Assessing the Progress of Decarbonization Efforts in Nigeria's Oil and Gas Industry

Abstract

The global imperative to address climate change has prompted a shift towards decarbonization in various industries, including the oil and gas sector. This review article critically assesses the progress of decarbonization efforts within Nigeria's oil and gas industry, a key player in the global energy landscape. The article delves into the challenges and opportunities faced by the industry in transitioning to a low-carbon future, considering the unique socio-economic and environmental context of Nigeria. Drawing on a comprehensive review of existing literature, policy documents, and industry reports, this review evaluates the effectiveness of current decarbonization strategies and initiatives in reducing carbon emissions and advancing sustainable practices. It examines the role of government policies, technological innovations, and international collaborations in driving decarbonization efforts in Nigeria's oil and gas sector. This review identifies key areas for improvement and outlines recommendations for policymakers, industry stakeholders, and regulatory bodies to enhance decarbonization progress and foster long-term sustainability. By synthesizing current knowledge and best practices, this review contributes to the discourse on decarbonization in the oil and gas industry, offering insights into the opportunities and challenges of achieving a cleaner, greener energy future in Nigeria.