PIPE DREAMS: How Oil and Gas Fail to Deliver Economic Development in Africa

This report examines the economic impact of oil and gas production in Africa, drawing evidence from 13 producing countries. Pipe Dreams finds that fossil fuels have not delivered sustained or inclusive economic development.

The structure of the oil and gas economy concentrates and exports wealth while leaving African governments and communities to bear the costs.

This has fuelled the continent’s economic vulnerability, inequality, and structural constraints on growth through prohibitive commodity prices, inflation, and reduced currency values.