President Goodluck Jonathan says Nigeria’s power industry can only grow through liberalisation: The government will sell 11 distribution companies created out of Power Holding Co. of Nigeria, the state-owned utility, and allow private companies to set up power plants using natural gas, hydro-electric dams and coal-powered stations, Jonathan said in a speech in Lagos, the… Read More »
WSJ: A Lack of Flare: In the oil-rich Niger Delta region of Nigeria, petroleum companies use giant torches to burn off natural gas found with deposits of crude oil. The decades-old industry practice, known as flaring, has long been criticized as wasteful and harmful to the environment because of the carbon dioxide it releases into… Read More »
Sometime ago I wrote a post about my efforts to understand the Nigerian oil industry. Some Next reporters have done an article on their efforts to understand the industry. Nobody seems to know how much Nigerian exports, or how much it makes from oil: Even a cursory check by NEXT has revealed that various agencies… Read More »