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Olufola  Wusu's picture
Partner Head of Oil and Gas/Intellectual Property Practice Megathos Law Practice

Olufola Wusu is a policy consultant, entrepreneur and attorney, who was part of the team that helped review the National Gas Policy 2016 for the Federal Ministry of Petroleum Resources in...

  • Member since 2020
  • 29 items added with 22,174 views
  • Dec 9, 2021
  • 642 views

Prior to the convoluted evolution of the PIB, there was a bit of regulatory certainty in the oil and gas space. The PIB was long in coming and brought about a wind of regulatory uncertainty as it went through a number of legislative cycles.

The emergence of the PIA 2021,  has led to a  flurry of activities in the Natural Gas  Space in Nigeria due to the changes the law has made. UTM and Afreximbank have signed a $5billion pact to support Nigeria’s #Floating #LNG project #FLNG

The PIA 2021 should help unlock the value in  oil and gas projects that were stalled prior to the PIA 2021.

Over $48 Billion  dollars of low hanging oil and gas opportunities are waiting to be snapped up by discerning investors.

Olufola  Wusu's picture
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