In 2021, the Nigerian oil and gas industry witnessed unarguably the level of activities that had not been witnessed in a long while. From the enactment of the Petroleum Industry Act (PIA) to the declaration of the ‘Decade of Gas’, the sector remained a major hub as Nigeria began to make haste to get as much oil out of the ground before the world moves on from the consumption of fossil fuels. Emmanuel Addeh looks at the year in retrospect and what 2022 holds for the critical sector, which is responsible for roughly 85 per cent of the country’s foreign exchange earnings. Despite the enormous negative impact of the Covid-19 pandemic, Nigeria ramped up its efforts to draw the all-important foreign and local investment into the oil and gas sector. After decades of dilly-dallying, it finally took the critical step of passing and signing into law the PIA, expected […]