The Petroleum Industry Act (PIA) was enacted in 2021 to regulate Nigeria\'s oil and gas industry. One of its key provisions is the establishment of Host Communities Development Trusts under Chapter 3 of the PIA. The introduction of the Host Community...
As the name indicates, renewable energy refers to energy that is generated from natural sources which replenishes itself at a rate higher than the rate of consumption. They are also referred to as clean energy. Examples of this class of energy include...
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...
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....
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,...
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...
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...
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...
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...
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/....