Combining oil and gas wealth with the entrepreneurial efforts of its predominantly young population, Nigeria has developed a business-friendly environment over the past two decades of civilian rule. The country has effectively leveraged its abundance of natural resources and harnessed the strength of its 193m-strong population to become a key nation both on the African continent and beyond.
Increasing activity in Nigeria’s solar-powered mini-grid industry, coupled with government support for off-grid solutions, has the potential to electrify a significant portion of the rural population and circumvent transmission issues.
The Nigerian government has announced plans for a multibillion-dollar sell-off of state assets in the energy sector, in a push to boost cash flows and improve efficiency across the sector.
It was just one step in the right direction, but the Nigerian Senate’s passage of an energy industry bill, the Petroleum Industry Governance Bill (PIGB), in May 2017 felt like a huge leap to many in the country. Nigeria has been waiting for a decade for comprehensive energy sector reform, with the existing regulatory framework showing its age...
How do you expect the Organisation of the Petroleum Exporting Countries (OPEC) agreement from 2016 to impact oil revenues?
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