Petroleum Industry Act of Nigeria: Looking at Challenges from a Sociological Theoretical Perspective

Abstract

This paper reviews the Petroleum Industry Act 2021 with a view to highlighting the inherent challenges that may ultimately constrain the effective implementation. It x-rays the problems using the frame work of a sociological theoretical perspective. The paper viewed these envisaged latent inhibitions of the implementation basically in terms of internal and external factors. The issues of Dependency status in a world system and corruption of the local political elites were particularly focused. Suggestions were also provided as a way out in this direction.

Keywords: Petroleum, Industry act, Corruption, Dependency status