Nigeria’s Petroleum Industry Bill: A Missed Opportunity to Prepare for the Zero-Carbon Future | Zendy

Solina Kennedy | Zendy; Martin Dietrich Brauch | Zendy; Perrine Toledano | Zendy; Tehtena Mebratu-Tsegaye | Zendy

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Nigeria’s Petroleum Industry Bill: A Missed Opportunity to Prepare for the Zero-Carbon Future

Author(s) -

Solina Kennedy,

Martin Dietrich Brauch,

Perrine Toledano,

Tehtena Mebratu-Tsegaye

Publication year - 2021

Publication title -

ssrn electronic journal

Language(s) - English

Resource type - Journals

ISSN - 1556-5068

DOI - 10.2139/ssrn.3823600

Subject(s) - petroleum industry , petroleum , zero (linguistics) , natural resource economics , carbon fibers , zero waste , business , petroleum engineering , engineering , environmental protection , economics , waste management , environmental science , computer science , chemistry , environmental engineering , algorithm , linguistics , philosophy , organic chemistry , composite number

With Nigeria’s National Assembly debating the proposed Petroleum Industry Bill (PIB) in the first quarter of 2021 — after nearly two decades of attempted reform of the country’s petroleum sector — Nigeria has a unique opportunity to rethink the role of the oil and gas industry in Nigeria’s economy and build out the country’s energy sector and economic capacity for the long term.

This piece provides a brief analysis of Nigeria’s PIB, highlighting the PIB’s laudable steps while identifying gaps and outlining recommendations for Nigeria to prepare for and seize the opportunity of the energy transition.

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