Nigeria has introduced a revolutionary policy aimed at reducing carbon emissions in the upstream oil sector. Coming into force on 1 January 2025, it applies to all approvals in the sector, including divestments, and requires applicants for petroleum licences and permits to demonstrate their commitment to low emissions and renewable energy initiatives.
According to the head of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, this policy is part of the country's commitment to achieving carbon neutrality by 2060. To support the applicants, the NUPRC has introduced a decarbonisation model that will enable them to meet the new environmental requirements.
Komolafe said: "With this, the commission is furthering its efforts to align the upstream oil industry with national priorities and international climate goals while ensuring sustainable value creation from oil and gas resources for Nigeria's energy security and economic development."
In addition to demonstrating their commitment to environmentally friendly practices, operators will be required to implement methane management programmes, including leak detection and repair. This measure aims to reduce greenhouse gas emissions and promote a more sustainable oil industry.
This initiative marks an important turning point for Nigeria, bringing it closer to its climate objectives while preserving the creation of economic value. By adopting a low-carbon emissions policy, the country is demonstrating its leadership in the transition to sustainable and responsible energy.