social justice perspectives. Since the discovery of oil in Nigeria, several laws have been enacted to control the impact of oil exploration on the environment. Despite these efforts, environmental degradation continues to persist in parts of the country where natural resources are exploited. Mandatory corporate governance codes backed by sustainability driven corporate laws could ensure that companies minimize adverse effects of their activities on affected stakeholders.

Keywords: petroleum, extractive sector, environment, climate change, social justice

Suggested Citation

Uzo-Peters, Adure, Reforming the Nigerian Oil and Gas Sector: Towards Corporate Sustainability? (May 6, 2019). In Beate Sjåfjell and Christopher M. Bruner (eds), Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability (Cambridge University Press, Forthcoming) ; University of Oslo Faculty of Law Research Paper No. 2019-31. Available at SSRN: https://ssrn.com/abstract=3383497

Adure Uzo-Peters (Contact Author)

University of Ibadan - Faculty of Law ( email )

Ibadan, Oyo State 200005
Nigeria

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