Here are the key facts and tips on the gas flaring prohibition bill recently introduced in the House of Representatives Gas flaring is the controlled burning of natural gas that is released during crude oil extraction. While this practice is often employed to relieve pressure in oil wells and prevent explosions, it results in the emission of greenhouse gases, worsening climate change. Additionally, flaring represents a waste of valuable resources, as the gas being burned...
For over five decades, Nigeria has relied on its oil and gas sector for its major foreign exchange and revenue earnings. Environmental degradation, loss of livelihoods, strange diseases, lack of portable water etc unfortunately instead became the lot of the citizens in the host communities who wondered what went wrong in the midst of so much prospects, hopes and now, dashed dreams. Since the discovery of Oil in 1956, Nigeria has not transmuted to the...
This week, RemTracker highlights key legislative initiatives aimed at enhancing safety standards in gas sites, promoting renewable energy, and addressing environmental challenges within Nigeria’s extractive sector, alongside the latest updates on the proposed federal university of mining and geo-sciences. Investigation into gas flaring safety standards On Tuesday in the House of Representatives, Rep. Harrison Anozie Nwadike (APC, Imo) called for an investigation into compliance with safety standards in gas flaring operations to protect lives in...
RemTracker this week highlights legislative attention on lithium, gas flares, local content in the oil and gas industry, and the latest update on the south-south development commission. Close attention to lithium Rep. Victor Obuzor (PDP, Rivers) proposed a motion in the House of Representatives on Wednesday emphasizing the need to upscale the lithium industry and its value chain as a catalyst for driving energy sufficiency and economic growth. The motion cautions against repeating...
As national assembly plenary resumes today, this edition of RemTracker highlights discussions from last week on CNG and planned probe of NNPCL over non-remittance of funds Day of reckoning beckons for MDAs The House of Representatives is set to investigate revenue-generating agencies for revenue leakages and non-remittance of funds. This decision followed the consideration of the report from the House joint committee on finance, national planning, and economic development regarding the 2025-2027 Medium Term Expenditure...
The transition to Compressed Natural Gas (CNG) has become a focal point of discussion across various sectors in Nigeria. This evolving agenda has sparked diverse debates regarding its benefits and challenges, leading to speculation about what is truly at stake. In an effort to contribute to this important dialogue, the HallowMace Foundation Africa, in collaboration with the National Institute for Legislative and Democratic Studies (NILDS), organized the 6th edition of its National Legislative Conference....
Energy transition is increasingly at the forefront of national discussions in Nigeria, with many perspectives contributing to the dialogue The Nigeria Extractive Industries Transparency Initiative (NEITI) has officially launched a research initiative focused on the impacts of energy transition on Nigeria’s economy. This launch took place during a workshop in Abuja, where key stakeholders, experts, and policymakers gathered to discuss the study’s focus, approach, and methodology. This collaborative effort aims to refine the research framework...
Solid mineral audit reports by the Nigeria Extractive Industries Transparency Initiative (NEITI) is just a first step in the journey towards accountability in the sector The Nigeria Extractive Industries Transparency Initiative (NEITI) plays a crucial role in ensuring accountability and transparency within the extractive sector, particularly in the solid minerals industry. As Nigeria seeks to diversify its economy beyond oil, the solid minerals sector presents a significant opportunity for growth and development. The latest NEITI...
Decades after discovering oil, many Nigerians still question the benefits of this abundant natural resource as they endure long queues at fuel stations and face daily challenges. The answer to this ancient challenge lies in the mismanagement of oil revenues, which has deprived citizens of their rightful benefits. To address these pressing issues, the Nigeria Extractive Industries Transparency Initiative (NEITI) was established to promote accountability and transparency within the extractive sector. By implementing rigorous audits...
This inaugural edition of RemTracker discusses a mining reform bill and proposal for a dedicated university on the extractive resource Amendment of the Nigerian Minerals and Mining Act The Nigerian Minerals and Mining Act of 2007 has served as the legal framework for the exploration and exploitation of mineral resources in Nigeria for over a decade. However, the evolving dynamics of the global mining industry and Nigeria’s quest for sustainable development have revealed significant gaps...
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