Ownership And Control Of Mineral Resources Under The Shariah And Nigerian Statute. A Comparative Analysis

ABSTRACTMost countries have conferred the power/ownership of their resources on their government, not allowing individuals to lay claim to them. This has been beneficial for international business purposes, especially in the petroleum sector and has ensured stable revenue which is then distributed amongst the individual states in the country; while some countries like the USA recognize both state and individual ownership. Associated with exploration and exploitation activities of most natural resources is environmental degradation, which puts the environment in a non-usable position. There is …