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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 21,728 views
  • Nov 29, 2021
  • 633 views

     Review of the Petroleum Industry Act 2021 


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. However with the emergence of the PIA 2021, it is hoped that there will be a flurry of investment activities in the oil and gas space in Nigeria. 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.
 
 We have started a series on the PIA 2021, spurred on by the number of requests we have received for training on the business opportunities in the PIA 2021. 
The Megathos Update, will lead and guide you and your teams through the business opportunities  available in the Petroleum Industry Act 2021. (PIA 2021)

 

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