Attack on The Oil Curse in Nigeria!

October 20, 2009

Nigeria is proposing to transfer a 10 percent stake in the national oil company to delta communities; citizens of the delta would then be entitled to cash benefits, delivered through a trust-type mechanism. Read about it here.

That would be a real live breakthrough on a good idea proposed in CGD papers for Iraq and Ghana.

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1. Per Kurowski Says:
   October 20th, 2009 at 11:59 pm

   The single reason why I who have so actively been supporting oil revenue sharing by the citizen for years do not feel too optimistic about Nigeria’s current plan to pay 10 percent of the revenues directly to the Niger Delta citizens, is that it smells too much of a payoff, a societal bribe to some Nigerians; and leaves too much in the hand of too few.

   Pay out 100 percent of the net oil revenues to all the Nigerians and if needed retain a percentage in taxes. That is the only way to put the citizens in charge of a democracy, as they are supposed to be in a democracy.

   And that is what I am begging the King of Cambodia to support http://bit.ly/3EU6yK

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