The Nigerian Extractive Industry and BudgIT’s Role in Ensuring Effective Resource Utilisation

2014 — The BudgIT Foundation

Years Active

2014 - Present


Adejoke Akinbode

The #FixOurOil campaign aims to increase advocacy and awareness about oil-related issues in Nigeria. The #FixOurOil campaign works with data and information in the oil and gas industry, deconstructing and utilising creative storytelling tools to educate the public and encourage them to ask questions.

A relevant chunk of our economy lies in the revenue from the oil and gas sector. Oil exportation in Nigeria began in 1958, a good 64 years later and numerous years of mismanaged revenue; Nigeria is yet to fully benefit from the proceeds of the oil and gas sector.

Historically, the Nigerian extractive industry has functioned as a pander used to cushion the needs of very few highly placed in the society. This has disrupted transparency in the sector and resulted in limited revenue generation resources and job opportunities for the citizens. This is not ideal for the oil and gas industry; thus, it is expedient for citizens to demand more effective resource governance in the sector.

The need for effective resource utilisation in the extractive sector became a focal point of advocacy as we see an opportunity to achieve that in the face of scarce commodities. The untimely availability of extractive industry data raises questions about the opacity of extractive operations, which allows corruption to thrive within the sector. The low literacy rates and, even worse, poor data literacy levels over the last decade in the country mean a need to simplify and contextualise the oil sector data for citizens and stakeholders across different literacy spans. Citizens need to be empowered with enough insights to ask data-driven questions and demand accountability.

There is also a need for continuous evaluation of oil sector laws and policies viz-a-viz emerging realities in the sector to identify weak areas that need to be strengthened and to draw the attention of citizens and stakeholders to sectoral laws and policies with significant implementation gaps. To drive for institutional reform, stakeholders who can monitor this sector must be kept aware of the happenings in the sector.