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

S. Kennedy, Martin Dietrich Brauch, P. Toledano, Tehtena Mebratu-Tsegaye
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Abstract

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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尼日利亚石油工业法案:错失了为零碳未来做准备的机会
经过近20年的石油行业改革尝试,尼日利亚国民议会将在2021年第一季度辩论拟议的石油工业法案(PIB),这是一个独特的机会,可以重新思考石油和天然气行业在尼日利亚经济中的作用,并建立该国的能源部门和长期经济能力。本文简要分析了尼日利亚的PIB,强调了PIB值得称赞的步骤,同时确定了差距,并概述了尼日利亚为能源转型做好准备和抓住机遇的建议。
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