Not really comparable. Nigeria is in this case more like China during the opium wars - the western companies are taking away their oil from them with bribery, political and economic threats. Just read a bit about how Shell operates there, they have more power than the government.
There is so much reward for the winners in these exchanges, that yes they do try different commercial arrangements to make it stick; and that changes over time.
As an American schoolchild we studied Nigeria as a success story and a hopeful future for Americans who wanted a modern stable country in Africa. From what I can tell in passing, the reality is repeatedly short of the lofty goals set long ago. It might be said that there is some responsibility for the sad state of affairs there, with the people who are local and governing, not just the terrible hands of America or Dutch-Royal Shell, right?
-- from the wikipedia EN page on Nigeria:
Ethnocentrism, tribalism, religious persecution, and prebendalism have plagued Nigerian politics both prior and subsequent to independence in 1960. All major parties have practised vote-rigging and other means of coercion to remain competitive.
That said, it's not only the Westerners screwing over Nigeria. It's also their own rich people screwing them over to get more rich. Nigerian leaders are afraid to go the China route on stamping out corruption because, unlike in China, in Nigeria you can kill the leaders and get new ones.
It's a complex problem, and since Nigeria is the African superpower, there is little that anyone can do about it.
There is little anyone in Africa can do. Other countries can do plenty, but after the nation building demonstrated in Iraq and Afghanistan by the western powers, belief in their prowess must surely be non-existent. So much damage has been done with those fiascos.
Shell is going to push its luck as far as it can with every country
Have a read of the Wikipedia entry for Shell Nigeria. The death and destruction they are involved in (and which the acknowledgment involvement in) is horrendous. Armed conflict has broken out numerous times and Shell has backed some of it by their own acknowledgment.
The ecological and human toll from their polluting is incredible and their own reports show they aren’t attending some spills for significant portions of a year, quite apart from attempting to clean them up.
Shell is a corporation like any other and will not hold itself to moral standards unless forced to by other entities.
https://en.m.wikipedia.org/wiki/Foreign_Corrupt_Practices_Ac...
Even if it were not, I struggle to understand the purpose of your comment.
Do you mean to say that it's morally justified for Shell to bribe Nigerian officials? Because it goes unpunished by governments? Or because the citizenry of Nigeria that do not benefit from such bribery are unable to punish such transgressions? Or is it just a nitpicky "gotcha" that adds nothing and isn't even correct?
I wonder how Norway would look if they were constantly under the same threat.
The truth is it is difficult to wean away governments & companies used to milking the colonies dry to give up so easily. Not to mention the many institutions including religious & media designed to aid this exploitation.
As much as the blame might be place on Nigeria, it is not to be ignored that a lot of power and influence is still held by the English speaking elite who are inturn in the grips of the colonial institutions and their masters.
In my own country of India, any attempt to decolonise is labeled "right wing nationalist".
None of us were happy to wear a tie to school when the temperature goes upto 45 degrees, this colonial brainwashing has to go for the people to become really free.
Opium wars were a clear blackmail. In this case, corrupt Nigerians are in league with corrupt companies. Not sure if both situations are comparable.
What western company is using what political and economic threat? I think if we are specific about this we can work together to bring accountability to it.
"On average, the fund holds 1.4 percent of all of the world’s listed companies."
At the moment, NOK 12 121 718 452 052,- or about $1 368 155 330 418,05
For Nigeria 2018, it seems to be about $160 (USD 32.6 billion [2], 201 million people)
[1] https://www.norskpetroleum.no/okonomi/statens-inntekter/ [2] https://eiti.org/es/implementing_country/32
Drill baby drill
Compare this situation to Nigeria, whose similarly massive oil wealth is corruptly consumed and distributed within Nigeria, leading to massive disparities in wealth and no long term savings to provide for its citizens.
Someone has to produce oil and gas. It might as well be the Norwegians.