– Nigeria Petroleum Industry Act
– Oil and Gas Reforms
– Energy Investment in Nigeria
The Major Energy Marketers Association of Nigeria (MEMAN) has reaffirmed that the implementation of the Petroleum Industry Act (PIA) is progressing steadily. The association highlighted ongoing reforms aimed at improving efficiency, transparency, and investment in the oil and gas sector.
MEMAN emphasized the need for collaboration among stakeholders to address challenges, including regulatory adjustments and market dynamics. The association noted that the PIA has already led to positive changes, such as the unbundling of the Nigerian National Petroleum Company Limited (NNPC) and improved governance structures.
Despite progress, experts urge the government to ensure full compliance and provide clarity on key policies to attract more investors. The implementation of the PIA is expected to enhance Nigeria’s energy security and boost revenue generation.
