n CPEEL Monograph Series - The policy landscape




Governments, throughout history, have intervened in the workings of the economy by assuming interventionist and command and control roles. It is not surprising, therefore, that when Nigeria became a major world net exporter of petroleum in the early 1970s the Federal Government took over both the upstream and downstream petroleum sector, the legal, regulatory, institutional and policy landscapes changed to reflect the new policy environment. In this section, we examine briefly the policy landscape and focus on the legal, regulatory and institutional frameworks and pricing policy in the downstream petroleum sector in recent decades.


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