کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
1046815 1484399 2016 11 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Relevance lost? The Petroleum Equalization Fund in Nigeria
ترجمه فارسی عنوان
از دست دادن ارتباط؟ صندوق برابرسازی نفت در نیجریه
کلمات کلیدی
صندوق برابرسازی نفت؛ نیجریه؛ فساد؛ دولت رانتیر؛ داوری کردن
موضوعات مرتبط
مهندسی و علوم پایه مهندسی انرژی انرژی (عمومی)
چکیده انگلیسی


• The Petroleum Equalization Fund (PEF) remains an implicit part of the petroleum price subsidy in Nigeria since 1975
• The rentier nature of the Nigerian state logged the PEF into politics of public revenue sharing in the country.
• The operations of the Fund are characterized by shortages of petroelum products, corruption and management deficiencies.
• Against its principles, the existence of the PEF provided room for arbitrage behavior and abuse of the petroleum subsidy regime.
• This paper thus recommends for the abolition of PEF, considering the defeated goal of achieving uniformity in petroleum prices in the country.

This paper traces the origins of the Petroleum Equalization Fund (PEF) in Nigeria and describes the environment in which it has operated. The paper argues that the PEF has failed to live up to its mandate of equalizing the prices of petroleum products across the country. This is in part because such equalization schemes create arbitrage opportunities which are always prone to exploitation. The rentier nature of the Nigerian state and the prevalence of corruption in the country have added fodder to such exploitations. The consequence of the above is that PEF has simply become one of the inefficient channels of subsidizing the price of petroleum products in Nigeria. This paper therefore recommends that the starting point in the efforts by the Nigerian government to undertake petrol subsidy reform in the country should be to abolish the PEF.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Energy for Sustainable Development - Volume 31, April 2016, Pages 152–162
نویسندگان
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