Nigeria’s missed gas demand windfall: Implications and remedies
3 years ago(FILES) This file photo taken on September 29, 2015 shows a gas pipeline at the Afam VI power plant in Port Harcourt. - Nigeria's parliament on July 1, 2021 voted to approve a long-delayed oil and gas law that aims to attract new foreign investment to the OPEC country's petroleum industry. The Petroleum Industry Bill or PIB had been under review in the National Assembly for nearly two decades, beset by disagreements, including over how much revenue should go to local communities in oil-producing regions. (Photo by Florian PLAUCHEUR / AFP)
The Nigerian economy depends largely on hydrocarbons. Yet, in the wake of the Russian-Ukrainian war and the subsequent energy crisis that gripped European countries due to a reduction in gas supply from Russia...