Nigeria's Petroleum Industry Governance Bill (PIGB) was recently passed by the National Assembly and forwarded to President Buhari for his assent. The Bill proposes to reform the Nigerian petroleum industry governing institutional framework by amongst others, setting up an independent regulatory agency, unbundling the NNPC into two limited liability companies and setting specific policy roles for the Minister of Petroleum Resources. Energy Partner, Dr.
This attached paper by Dr. Adeoye Adefulu (Partner, Odujinrin & Adefulu) and Dr. Ekpen Omonbude (Economic Adviser (Natural Resources), Commonwealth Secretariat, London), explores the intricacies of the subsidy regime in the Nigerian petroleum product supply industry and proposes proactive solutions to problems that arise therefrom.
Energy Partner Dr. Adeoye Adefulu provided training to over 50 employees of the Nigerian National Petroleum Corporation (NNPC) on Wednesday, May 29th on the “Key Legal Issues in the Nigerian Oil and Gas Industry” as a part of NNPC’s foundational skills course. The seminar examined foundational issues such as the ownership of oil and gas in Nigeria, NNPC’s role in the industry, the types of petroleum development arrangements used in the country, Petroleum Industry Bill, and Local Content.