Abstract
Energy is the engine that propelled the wheel of modern developments. Accordingly, Nigeria’s energy security situation is both a contradiction and paradox as there has been obvious evidence of inadequate supply of petroleum products for its teeming domestic consumers. Nigerian is the first party in search for energy security. This is linked to the fact that as the owner of petroleum resources, the government has the mandate to set the policies and legal framework for the effective and efficient regulation of the sector. The paper found out that government has the primary responsibility to guarantee the provision of adequate petroleum resources for domestic consumption as a public service obligation. This paper is primarily geared to examined the regulation of the downstream sector of the petroleum industry in Nigeria to determine whether or not the extant legislations, particularly, the PIA 2021 in the light of the energy crisis in Nigeria. This paper adopted the doctrinal method of research, with primary source of information derived from Petroleum Industry Act 2021 and other legislations, while, secondary information was derived from journal articles, textbooks and periodicals. The paper concluded that in spite of the enormous legislations to regulate the downstream sector of Nigeria’s petroleum industry, consumer protection issues still persist and hence the need to harmonise and strengthen existing regulations for better protection of consumers’ interest in the sector.
Koko Charles Josiah
pp. 191 – 198
DOWNLOAD PDF
