Category: Energy

Gas plant
Aligning ESG Practices in the Nigerian Oil and Gas Sector with Climate Change and Nigeria’s Net-Zero Goal by 2060
Nigeria\'s oil and gas sector evolved over the decades. The sector has moved from an era where little or no effort was put towards addressing the negative impacts occasioned by oil exploration and other incendiary activities, the failure by the Federal...
gas tank
IMPACT OF THE NEW PRICING OF NATURAL GAS FOR THE NIGERIAN DOMESTIC GAS MARKET
Nigeria is said to have 206.53 trillion cubic feet (tcf) of untapped proven gas reserves with an estimated recoverable gas reserve of 139.4 tcf. Despite the abundance of gas reserves, the production and development of gas have not been optimally harnessed....
NIGERIA’S PRESIDENTIAL ORDER ON GAS INCENTIVES: AN ATTEMPT TO TEND TO THE GOLDEN GOOSE?
NIGERIA’S PRESIDENTIAL ORDER ON GAS INCENTIVES: AN ATTEMPT TO TEND TO THE GOLDEN GOOSE?
On 28th February 2024, the President of the Federal Republic of Nigeria, Bola Ahmed Tinubu issued an Executive Order and Presidential Directives relating to the Oil and Gas Industry. The Executive Orders include: (i) the Oil & Gas Companies (Tax Incentives,...
Light bulb with business graph
ELECTRICITY SUBSIDY REMOVAL: TO BE OR NOT TO BE
In recent weeks, there has been a ranging discourse on the Nigerian government mulling over a decision on whether to remove subsidy on electricity or not. In 2020, the Federal Government, under President Muhammadu Buhari, initiated the phasing out of...
Green earth 2
GREEN MINING IN NIGERIA: LEGAL LANDSCAPE AND RENEWABLE ENERGY CONTRIBUTIONS
Nigeria, a country endowed with abundant mineral resources, stands at the crossroads of a critical junction – the mining sector. As the nation grapples with the complexities of harnessing its mineral wealth, there emerges a compelling need to scrutinize...
carbon emission
NIGERIA’S ENERGY TRANSITION WATCH – EXPLORING THE VIABILITY OF A CARBON EXCHANGE SYSTEM FOR THE DEVELOPMENT OF A STRUCTURED EMISSION TRADING SYSTEM IN NIGERIA
In this article, we will be exploring the carbon exchange system and the need for a carbon exchange system in Nigeria. The succeeding paragraphs will highlight the need for Nigeria to have a carbon exchange system considering its teeming population, market...
Energy transition GHG
ENERGY TRANSITION WATCH: COMPLIANCE OBLIGATIONS UNDER THE NIGERIA CLIMATE ACT, 2021
Introduction The Climate Change Act 2021 (the “Act”) was signed into law by former President Muhammad Buhari on November 18, 2021. The Act is aimed at establishing a framework for Nigeria to achieve low Greenhouse Gas (GHG) emissions through inclusive...
startups 2
LAUNCH OF THE NIGERIAN STARTUP SUPPORT AND ENGAGEMENT PORTAL: EASE OF DOING BUSINESS IN THE NIGERIAN STARTUP ECOSYSTEM
Introduction The Federal Government of Nigeria, through the Minister of Communications, Innovation and Digital Economy – Dr. Bosun Tijani on Wednesday November 22, 2023 announced the launch of Nigeria’s Startup Portal (the Portal) accessible here https://startup.gov.ng/....
electricity
NIGERIAN ELECTRICITY REFORMS: WHAT DOES THE FUTURE HOLD?
Introduction The Nigerian Electricity Supply Industry (“NESI”) has undergone a number of reforms over the past two decades. The modern history of the NESI can be traced to the National Electric Power Policy, 2001 and the Nigerian National Energy Policy,...
Energy Transition
NIGERIA’S ENERGY TRANSITION WATCH – THE CLIMATE CHANGE ACT: AN EVALUATION OF TWO YEARS OF IMPLEMENTATION
Introduction The Climate Change Act 2021 (the “Act”) was signed into law on November 18, 2021. The Act seeks to provide a framework for achieving low Green House Gas (GHG) emissions, inclusive green growth and sustainable economic development with the...
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