In any economy, the extractive sector (ES) consists mainly of oil, gas and mining activities. This is a sector with great potential to enhance an economy. Indeed, experience in countries such as Norway, Canada, Botswana and Ghana suggests that extractives can be effectively managed to contribute to sustainable economic growth. Experience, however, in other parts of the world including Nigeria, the Democratic Republic of Congo (DRC), South Sudan, and the Central African Republic (CAR), suggest that extractives if not well managed can be a curse leading to conflict.
A Report by The Institute of Economic Affairs (IEA)