Nigeria: The 11 Year Window/Our Latest Issue - Africa’s premier report on the oil, gas and energy landscape.

Nigeria: The 11 Year Window/Our Latest Issue

Time is still running out for Nigeria to take the full advantage of its hydrocarbon deposits, which it had largely exported in the raw for over 60 years.

Bola Tinubu’s one year old administration has been running with it; engaging, enunciating reform policies at a rate not seen in the last eight years, but there is the weight of history to deal with and Nigeria does happen, even to the best laid out intentions.

We are far from where we were when we published the first of this annual monitoring edition in 2023; the first products from the gigantic Dangote Refinery (650,000Balrrels Per Stream Day) have rolled out and there is a clear line of sight to ample domestic manufacture of gasoline by a private sector player.

But the fact doesn’t change that there is just about 11 years to the beginning of the end of the fossil fuel era.

Nigeria still desperately needs to convert its vast gas resources into products that enrich the economy; the state hydrocarbon company remains a chokehold to development;one crucial grid length, natural gas pipeline, which should enable evacuation to power plants and industries, has been under construction for close to 15 years. A second one, for which installation started three years ago, is facing severe headwinds.

The electricity supply system remains inchoate. Generation is a superbly weak part of the chain.

As oil majors leave the country’s onshore and shallow water assets, Nigerian independents are coming in. With very few exceptions, the overall performance of the Independents is poor and is a large reason for the continuing low crude oil output.

Bola Ahmed Tinubu has done more than a bit. The issue is that there is so far, still far. We revisit the agenda we set for him in the April 2023 issue.

Read your copy here.

The Africa Oil+Gas Report is the primer of the hydrocarbon industry on the continent. Published by the Festac News Press Limited since November 2001, it is a paid subscription based monthly, hardcopy and pdf publication delivered around the world. Website is www.africaoilgasreport.com. Contact email address is info@africaoilgasreport.com. Contact telephone numbers in our West African regional headquarters in Lagos are +2348130733523, +2347062420127, +234803652979, +2348023902519.

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