Book Description

International and Comparative Law Approaches for Optimizing Petro-Wealth in an SDGs Context and in harmony with sustainable development forms the core and subject of this book. This book considers a beleaguered Nigerian oil industry and the pervasive contemporary struggles to sustain lucrative oil production in the 21st Century. Currently, Nigeria grapples with unrelenting and intractable challenges in its oil industry and apparently, a plausible means of alleviating the extensive negative impacts of untenable oil exploitation patterns in the Niger-delta have remained elusive. From the foregoing, the missing ingredient seems to be a dismal lack of sustainability endeared approaches to guarantee a green petroleum industry, economic growth and poverty eradication which remain vital considerations for a developing state like Nigeria. Apparently, the development that meets the needs of the present without compromising the interests, options and indeed, the needs of future generations, summed-up in the definition of sustainable development, appears to be a maxim with minimal recognition or import in the Niger-Delta, which remains the hub of oil exploitation in Nigeria. This book is thus motivated by the constantly evolving, yet irrefutable implications arising from the concept of Sustainable Development and how it can be realistically applied to oil and gas exploitation.