Book Description

“There is a lot of competition around Africa, and the only way to make investors more interested in our offerings is by showcasing the real opportunities present in our country and our appetite in technology transfer.” Chief Timipre Marlin Sylva, Minister of State for Petroleum Resources. The Energy Year Nigeria 2021 highlights Nigeria’s ambitious quest to ramp up production via marginal fields, increase its refining capacity through modular plants, advance gas utilisation with virtual pipelines and revamp its entire power sector to ultimately become Africa’s energy powerhouse. “Our strategy and focus for gas in 2021 is to drive the implementation of the country’s “Decade of Gas” initiatives and grow the overall importance of the industry via increasing its contribution to Nigeria’s GDP.” Engr. Sarki Auwalu, Director and CEO, Department of Petroleum Resources The Energy Year Nigeria 2021 elucidates how Nigeria’s energy industry has remained resilient while it undergoes a unique reshaping through its recently passed Petroleum Industry Bill, as well as the launch of its “Decade of Gas” initiative and the materialising of its “refining revolution” – all of which are propelling the country on its path towards energy transition and self-sufficiency. Produced in partnership with the Federal Ministry of Power, the Department of Petroleum Resources and the Nigerian Content Development and Monitoring Board, this eighth edition of The Energy Year’s Nigeria series provides investors deep insight on the efforts made to push the country’s energy sector beyond the Covid-19 crisis. The report gives a detailed picture of the opportunities surrounding crude oil, natural gas and power at a time when Nigeria is driven by its pursuit of greater efficiency and a viable energy transition.