An Appraisal of the Legal Frameworks and Policy Shift in the Nigerian Energy Sector
2024
Michael Otu, Brian F. I. Anyatang, Bassey Kooffreh and Rose Ohiama Ugbe
This paper will explore policy shifts in Nigeria’s oil and gas, solar, nuclear, and mineral energy sectors. This policy shift by way of a transition, indigenization, and Nigerianization, has given way to deregulation, decentralization, and de-indigenization of many industries, most notably in the oil and gas sector, through the Petroleum Industry Act (PIA) of 2021 and the Local Content Act of 2010 (LCA). The paper recommends, amongst others, the establishment of a new legal regime that grants resource-based and property rights to resource-bearing communities and incorporates principles of international law, energy diplomacies, International Environmental Law, and international best practices.
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