Published 2022-12-01
“…Findings reveal poor political institutions, corruption and lack of accountability, weak executive control of oil resource governance with apparent inadequate checks and balances, and the resultant conflicts and clashes of interests, manipulations, and inflation of oil contracts with favouritism in allocating oil blocs to cronies.Therefore, this articleshades in a
newlight by interrogating the Nigerian Sovereign Wealth Fund to ensure optimal benefits of oil wealth to all citizenry; it submits that measures must be adopted in building political institutions, reforming the Niger Delta Development Commission; diversification, building a welfare state, equitable distribution of oil wealth and the imposition of direct tax.
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