- Firstly, there will be an overview of the evolution of the Nigerian petroleum industry.
- We shall then dwell on the ownership and control of the oil and gas resources in Nigeria.
- The major regulatory agencies in Nigeria shall be listed.
- An appraisal will be given to the various public regulations of the industry in Nigeria. Similarly,.
- legislative instruments such as the Constitution of The Federal Republic of Nigeria 1999, The Land Use Act, The Petroleum Act, Environmental Impact Assessment Act, Oil Pipelines Act, Act and Petroleum (Drilling and Production) Regulations, amongst others shall be discussed.
- The laws regulating gas flaring in Nigeria shall be highlighted.
- We will also take a look at recent developments in the oil and gas industry such as the Petroleum Industry Bill and the Local Content Act.2
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Notwithstanding the foregoing provisions of this section, the entire property in and control of all minerals, mineral oils and natural gas in under or upon any land in Nigeria or in, under or upon the territorial waters and the Exclusive Economic Zone of Nigeria shall vest in the Government of the Federation and shall be managed in such manner as may be prescribed by the National Assembly.
- Ministry of Petroleum Resources (MPR)
- Department of Petroleum Resources (DPR)
- Nigerian Content Development and Monitoring Board (NCDMB)
- National Oil Spill Detection and Response Agency (NOSDRA)
- National Petroleum Investment Management Services (NAPIMS)
- Petroleum Products Pricing Regulatory Agency (PPPRA)
- Nigerian Content Division (NCD)
- Federal Inland Revenue Service (FIRS).
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It is however sad that despite the enactment of these laws, the incidence of gas flaring continues to be perpetrated by the oil MNCs without strict sanctions from the Federal Government. It perhaps so because the NNPC an agency of the Federal Government is operating in joint venture with the MNCs, thus any of such sanctions would jeopardize the economic and business interests of the corporations.
12. UNDP, Niger Delta Human Development Report, 2006.
13. Country Analysis Brief Overview: Full Report (Nigeria), US Energy Information Administration (Dec 2013). http://www.eia.gov/countries/analysisbriefs/Nigeria/nigeria.pdf
14. Ekhator Eghosa supra
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15. Ibid
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About the author
EZEOHA MARKANTHONY
CHUKWUDI Is a 500 level Law student of Nnamdi Azikiwe University (UNIZIK) Awka, Anambra state. And the president, Law students’ Association.
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4 comments
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A well detailed work on Nigeria Energy Sector. Great job Ezeoha!
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