Al-Hikmah University Central Journal
Our Academic Journal provides information on the latest emerging trends and developments in these ever-expanding subjects:.
STATE AND THE ECONOMY: A FOCUS ON OIL THEFT AND THE STATE RESPONSE
Abstract
Overtime, the state seeks to protect itself, citizens, political structure, economic structure etc. from the thriving of
some phenomenon which could be injurious to the prosperity of the state. Organized crimes seek to exist to promote
and provide for the demand of illegal goods and services that have been prohibited by the state. Many insecurity
phenomena rely on the employment of terror, fears, force etc. but organized crime relies majorly on maneuvering, and
operating in the dark, systematic operations well regulated in secrecy and arranged to deliver to the society what the
state kicks against. The oil theft organized crime has caused Nigeria Billions of dollars in loss due to the inability to
meet its OPEC quota. The economy and finance of the country has been feeling the heat since 2014. Therefore, the
research seeks to study the effect of the organized crimes of oil theft and the attendant effect it has on the national
economy of Nigeria. The research employs the qualitative research methods and Theory of State Fragility. Findings
shows that Organized crime presence in the polity of the country endangers the country’s political integrity, social
order and economic prosperity. Oil theft in Nigeria has milked the national economy of its profit. The various
individual groups' operation is at the detriment of the collective good of the society. The environmental degradation,
the pollution, financial crimes and money laundering etc. the research recommends the employment of modern
technology to protect its oil pipelines channels is imperative and apt.