What needs to be done for Nigerians to reap the benefits of their wealth in oil and gas? 3 action points:
Federal Government of Nigeria: Stop gas flaring now, and open the gas market to commercial ownership of exploration, pipeline transmission and distribution.
Civil Society: Demand the creation of a new governance for the energy sector, integrating regulations for oil, gas and renewable energies in a Federal Energy Commission.
You: Attend public hearings on the Petroleum Industry Bill and demand clarity on the proposed management system of the gas sector. Host communities should receive royalties from the gas explored on their lands and government should receive income from taxing the commercial gas operators. We do not need derivation arrangements.
(more details in Green Deal Nigeria study).