Abstract:
Oil presents a horrendous paradox in Nigeria. It provides enormous wealth and means of patronage to the rentier state and its joint venture partners, the transnational oil companies. However, to large sections of the local oil-bearing communities, the commodity is mainly a source of anxiety and misery. Dating from colonial history, the state has made systematic and sustained efforts to disfactor the local oil-bearing Niger Delta communities from asserting or holding any consequential stakes in the oil resources underneath their soil. In this ironic political game, the state employs the unmitigated paraphernalia of law and public policy to privilege itself and its business partners primarily within the oil industry. This leaves the local oil-bearing communities with limited breathing space, hence, their massive resort to violent protests. This study critically examines the emergence of the contemporary rentier state and how the latter mobilizes and exploits the instrumentality of rule making to entrench and advance its rent-seeking interests in the Nigerian oil economy. The rent-seeking interests and devices of the federal state not only underlie but also complicate the oil conflict.
