Nigeria Energy

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Chapter | Energy from The Report: Nigeria 2017

As Africa’s largest oil producer, Nigeria is a key member of the Organisation of the Petroleum Exporting Countries (OPEC) and the world’s fourth-largest exporter of liquefied natural gas. Policy moves over the past two decades have enabled young Nigerian companies to acquire and develop oil and gas blocks, build pipelines and distribution networks, and soon, based on the current project...

With Africa’s largest economy and its biggest population, Nigeria is the continent’s heavyweight. The country has been blessed with resource-rich lands, areas of great agricultural fertility and favourable demographics, but it has also had its fair share of challenges.

A combination of external factors should help Nigeria maintain elevated oil production over the short term, with the government hoping to further enhance output through a long awaited overhaul of the sector’s regulatory framework.  

Three years after the start of Nigeria’s power privatisation programme, the government is looking to burnish the attractiveness of the sector by providing a range of new incentives and guarantees.

 

How can the sector support the government’s diversification efforts?

 

In 2016 the government turned its attention to bitumen – also known as asphalt, which is used in road-surfacing – placing the country’s large standalone deposits of the hydrocarbon mixture at the centre of its plans to bolster the extractive industries and support economic diversification and growth. While this has the potential to support...

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