Relevance lost? The Petroleum Equalization Fund in Nigeria
详细信息 查看全文
- 作者：Abel Ezeoha
- 关键词：Petroleum Equalization Fund ; Nigeria ; Corruption ; Rentier State ; Arbitrage
- 刊名：Energy for Sustainable Development
- 出版年：2016
- 出版时间：April 2016
- 年：2016
- 卷：31
- 期：Complete
- 页码：152-162
- 全文大小：619 K
文摘
- class="listitem" id="list_l0005">
- class="label">•
The Petroleum Equalization Fund (PEF) remains an implicit part of the petroleum price subsidy in Nigeria since 1975
- class="label">•
The rentier nature of the Nigerian state logged the PEF into politics of public revenue sharing in the country.
- class="label">•
The operations of the Fund are characterized by shortages of petroelum products, corruption and management deficiencies.
- class="label">•
Against its principles, the existence of the PEF provided room for arbitrage behavior and abuse of the petroleum subsidy regime.
- class="label">•
This paper thus recommends for the abolition of PEF, considering the defeated goal of achieving uniformity in petroleum prices in the country.